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    Property profile & analytics

    23340 Woodward Ave Ferndale, MI 48220-1302

    • Office buildings
    • 986 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 12, 2021
    Location Intelligence
    Property ID
    US43-1649476
    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

    • Office buildings

    Property Details for 23340 Woodward Ave

    Year built
    1940
    Lot size
    0.06 lot acres
    Property size
    986 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    24-25-27-328-004
    APU
    242527328004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1374
    Latitude
    42.4657
    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
    2023
    $6,591
    $0.00
    $0.00
    $78,710
    -
    $0.00
    $0.00
    $157,420

    Comparable in this City

    • Value Estimation by Request
      12,160 SF

      130 9th Mile Rd

      OFFICE BUILDING • 12,160 SF
      130 9th Mile Rd, Ferndale, MI 48220-3728
      View Details
    • Value Estimation by Request
      3,990 SF

      407 9th Mile Rd

      OFFICE BUILDING • 3,990 SF
      407 9th Mile Rd, Ferndale, MI 48220-1721
      View Details
    • Value Estimation by Request
      1,597 SF

      963 Allen St

      OFFICE BUILDING • 1,597 SF
      963 Allen St, Ferndale, MI 48220-2478
      View Details
    • Value Estimation by Request
      3,804 SF

      3055 Hilton Rd

      OFFICE BUILDING • 3,804 SF
      3055 Hilton Rd, Ferndale, MI 48220-1096
      View Details
    • Value Estimation by Request
      2,954 SF

      726 Livernois St

      OFFICE BUILDING • 2,954 SF
      726 Livernois St, Ferndale, MI 48220-2307
      View Details
    • Value Estimation by Request
      3,000 SF

      701 Livernois St

      OFFICE BUILDING • 3,000 SF
      701 Livernois St, Ferndale, MI 48220-2306
      View Details

    Similar Nearby for Sale

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      Prime Ferndale location, 6,279 SF office space.
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    • $1,499,000

      Multi-Unit Building with Recent Updates

      Well-maintained multi-unit building with garage and ample parking.
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      Ferndale Office Space For Sale

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    Similar Nearby for Lease

    • $4,500,000
      12,466 SF

      Ferndale Office Loft For Lease

      Class A office space in a vintage, urban loft building.
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      View Details
    • $800 /Mo
      450 SF

      Downtown Ferndale Office Space Above Toast

      Turnkey office space in downtown Ferndale, ideal location, easy access.
      23150 Woodward Ave, Ferndale, MI 48220
      View Details
    • $18 SF/Yr
      6,800 SF

      Creative Space in Livernois Corridor

      Creative space available for lease in the Livernois Creative Corridor.
      359 Livernois St, Ferndale, MI 48220
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    • $1,995 /Mo
      12,000 SF

      Downtown Ferndale Office Loft

      Second floor office loft in downtown Ferndale with natural light.
      200 West 9 Mile Rd, Ferndale, MI 48220
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    • $15 SF/Yr
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      Ferndale Executive Office/Distribution Space

      4,300 SF Office/Distribution Space Available
      3100 Hilton Rd, Ferndale, MI 48220
      View Details
    • Contact for pricing
      7,985 SF

      Ferndale Executive Office Suites

      Prime Ferndale location, flexible office space.
      22720 Woodward Ave, Ferndale, MI 48220
      View Details
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    23340 Woodward Ave
    Ferndale, MI 48220-1302
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    Realmo Value Estimation

    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.

    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.

    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
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