Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2920 Oakwood Blvd Melvindale, MI 48122-1244

    • Medical offices
    • 925 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Feb 19, 2020
    $52,000
    Location Intelligence
    Property ID
    US43-1347092
    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

    • Computers CPR / Computer Repair Service / Computer Service
    • Client Aide, LLC / Bookkeeping Service / Accountant
    • SALVAGEDATA Recovery Services / Data Recovery Service

    Property Details for 2920 Oakwood Blvd

    Year built
    1954
    Lot size
    0.14 lot acres
    Property size
    925 SF
    Zone code
    R1 1 FA
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    47 006 02 0075 000
    APU
    47006020075000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $55,000

    • CAP approach

      CAP return
      Estimation
      6%
      $65,000
      6.5%
      $75,000
      7%
      $70,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $70,000
      Geo Method
      $70,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $65,000
      Retail
      $55,000
      Mixed-Use
      $65,000
      Hospitality
      $65,000
      Educational
      $70,000
      Residential Income
      $60,000
      Energy
      $60,000
      Income-Based Land
      $55,000
      Food Service
      $55,000

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1731
    Latitude
    42.2833
    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
    $3,691
    $0.00
    $0.00
    $44,900
    -
    $0.00
    $0.00
    $89,800

    Comparable in this City

    • Value Estimation by Request
      2,405 SF

      18590 Allen Rd

      DENTAL BUILDING • 2,405 SF
      18590 Allen Rd, Melvindale, MI 48122-1516
      View Details
    • Value Estimation by Request
      2,517 SF

      3113 Oakwood Blvd

      DENTAL BUILDING • 2,517 SF
      3113 Oakwood Blvd, Melvindale, MI 48122-1211
      View Details
    • Value Estimation
      $245,000
      1,777 SF

      3805 Oakwood Blvd

      MEDICAL BUILDING • 1,777 SF
      3805 Oakwood Blvd, Melvindale, MI 48122-1503
      View Details
    • Value Estimation by Request
      8,464 SF

      25005 Outer Dr

      MEDICAL BUILDING • 8,464 SF
      25005 Outer Dr, Melvindale, MI 48122-1991
      View Details
    • Value Estimation
      $345,000
      2,207 SF

      3702 Oakwood Blvd

      MEDICAL BUILDING • 2,207 SF
      3702 Oakwood Blvd, Melvindale, MI 48122-1502
      View Details
    • Value Estimation by Request
      1,768 SF

      17461 Allen Rd

      OFFICE BUILDING • 1,768 SF
      17461 Allen Rd, Melvindale, MI 48122-1026
      View Details

    Similar Nearby for Sale

    • $149,999

      Melvindale Commercial Land For Sale

      Prime location commercial land, great opportunity to start a business.
      19120 Dix Rd, Melvindale, MI 48122
      View Details
    • $164,999
      800 SF

      Turn-Key Salon in Melvindale, MI

      Salon in high-traffic area near Allen Road and Oakwood.
      18643 Allen Rd, Melvindale, MI 48122
      View Details
    • $399,900
      8,000 SF

      2439 Schaefer Rd, Melvindale, MI 48122

      Industrial properties • 8,000 SF
      2439 Schaefer Rd, Melvindale, MI 48122
      View Details
    • $420,000
      3,360 SF

      Dix Road Retail Opportunity

      Prime Melvindale Retail Space - $420,000
      17485 Dix Rd, Melvindale, MI 48122
      View Details
    • $420,000
      3,360 SF

      Retail Building with Ample Frontage

      Well-maintained retail building suitable for various business uses.
      17485 Dix Rd, Melvindale, MI 48122
      View Details
    • $300,000
      6,000 SF

      Historic Convent - Melvindale, MI

      6,000 SF Move-In Ready Convent
      19621 Wood St, Melvindale, MI 48122
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      102,400 SF

      Melvindale Distribution Building For Rent

      102,400 square foot distribution building available for lease.
      18765 Seaway Dr, Melvindale, MI 48122
      View Details
    • $7,900 /Mo

      Industrial Space with Main Road Exposure

      Clean, well-maintained industrial space with excellent main road exposure.
      17950 Allen Rd, Melvindale, MI 48122
      View Details
    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.
    2920 Oakwood Blvd
    Melvindale, MI 48122-1244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.