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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Grocery and convenience stores
1708 Crooks Rd, Royal Oak, MI 48067-1307
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1846219
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1959
Total area
2,247 SF
Lot
0.51 ac (22,128 SF)
Zoning code
MIX USE 2
APN
72-25-16-204-006
UPID
US43-1846219
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
-
We've Got Gas Gas Station
-
Marathon Gas Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$875k
Owner & transaction history
Kla Properties LLC · 2 yrs held
Kla Properties LLC
since 2024
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
MIX USE 2 · 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Feb 7 2024)
Last sale anchor
$875k
Feb 7 2024
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
$389 / 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
$16,528
Tax year 2021
Assessed value
$322,600
Assessed 2024
Previous assessed
$293,120
+10.1% YoY
Effective rate
5.12%
On assessed value
Total market value
$645,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
2,247 SF
Lot
0.51 ac (22,128 SF)
Zoning code
MIX USE 2
APN
72-25-16-204-006
UPID
US43-1846219
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MIX USE 2 · Royal Oak, MI
Zoning MIX USE 2 · permitted uses
MIX USE 2 · 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
1959
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Kla Properties LLC
Entity
Mailing address
28340 WICK RD, ROMULUS, MI 48174-2639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$875,000
Kla Properties LLC
Rmg Investment Holdings LLC
Warranty Deed
$2,000,000 · Rmg Investment Holdings LLC
Feb 5, 2024
$363,000
Rmg Investment Holdings LLC
Lawrence Bolanowski
Warranty Deed
—
Dec 9, 2019
—
Rmg Investment Holdings LLC
—
Deed
related
$700,000 · Rka Petroleum Companies INC
Jun 2, 2015
—
Rmg Investment Holdigs LLC
Bolanowski,lawrence & Maryanne
Quit Claim Deed
—
—
—
Lawrence J Bolanowski
—
Deed Of Trust
related
$180,000 · N B D Bank NA
—
—
Lawrence J Bolanowski
—
Deed Of Trust
related
$225,000 · Charter One Bank
—
—
Rmg Investment Holdings LLC
—
Deed Of Trust
related
$700,000 · Rka Petroleum Companies INC
—
—
Lawrence J Bolanowski
—
Deed Of Trust
related
$281,521 · Charter One
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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