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    Property profile & analytics

    31456 Woodward Ave Royal Oak, MI 48073-0931

    • Drive through restaurants
    • 2,437 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 14, 2023
    Location Intelligence
    Property ID
    US43-1576447
    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

    • Drive through restaurants

    Property Details for 31456 Woodward Ave

    Year built
    2013
    Lot size
    0.74 lot acres
    Property size
    2,437 SF
    Zone code
    GEN BUS
    Property type
    Drive through restaurants
    APN
    72-25-06-432-022
    APU
    722506432022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1891
    Latitude
    42.5216
    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
    $29,747
    $0.00
    $0.00
    $648,680
    -
    $0.00
    $0.00
    $1,297,360

    Comparable in this City

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      3,434 SF

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      DRIVE-THRU RESTAURANT, FAST FOOD • 3,434 SF
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    • Value Estimation by Request
      2,417 SF

      30403 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,417 SF
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      2,324 SF

      29968 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,324 SF
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    • Value Estimation by Request
      2,014 SF

      3135 13th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,014 SF
      3135 13th Mile Rd, Royal Oak, MI 48073-2915
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      1,440 SF

      3303 Campbell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,440 SF
      3303 Campbell Rd, Royal Oak, MI 48073-2803
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    • Value Estimation by Request
      1,185 SF

      4703 Crooks Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,185 SF
      4703 Crooks Rd, Royal Oak, MI 48073-1773
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail Property in Royal Oak

      Retail property available for sale in Royal Oak, Michigan.
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    Similar Nearby for Lease

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      Royal Oak Office Space For Lease

      Prime Royal Oak location, multiple suites available.
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      5,264 SF

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      Freestanding building, 1,150 sq ft, ample parking.
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      4,000 SF

      Retail Space on Woodward Avenue

      Well-maintained retail space with ample parking and high visibility.
      29764 Woodward Ave, Royal Oak, MI 48073
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      Royal Oak Commercial Space Available

      Commercial space available for rent in Royal Oak, Michigan.
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    • $38 SF/Yr
      4,750 SF

      Royal Oak Retail Space For Lease

      Prime Woodward Ave. Shopping Center
      30178 Woodward Ave, Royal Oak, MI 48073
      View Details
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    31456 Woodward Ave
    Royal Oak, MI 48073-0931
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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