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    Property profile & analytics

    23900 Woodward Ave Pleasant Ridge, MI 48069-1134

    • Retail space
    • 6,430 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $1,270,000
    Last Sale
    Apr 27, 2023
    $1,175,000
    Location Intelligence
    Property ID
    US43-1796000
    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

    • Motor City Tan / Tanning Salon
    • Woodward Place / Business Park / Business Center

    Property Details for 23900 Woodward Ave

    Year built
    1937
    Lot size
    0.24 lot acres
    Property size
    6,430 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    60-25-27-155-002
    APU
    602527155002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,215,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,090,000
      Geo Method
      $1,265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $975,000
      Retail
      $990,000
      Mixed-Use
      $1,060,000
      Hospitality
      $1,170,000
      Educational
      $1,150,000
      Residential Income
      $1,320,000
      Energy
      $1,095,000
      Income-Based Land
      $1,135,000
      Food Service
      $1,305,000

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Ridge
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1407
    Latitude
    42.4706
    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
    $15,435
    $0.00
    $0.00
    $315,080
    -
    $0.00
    $0.00
    $630,160

    Comparable in this City

    • Value Estimation by Request
      5,216 SF

      23622 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,216 SF
      23622 Woodward Ave, Pleasant Ridge, MI 48069-1125
      View Details
    • Value Estimation by Request
      776 SF

      Pleasant Ridge, MI 48069

      RETAIL STORES (PERSONAL SERVICES) • 776 SF
      Pleasant Ridge, MI 48069
      View Details
    • Value Estimation by Request
      8,539 SF

      24220 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,539 SF
      24220 Woodward Ave, Pleasant Ridge, MI 48069-1144
      View Details
    • Value Estimation by Request
      8,772 SF

      24052 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,772 SF
      24052 Woodward Ave, Pleasant Ridge, MI 48069-1137
      View Details
    • Value Estimation by Request
      2,503 SF

      23701 Woodward Ave

      GROCERY, SUPERMARKET • 2,503 SF
      23701 Woodward Ave, Pleasant Ridge, MI 48069-1131
      View Details
    • Value Estimation by Request
      15,157 SF

      400 10th Mile Rd

      GYM, HEALTH SPA • 15,157 SF
      400 10th Mile Rd, Pleasant Ridge, MI 48069-1201
      View Details
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    23900 Woodward Ave
    Pleasant Ridge, MI 48069-1134
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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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