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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Manufacturing properties
2619 14th Mile Rd Royal Oak, MI 48073-1710
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4425110
Property summary
AI-generated overview
This exceptional 4,800-square-foot warehouse, located at 2619 W 14 Mile Road in Royal Oak, Michigan, presents a fantastic leasing opportunity. Built in 1961, this single-story industrial property sits on a 0.25-acre lot and offers ample space for a variety of businesses. The building features a generous 16-foot ceiling height, providing excellent vertical storage capacity. Access is convenient with one dock-high door for efficient loading and unloading. Parking is readily available with 15 or more spaces. The property boasts 100 feet of frontage on W 14 Mile Road, providing excellent visibility and accessibility. The zoning is designated as Industrial, allowing for a wide range of permitted uses. The property's APN is 25-05-127-013. The entire 4,800 square feet is currently vacant, making it ready for immediate occupancy. Its location near Coolidge provides easy access to major transportation routes. This is a single-tenant property, offering privacy and control. This warehouse is an excellent choice for businesses seeking a functional and well-located space in Royal Oak, MI, zip code 48073.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Total area
4,735 SF
Lot
0.25 ac (10,846 SF)
Zoning code
GEN IND
APN
72-25-05-127-015
UPID
US43-4425110
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
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
14 Mile West LLC · 1 yrs held
14 Mile West LLC
since 2024
Last sale
$905,000
3 recorded transactions
Zoning & alternative use
GEN IND · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$930,000
+142.7%
Retail stores
$800,000
+108.5%
Medical building
$745,000
+95.0%
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
$905,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$930,000
Change: +143% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +108% · Conversion: Moderate
MEDICAL BUILDING
$745,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$555,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $905k (Sep 4 2024)
Last sale anchor
$905k
Sep 4 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
$191 / 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
$6,605
Tax year 2023
Assessed value
$151,200
Assessed 2024
Previous assessed
$127,190
+18.9% YoY
Effective rate
4.37%
On assessed value
Total market value
$302,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Stories
1
Units
1
Total area
4,735 SF
Lot
0.25 ac (10,846 SF)
Zoning code
GEN IND
APN
72-25-05-127-015
UPID
US43-4425110
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GEN IND · Royal Oak, MI
Zoning GEN IND · permitted uses
GEN IND · 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
COMMERCIAL (GENERAL)
Est. value
$930,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$580,000
OFFICE BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1961
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
14 Mile West LLC
Entity
Mailing address
915 E MAPLE RD, BIRMINGHAM, MI 48009-6410
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 4, 2024
$905,000
14 Mile West LLC
Genereau Properties LLC
Warranty Deed
—
Sep 29, 1999
—
Genereau Properties LLC
Genereau,garry & Carol
Quit Claim Deed
related
—
—
—
Genereau Properties LLC
—
Deed Of Trust
related
$59,000 · Citizens Federal Bank Fsb
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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