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Property profile & analytics

29764 Woodward Ave Royal Oak, MI 48073

  • Commercial real estate
  • 4,000 SF
  • 0.16 lot acres
For Lease
Last Sale
May 19, 2025
Value Estimations
$685,000
Cap Rate Potential
Location Intelligence
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.

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
    Market price range: $481k - $1.02M
    AI Estimate
    $698,000
    Market 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 valuation — 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
More about this property
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