Financial
Distress signals
Property profile

31968 Woodward Ave Royal Oak, MI 48073

OFF-MARKET
Other commercial real estate
Property ID
US43-0284016
1,337 SF 0.05 ac lot Built 1962
Last sale Dec 2023 · $320,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A vacant retail storefront with a total interior area of 1,485 square feet, located on Woodward Avenue in Royal Oak, Michigan. The space is situated along a major commercial corridor and positioned for visibility from the roadway, with stated proximity to major highways that can support access for customers and deliveries. The offering materials include demographic information for the surrounding area, including a population of 12,930 within a 1-mile radius and an average household income of

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$5k
Tax billed · 2021
Assessed value · 2024$110k
Effective rate4.19%

Value estimate

· Sep 2026
$415k
$374k – $457k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$120 – $255
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GEN BUS
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.3
Nail Salon15.1
Hair Salon13.3

Location

31968 Woodward Ave Royal Oak, MI 48073-0939
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30156 Woodward, Royal Oak, MI 48073-0910 $150,000 Dec 2025 1,679 SF
4243 Coolidge, Royal Oak, MI 48073-1639 $290,000 Jun 2025 1,364 SF
4507 Fernlee, Royal Oak, MI 48073-1786 $480,000 Sep 2023 1,164 SF
3024 Rochester, Royal Oak, MI 48073-3504 $450,000 May 2023 1,528 SF
32748 Woodward, Royal Oak, MI 48073-0953 $250,000 Jul 2022 1,224 SF
32088 Woodward, Royal Oak, MI 48073-0940 $250,000 Mar 2022 1,455 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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