29764 Woodward Ave Royal Oak, MI 48073-0906
Property profile & analytics
29764 Woodward Ave Royal Oak, MI 48073-0906
- Commercial real estate
- 4,000 SF
- 0.16 lot acres
Property ID
US43-1349553
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 29764 Woodward Ave
- Year built
- 1952
- Lot size
- 0.16 lot acres
- Property size
- 4,000 SF
- Zone code
- GEN BUS
- Property type
- Commercial real estate
- APN
- 72-25-08-326-024
- APU
- 722508326024
Description
This exceptional 4,000-square-foot retail space, located at 29764 Woodward Avenue, presents a unique opportunity for a discerning tenant. Built in 1952 and extensively renovated in 2022, the single-story building boasts a spacious, open floor plan with high ceilings, offering maximum flexibility for a variety of retail uses. The property sits on a 0.16-acre lot and includes ample parking with 13 dedicated spaces supplemented by 5 municipal parking spots, ensuring convenient access for customers and employees. The building's prime location on Woodward Avenue provides exceptional visibility and high traffic counts, guaranteeing strong exposure for your business. The area demographics are robust, promising a substantial customer base. The property's recent renovation ensures a move-in ready condition, eliminating the need for costly upgrades. This is a rare opportunity to secure a well-maintained, highly visible retail space in a thriving commercial area. The open floor plan and high ceilings offer significant design flexibility, allowing for customization to suit your specific business needs. The combination of excellent location, ample parking, and recent renovations makes this property an ideal choice for a variety of retail ventures. Don't miss this chance to establish your business in a prime Woodward Avenue location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $430,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $675,000
- 6.5%
- $625,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $736,000
- AI Estimate
- $698,000
Market price range: $481k - $1.02MMarket price range: $444k - $1.02M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $785,000 Current use
- RETAIL STORES
- $675,000 Change: -14% Conversion: Easy
- MEDICAL BUILDING
- $630,000 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
- -83.1775
- Latitude
- 42.5096
- 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
$10,600
$0.00
$0.00
$285,270
-
$0.00
$0.00
$570,540
