Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1815 Bellaire Ave Royal Oak, MI 48067-1578

    • Industrial properties
    • 9,000 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1538314
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TLA Interiors, Inc. / Dry Wall Contractor
    • Ram Meter Inc / Electronics Store
    • Christopher Thomas Construction / Beauty Salon

    Property Details for 1815 Bellaire Ave

    Year built
    1967
    Lot size
    0.56 lot acres
    Property size
    9,000 SF
    Zone code
    GEN IND
    Property type
    Industrial properties
    APN
    72-25-14-101-030
    APU
    722514101030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1232
    Latitude
    42.5024
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $13,825
    $0.00
    $0.00
    $284,880
    -
    $0.00
    $0.00
    $569,760

    Comparable in this City

    • Value Estimation by Request
      4,259 SF

      303 Lincoln Ave

      INDUSTRIAL (GENERAL) • 4,259 SF
      303 Lincoln Ave, Royal Oak, MI 48067
      View Details
    • Value Estimation by Request
      1.11 Acres

      1209 Morse Ave

      INDUSTRIAL (GENERAL) • 1.11 Acres
      1209 Morse Ave, Royal Oak, MI 48067-3480
      View Details
    • Value Estimation by Request
      2,887 SF

      1719 Bellaire Ave

      INDUSTRIAL (GENERAL) • 2,887 SF
      1719 Bellaire Ave, Royal Oak, MI 48067-1511
      View Details
    • Value Estimation by Request
      4,808 SF

      1911 Bellaire Ave

      INDUSTRIAL (GENERAL) • 4,808 SF
      1911 Bellaire Ave, Royal Oak, MI 48067-1514
      View Details
    • Value Estimation by Request
      19,760 SF

      1921 Bellaire Ave

      INDUSTRIAL (GENERAL) • 19,760 SF
      1921 Bellaire Ave, Royal Oak, MI 48067-1514
      View Details
    • Value Estimation by Request
      7.67 Acres

      1600 Campbell Rd

      INDUSTRIAL (GENERAL) • 7.67 Acres
      1600 Campbell Rd, Royal Oak, MI 48067-1558
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,426 SF

      Royal Oak Warehouse - 74,426 SF

      Spacious industrial warehouse, prime location.
      414 Hudson Ave, Royal Oak, MI 48067
      View Details
    • $2,100,000
      11,175 SF

      Royal Oak Office Building For Sale

      11,175 SF Office, Move-In Ready
      1026 Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • $400,000

      Royal Oak Mixed-Use Property

      Mixed-use property in downtown Royal Oak with commercial and residential zoning.
      820 S Washington Ave, Royal Oak, MI 48067
      View Details
    • $995,000

      Royal Oak Specialty Property

      Specialty property available for sale in Royal Oak, Michigan.
      410 Crane Ave, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      15,000 SF

      Downtown Royal Oak Office Space

      Modern Office, Retail, 15,000 SF
      117 4Th St, Royal Oak, MI 48067
      View Details

    Similar Nearby for Lease

    • $32,356
      55,463 SF

      Royal Oak Industrial Warehouse Space

      55,467 SF industrial warehouse with multiple bays and docks.
      2020 Bellaire Ave, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      5,231 SF

      Move-in Ready Flex Space

      Flex space with office and lab components available for rent.
      332 E Lincoln Ave, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      3,400 SF

      Royal Oak Creative Space

      3,400 SF creative space in the heart of Royal Oak.
      310 S Main St, Royal Oak, MI 48067
      View Details
    • $15 SF/Yr
      62,000 SF

      Royal Oak Creative Office Space

      Historic Loft Offices, Downtown Royal Oak
      301 4Th St, Royal Oak, MI 48067
      View Details
    • Contact for pricing

      Royal Oak Commercial Space Available

      Commercial property available for rent in Royal Oak, Michigan.
      27332 Woodward Ave, Royal Oak, MI 48067
      View Details
    • $25 SF/Yr
      2,000 SF

      Royal Oak Restaurant & Event Space

      Turnkey restaurant and event space in downtown Royal Oak.
      202 E 3Rd St, Royal Oak, MI 48067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1815 Bellaire Ave
    Royal Oak, MI 48067-1578
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.