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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
22934 Woodward Ave, Ferndale, MI 48220-2773
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1339566
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Total area
3,263 SF
Lot
0.06 ac (2,614 SF)
Zoning code
BI
APN
24-25-27-381-005
UPID
US43-1339566
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$600k
Owner & transaction history
Pace Camp LLC · 2 yrs held
Pace Camp LLC
since 2023
7 recorded transactions
Zoning & alternative use
BI · Ferndale, 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 Ferndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ferndale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$184 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,477
Tax year 2023
Assessed value
$223,830
Assessed 2024
Previous assessed
$209,540
+6.8% YoY
Effective rate
4.23%
On assessed value
Total market value
$447,660
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,263 SF
Lot
0.06 ac (2,614 SF)
Zoning code
BI
APN
24-25-27-381-005
UPID
US43-1339566
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Ferndale, MI
Zoning BI · permitted uses
BI · Ferndale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ferndale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Pace Camp LLC
Entity
Mailing address
22934 WOODWARD AVE STE #2300, FERNDALE, MI 48220-2773
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Pace Camp LLC
Michigan Certified Development Corp
Assignment Of Lease (leasehold Sale)
—
Jul 14, 2023
—
Michigan Certified Development Corp
Space Camp LLC
Assignment Of Lease (leasehold Sale)
$286,000 · Michigan Certified Development Corporati
Jan 18, 2022
—
Lunar Base Holding Company LLC
—
Deed
related
$383,500 · Jpmorgan Chase Bank NA
Jan 7, 2022
—
Lunar Base Holding Company LLC
—
Deed
related
$383,500 · Jpmorgan Chase Bank NA
Dec 21, 2021
—
Lunar Base Holding Company LLC
—
Deed
related
$306,800 · Jpmorgan Chase Bank NA
Dec 23, 2019
—
Lunar Base Holidng Comapny LLC
Avenue Group LLC
Warranty Deed
—
Nov 5, 2018
$350,000
Avenue Group LLC
Case David A & Alice J Trust
Warranty Deed
$400,000 · Swistak L P & J F/tr (pt)
Sep 26, 2018
—
Case,david A & Alice J Trust
Portrait Studios INC
Quit Claim Deed
related
—
Jun 3, 2016
$180,000
Case,david A & Alice J Trust
Case Rosalyn M Trust
Warranty Deed
—
Nov 21, 2013
—
Case,rosalyn M Trust
Case,melvyn H & Rosalyn M
Quit Claim Deed
related
—
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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