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Property profile

31542 Woodward Ave Royal Oak, MI 48073

OFF-MARKET
Turn key restaurants
Property ID
US43-1717569
3,689 SF 0.22 ac lot Built 1954
Entity Owned 24-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Total area 3,689 SF
Lot 0.22 ac (9,583 SF)
Zoning code GEN BUS
APN 72-25-06-430-004
UPID US43-1717569

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$652k
Blend (final) Blend
$190k

Owner & transaction history

Zoning & alternative use

GEN BUS · Royal Oak, MI
Top alternative use upside
Commercial (general) $725,000 +13.5%

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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