Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2720 14th Mile Rd Royal Oak, MI 48073-1713
    Back to Search
    Property profile & analytics

    2720 14th Mile Rd Royal Oak, MI 48073-1713

    View on Map
    • Industrial properties
    • 41,747 SF
    • 2.39 lot acres
    Off-Market
    Property ID
    US43-0248653
    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.
    Value Estimations
    $1,995,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vogue Furniture / Production Facility / Furniture & Home Goods
    • Arlo Modular / Production Facility / Furniture & Home Goods

    Property Details for 2720 14th Mile Rd

    Year built
    1954
    Lot size
    2.39 lot acres
    Property size
    41,747 SF
    Zone code
    GEN IND
    Property type
    Industrial properties
    APN
    72-20-32-301-023
    APU
    722032301023

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,459,000
      Market price range: $2.22M - $4.47M
      AI Estimate
      $1,530,000
      Market price range: $977k - $3.37M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1789
    Latitude
    42.5338
    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
    $29,974
    $0.00
    $0.00
    $894,850
    -
    $0.00
    $0.00
    $1,789,700

    Comparable in this City

    • Value Estimation by Request
      3,250 SF

      2727 14th Mile Rd

      INDUSTRIAL (GENERAL) • 3,250 SF
      2727 14th Mile Rd, Royal Oak, MI 48073-1712
      View Details
    • Value Estimation
      $3,080,000
      70,975 SF

      4850 Coolidge Hwy

      INDUSTRIAL (GENERAL) • 70,975 SF
      4850 Coolidge Hwy, Royal Oak, MI 48073-1022
      View Details
    • Value Estimation by Request
      1,317 SF

      4226 Blair Ave

      INDUSTRIAL (GENERAL) • 1,317 SF
      4226 Blair Ave, Royal Oak, MI 48073-2711
      View Details
    • Value Estimation by Request
      2,106 SF

      4922 Delemere Ave

      INDUSTRIAL (GENERAL) • 2,106 SF
      4922 Delemere Ave, Royal Oak, MI 48073-1015
      View Details
    • Value Estimation by Request
      2,060 SF

      4906 Delemere Ave

      INDUSTRIAL (GENERAL) • 2,060 SF
      4906 Delemere Ave, Royal Oak, MI 48073-1015
      View Details
    • Value Estimation by Request
      4,373 SF

      4830 Delemere Ave

      INDUSTRIAL (GENERAL) • 4,373 SF
      4830 Delemere Ave, Royal Oak, MI 48073-1003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,388 SF

      Updated Duplex Near Downtown

      Well-maintained duplex with updated kitchens, new roof, and separate utilities.
      506 W 12 Mile Rd, Royal Oak, MI 48073
      View Details
    • Contact for pricing
      1,500 SF

      Royal Oak Office For Sale

      Office unit with 1,500 square feet of space.
      3101 Rochester Rd, Royal Oak, MI 48073
      View Details
    • Contact for pricing
      12,100 SF

      Royal Oak Commercial Property Opportunity

      Commercial property with flexible floor plans and abundant natural light.
      32778 Woodward Ave, Royal Oak, MI 48073
      View Details
    • Contact for pricing

      Royal Oak Corner Development Opportunity

      Prime corner lot in Royal Oak, suitable for development.
      3310 N Main St, Royal Oak, MI 48073
      View Details
    • $2,600,000

      Royal Oak Stabilized Apartment Building

      Fully occupied, renovated 14-unit apartment building in Royal Oak, Michigan.
      3915 Devon Rd, Royal Oak, MI 48073
      View Details
    • $839,500
      Pending

      Royal Oak Commercial Property on Woodward

      Versatile property on Woodward Avenue suitable for various commercial uses.
      32044 Woodward Ave, Royal Oak, MI 48073
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Royal Oak Flex Space Available

      1,600 SF flex space for lease in Royal Oak.
      2605 W 14 Mile Rd, Royal Oak, MI 48073
      View Details
    • $6 SF/Yr

      Industrial Space with Crane Capacity

      211,505 SF industrial space with heavy power and cranes.
      2800 W 14 Mile Rd, Royal Oak, MI 48073
      View Details
    • Contact for pricing

      Retail Building on Woodward Avenue

      Split-level retail building with frontage on Woodward Avenue.
      32128 Woodward Ave, Royal Oak, MI 48073
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Royal Oak, Michigan.
      31205 Woodward Ave, Royal Oak, MI 48073
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      2.7k
    • Avg Time on site
      12 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2720 14th Mile Rd
    Royal Oak, MI 48073-1713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2720 14th Mile Rd, Royal Oak, MI, 48073
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!