Property profile

3135 13th Mile Rd Royal Oak, MI 48073

OFF-MARKET
Drive through restaurants
Property ID
US43-1048743
2,014 SF 0.59 ac lot Built 2001
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2001
Total area 2,014 SF
Lot 0.59 ac (25,744 SF)
Zoning code GEN BUS
APN 72-25-08-101-004
UPID US43-1048743

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop (Bike/Boat/Book/etc) Store

Location

3135 13th Mile Rd Royal Oak, MI 48073-2915
Royal Oak metro Census 183600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2019
6 recorded transactions
2019
$450,000
2001
$475,000
2001
$275,000
1998
Price N/A
1998
$55,000
1998
Price N/A

Zoning & alternative use

GEN BUS · Royal Oak, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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