29732 Woodward Ave Royal Oak, MI 48073-0906
Property profile & analytics
29732 Woodward Ave Royal Oak, MI 48073-0906
- Commercial real estate
- 2,880 SF
- 0.16 lot acres
Property ID
US43-1793771
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 29732 Woodward Ave
- Year built
- 1974
- Lot size
- 0.16 lot acres
- Property size
- 2,880 SF
- Zone code
- GEN BUS
- Property type
- Commercial real estate
- APN
- 72-25-08-326-025
- APU
- 722508326025
Description
This exceptional 2,880-square-foot retail space is ideally situated on Woodward Avenue in Royal Oak, Michigan, offering unparalleled visibility and accessibility. The single-tenant building, constructed in 1974, boasts a Class B rating and is situated on a 0.16-acre lot. The property features a spacious, open floor plan with high ceilings, providing flexibility for a variety of retail uses. Ample parking is available with 18 spaces total, including 13 dedicated spaces and 5 municipal spaces. The building is well-maintained and benefits from high-visibility signage directly on Woodward Avenue, ensuring strong brand exposure. The property's location within Royal Oak offers access to a robust and desirable demographic, coupled with excellent traffic flow along Woodward Avenue, a major thoroughfare. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a prime retail location in a thriving Michigan community. The building is a single-story structure. Oakland County location provides access to a strong local economy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $430,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $649,000
- AI Estimate
- $616,000
Market price range: $346k - $735kMarket price range: $320k - $735k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $565,000 Current use
- RETAIL STORES
- $485,000 Change: -14% Conversion: Easy
- MEDICAL BUILDING
- $455,000 Change: -20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1773
- Latitude
- 42.5094
- 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
2021
$8,835
$0.00
$0.00
$251,760
-
$0.00
$0.00
$503,520
