1800 14th Mile Rd Royal Oak, MI 48073-1714
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$455k
Range $410k – $501k (±10%)
Property ID
US43-1391804
Property summary
AI-generated overview
This exceptional 6,000-square-foot retail space is available for sale or lease at 1800 W. 14 Mile Road in Royal Oak, Michigan, zip code 48073. The property is a single-tenant building, offering a significant opportunity for owner-occupancy or investment. The entire 6,000 square feet is currently vacant, presenting a blank canvas for a new business or a complete renovation to suit a specific tenant's needs. Located in the vibrant city of Royal Oak, this property benefits from excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's prime location offers significant potential for growth and return on investment. This is a value-add opportunity for a savvy investor or business owner looking to establish a strong presence in a thriving Michigan market. The property is situated at 42.5331855 latitude and -83.166993 longitude, providing easy access to major transportation routes and a diverse customer base. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space. The property is classified as commercial retail and offers a single tenancy arrangement. This presents a unique opportunity to customize the space to perfectly fit your business needs.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
14,067 SF
Lot
0.62 ac (26,833 SF)
Zoning code
MIX USE 2
APN
72-20-32-478-011
UPID
US43-1391804
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon
-
Restaurant
-
Physician
-
Mobile Phone Store Electronics & Wireless Store
-
Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$455k
Owner & transaction history
since 2026
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
MIX USE 2 · Royal Oak, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$455k
Value range
$410k – $501k
±10% around blend
Estimated value / SF
$32 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$410k
blend $455k
$501k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,067 SF
Lot area
0.62 ac
Year built
1972
Stories
1
APN
72-20-32-478-011
Assessed value
$573,840
Annual tax
$20,880
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.67M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.5 mi away · 18,150 SF
7.7 mi away · 11,986 SF
14.8 mi away · 11,050 SF
15.1 mi away · 11,120 SF
15.4 mi away · 16,674 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$455k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$197
-84%
Submarket 87 sales
$192
-83%
County 344 sales
$176
-82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $32/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.75M
Move the market yield to see immediate price impact.
Value / SF
$124
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$110k
$2.21M
$1.57M
$1.23M
$123k
$2.45M
$1.75M
$1.36M
$135k
$2.70M
$1.92M
$1.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.17M
1.7 mi · Dec 2025 · $106/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,880
Tax year 2023
Assessed value
$573,840
Assessed 2024
Previous assessed
$358,310
+60.2% YoY
Effective rate
3.64%
On assessed value
Total market value
$1,147,680
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
14,067 SF
Lot
0.62 ac (26,833 SF)
Zoning code
MIX USE 2
APN
72-20-32-478-011
UPID
US43-1391804
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MIX USE 2 · Royal Oak, MIZoning MIX USE 2 · permitted uses
MIX USE 2 · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MIX USE 2
Jurisdiction
Royal Oak, MI
Recorded code
MIX USE 2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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