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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Bars & Pubs
111 Main St Royal Oak, MI 48067-2610
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5230304
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1926
Total area
3,278 SF
Lot
0.08 ac (3,311 SF)
Zoning code
CBD
APN
72-25-22-101-003
UPID
US43-5230304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
North End Taproom Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$1.05M
Owner & transaction history
Prs Group LLC · 4 yrs held
Prs Group LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CBD · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Royal Oak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Oak submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.03M (Jan 31 2022)
Last sale anchor
$1.03M
Jan 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$319 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$37,143
Tax year 2021
Assessed value
$589,030
Assessed 2024
Previous assessed
$622,270
-5.3% YoY
Effective rate
6.31%
On assessed value
Total market value
$1,178,060
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1926
Heating
FORCED AIR
Stories
2
Total area
3,278 SF
Lot
0.08 ac (3,311 SF)
Zoning code
CBD
APN
72-25-22-101-003
UPID
US43-5230304
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Royal Oak, MIZoning CBD · permitted uses
CBD · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Heating
FORCED AIR
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Prs Group LLC
Entity
Mailing address
25860 S CONCORD RD UNIT #1106, HUNTINGTON WOODS, MI 48070-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$1,025,000
Prs Group LLC
111 S Main LLC
Warranty Deed
$1,714,900 · The Huntington National Bank
Feb 4, 2021
—
111 S Main LLC
Majid Al Awar
Quit Claim Deed
related
—
Jan 8, 2021
—
1196 Stuyvessant LLC
M Ll
Warranty Deed
—
Mar 22, 2003
$480,000
M & R Realty LLC
Allard,thomas H
Grant Deed
—
Jul 20, 1998
$27,500
Thomas H Allard
Sullivan Investment Group
Grant Deed
—
—
—
M Ll
—
Deed Of Trust
related
$243,000 · Bank Of Birmingham
—
—
M Main
—
Deed Of Trust
related
$384,000 · Tcf National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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