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Property profile & analytics

29732 Woodward Ave Royal Oak, MI 48073

  • Commercial real estate
  • 2,880 SF
  • 0.16 lot acres
For Lease
Last Sale
May 19, 2025
Value Estimations
$535,000
Cap Rate Potential
Location Intelligence
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.

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
    Market price range: $346k - $735k
    AI Estimate
    $616,000
    Market 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 valuation — 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
More about this property
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