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    Property profile & analytics

    2516 Oakwood Blvd Melvindale, MI 48122-1349

    • Warehouses
    • 3,220 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Aug 03, 2021
    $85,000
    Location Intelligence
    Property ID
    US43-2053758
    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

    • AlRedwan Hall / Event Venue

    Property Details for 2516 Oakwood Blvd

    Year built
    1949
    Lot size
    0.29 lot acres
    Property size
    3,220 SF
    Zone code
    R1 1 FA
    Property type
    Warehouses
    APN
    47 001 01 0025 301
    APU
    47001010025301

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1661
    Latitude
    42.2849
    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
    $5,167
    $0.00
    $0.00
    $63,100
    -
    $0.00
    $0.00
    $126,200

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      18880 Allen Rd

      WAREHOUSE, STORAGE • 1,200 SF
      18880 Allen Rd, Melvindale, MI 48122-1535
      View Details
    • Value Estimation by Request
      82,390 SF

      19180 Allen Rd

      MINI-WAREHOUSE, STORAGE • 82,390 SF
      19180 Allen Rd, Melvindale, MI 48122-1620
      View Details
    • Value Estimation by Request
      3,600 SF

      17140 Francis St

      WAREHOUSE, STORAGE • 3,600 SF
      17140 Francis St, Melvindale, MI 48122-2316
      View Details
    • Value Estimation by Request
      19,964 SF

      18300 Rialto St

      WAREHOUSE, STORAGE • 19,964 SF
      18300 Rialto St, Melvindale, MI 48122-1945
      View Details
    • Value Estimation by Request
      400 SF

      19140 Rialto St

      STORAGE YARD, OPEN STORAGE • 400 SF
      19140 Rialto St, Melvindale, MI 48122-1985
      View Details
    • Value Estimation
      $2,440,000
      11,573 SF

      19030 Meginnity St

      WAREHOUSE, STORAGE • 11,573 SF
      19030 Meginnity St, Melvindale, MI 48122-1933
      View Details

    Similar Nearby for Sale

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      Salon in high-traffic area near Allen Road and Oakwood.
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    Similar Nearby for Lease

    • $6 SF/Yr
      102,400 SF

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    • $7,900 /Mo

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    2516 Oakwood Blvd
    Melvindale, MI 48122-1349
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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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