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Property profile & analytics
OFF-MARKET
Drive through restaurants
31105 Woodward Ave, Royal Oak, MI 48073-0926
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1105983
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1968
Total area
1,963 SF
Lot
0.46 ac (20,038 SF)
Zoning code
GEN BUS
APN
72-25-06-455-006
UPID
US43-1105983
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
Current use
Occupant on record · Public records
-
Gus’s World Famous Fried Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wood Avenue Investments LLC · 14 yrs held
Wood Avenue Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
GEN BUS · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Royal Oak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Oak submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,111
Tax year 2023
Assessed value
$401,910
Assessed 2024
Previous assessed
$314,380
+27.8% YoY
Effective rate
3.51%
On assessed value
Total market value
$803,820
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,963 SF
Lot
0.46 ac (20,038 SF)
Zoning code
GEN BUS
APN
72-25-06-455-006
UPID
US43-1105983
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GEN BUS · Royal Oak, MI
Zoning GEN BUS · permitted uses
GEN BUS · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Oak. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Wood Avenue Investments LLC
Entity
Free & Clear · 14 yrs held
Mailing address
6898 MAPLE CRK BLVD, W BLOOMFIELD, MI 48322-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2011
—
Wood Avenue Investments LLC
31105 Management LLC
Warranty Deed
—
Nov 20, 2009
—
31105 Management LLC
Karcho-polselli,hanna
Quit Claim Deed
related
—
Jun 11, 2002
$83,800
Mohave Plantations INC
Winston,judith
Quit Claim Deed
related
—
Jun 11, 2002
$16,620
Mohave Plantations INC
Blanche Pollack Family Ltd
Quit Claim Deed
related
—
Jun 11, 2002
$8,310
Mohave Plantations INC
Winston-levin,debra
Quit Claim Deed
related
—
Jun 11, 2002
$83,090
Mohave Plantations INC
Rochester Apartments Co
Quit Claim Deed
related
—
Jun 11, 2002
$41,540
Mohave Plantations INC
Novitz,carol
Quit Claim Deed
related
—
Jun 11, 2002
—
Avern Cohn
Mohave Plantations INC
Quit Claim Deed
related
—
Jun 11, 2002
$300,000
Hanna Polselli
Cohn,avern & Lois
Grant Deed
—
—
—
Hanna Karhco-polselli
—
Deed Of Trust
related
$2,000,000 · Independent Bank
—
—
Hanna Karcho-polselli
—
Deed Of Trust
related
$700,000 · Independent Bank East Michigan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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