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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
25627 Woodward Ave, Royal Oak, MI 48067-0907
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-5285252
Property summary
AI-generated overview
This exceptional mixed-use property, located at 25627 Woodward Avenue in Royal Oak, Michigan, presents a unique investment opportunity. The 1,900-3,900 square foot building, constructed in 1957, sits on a 0.9-acre lot and is classified as a Class C medical office. Previously utilized as a dental office, the space is already equipped with five operatories and plumbing for six, making it ideal for a variety of medical practices. A partially finished basement offers additional space, including a kitchen/staff lounge and a conference room, providing ample room for staff and patient comfort. The building has been meticulously maintained and is in excellent condition, ready for immediate occupancy on July 30, 2024. Its prime location on Woodward Avenue in the thriving city of Royal Oak, Oakland County, (zip code 48067) offers exceptional visibility and accessibility. The asking price for this turnkey medical office building is $649,000. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1957
Total area
3,844 SF
Lot
0.11 ac (4,748 SF)
Zoning code
MIX USE 2
APN
72-25-21-406-017
UPID
US43-5285252
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
$564k
Blend (final)
Blend
$545k
Owner & transaction history
Conrad Group LLC · 1 yrs held
Conrad Group LLC
since 2024
Last sale
$538,000
3 recorded transactions
Zoning & alternative use
MIX USE 2 · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+19.5%
Retail stores
$650,000
+6.9%
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 Royal Oak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Oak 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$605,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: +20% · Conversion: Easy
RETAIL STORES
$650,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $538k (Aug 12 2024)
Last sale anchor
$538k
Aug 12 2024
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
$142 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,360
Tax year 2021
Assessed value
$214,400
Assessed 2024
Previous assessed
$147,910
+45.0% YoY
Effective rate
3.90%
On assessed value
Total market value
$428,800
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1957
Heating
FORCED AIR
Stories
1
Total area
3,844 SF
Lot
0.11 ac (4,748 SF)
Zoning code
MIX USE 2
APN
72-25-21-406-017
UPID
US43-5285252
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MIX USE 2 · Royal Oak, MI
Zoning MIX USE 2 · permitted uses
MIX USE 2 · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Oak. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$650,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Heating
FORCED AIR
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Conrad Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
25627 WOODWARD AVE, ROYAL OAK, MI 48067-0907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2025
—
Conrad Group LLC
—
Deed
related
$663,750 · Old National Bank
Nov 12, 2024
$538,000
Conrad Group LLC
David R Zamler
Deed
—
Mar 24, 2003
$155,000
David R Zamler
Westerheide,tr
Grant Deed
—
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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