Financial
Distress signals
Property profile

28074 Woodward Ave Royal Oak, MI 48067

FOR LEASE
Commercial real estate
Property ID
US43-5271704
5,964 SF 0.14 ac lot Built 1952
Last sale Mar 2024 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Royal Oak retail property, located at 28074 Woodward Avenue, offers a single-tenant space situated on a 5,947 square foot lot. Built in 1952, this one-story building features a brand new storefront and is zoned B1. The property boasts high visibility and excellent foot traffic due to its prime Woodward Avenue location in the vibrant city of Royal Oak, Michigan, zip code 48067. The interior offers a spacious, open layout perfect for retail or office use, enhanced by expansive…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$15k
Tax billed · 2021
Assessed value · 2024$379k
Effective rate3.92%

Value estimate

· Sep 2026
$500k
$450k – $550k
AI approach$500k
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$9k
Operating expenses−$28k
NOI · 320,875.00% cap applied$64k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$189/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$116 – $248
Qualifying comparables18

Cap rate analysis

How does the asset earn?
320,875.00%
$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GEN BUS
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.5
Restaurant17.4
HVAC Service15.4

Location

28074 Woodward Ave Royal Oak, MI 48067
County assessor Recorded deeds · 6 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
820 Washington, Royal Oak, MI 48067-3286 $380,000 Dec 2025 3,455 SF
28530 Woodward, Royal Oak, MI 48067-0938 $465,250 Jan 2024 3,482 SF
1109 Washington, Royal Oak, MI 48067-3219 $368,080 Aug 2023 3,516 SF
225 Main, Royal Oak, MI 48067-2656 $1,725,000 Nov 2022 6,480 SF
28096 Woodward, Royal Oak, MI 48067-0933 $450,000 Jul 2022 5,964 SF
939 Main, Royal Oak, MI 48067-1839 $395,000 Jan 2022 3,415 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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