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Property profile & analytics
OFF-MARKET Estimated value $1,410,000
Strip malls

30252 Woodward Ave Royal Oak, MI 48073-0994

13,456 SF 1.12 ac lot Built 2008
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US43-0693762
Property summary
AI-generated overview

This exceptional retail and restaurant opportunity is located in the highly desirable Woodwardside Plaza in Royal Oak, Michigan. The property boasts a total of 12,903 square feet, with 3,105 square feet currently available for lease. This space is a second-generation restaurant end-cap, perfectly positioned on Woodward Avenue, a major thoroughfare with a high traffic volume of 64,000 vehicles per day. The plaza benefits from its strategic location within a densely populated residential area, surrounded by over 60,000 homes within a one-mile radius, ensuring a strong customer base. Its proximity to Beaumont Hospital, Michigan's largest Beaumont campus with over 1,100 beds, further enhances its appeal and provides a significant source of potential clientele. The property offers excellent visibility and accessibility, complemented by convenient self-contained parking directly on Woodward Avenue. This prime location presents a unique opportunity for a restaurant operator to establish a thriving business in a vibrant and high-traffic area. The property is designated as a multi-tenant plaza, offering a dynamic and established commercial environment. This is a turnkey opportunity for a restaurant seeking a high-visibility location with ample parking and a strong surrounding demographic. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Total area 13,456 SF
Lot 1.12 ac (48,787 SF)
Zoning code GEN BUS
APN 72-25-08-176-024
UPID US43-0693762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$1.41M
Owner & transaction history
Afa Royal Oak II LLC
Afa Royal Oak II LLC
since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2021
Price N/A
2008
Price N/A
2001
Price N/A
1999
$63,953
1998
Price N/A
Zoning & alternative use
GEN BUS · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.3M +86.0%
Retail stores $2.3M +81.4%
Medical building $2.1M +69.6%
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