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Property profile & analytics
FOR SALE
Commercial real estate
1413 Crooks Rd, Royal Oak, MI 48067
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1095690
For Sale
1 / 7
$250,000
1413 Crooks Rd, Royal Oak, MI 48067
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Property summary
AI-generated overview
This 724-square-foot office building, located at 1413 Crooks Rd in Royal Oak, Michigan, 48067, is available for $225,000. Built in 1927, this Class C property offers an open layout with abundant natural light, making it ideal for owner-users. The building boasts a prominent, high-visibility frontage on Crooks Road, experiencing over 11,000 vehicles daily. Its convenient location offers easy access to I-75 and I-696, placing it within close proximity to downtown Royal Oak. The property is zoned for multi-family use, presenting additional investment potential. The asking price equates to $310.77 per square foot. Occupancy is available February 12, 2024. This versatile space is suitable for a variety of creative and traditional office uses. The building's prime location and high traffic count make it an excellent investment opportunity. Serious inquiries are encouraged.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Total area
724 SF
Lot
0.02 ac (1,045 SF)
Zoning code
MULT FAM
APN
72-25-16-277-001
UPID
US43-1095690
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
-
Whitney Tim Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gem Investment LLC · 1 yrs held
Gem Investment LLC
since 2025
Last sale
$140,000
1 recorded transaction
Zoning & alternative use
MULT FAM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,148
Tax year 2021
Assessed value
$27,450
Assessed 2024
Previous assessed
$26,060
+5.3% YoY
Effective rate
4.18%
On assessed value
Total market value
$54,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1927
Heating
FORCED AIR
Stories
1
Units
1
Total area
724 SF
Lot
0.02 ac (1,045 SF)
Zoning code
MULT FAM
APN
72-25-16-277-001
UPID
US43-1095690
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MULT FAM · Royal Oak, MI
Zoning MULT FAM · permitted uses
MULT FAM · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Oak. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Gem Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1113 FORESTDALE RD, ROYAL OAK, MI 48067-1169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2025
$140,000
Gem Investment LLC
John W Whitney
Warranty Deed
—
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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