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Property profile

31668 Woodward Ave Royal Oak, MI 48073

OFF-MARKET
Commercial real estate
Property ID
US43-1740564
4,998 SF 0.15 ac lot Built 1950
Last sale Jun 2025 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,930 square foot retail property is located at 31668 Woodward Avenue in Royal Oak, Michigan, Oakland County (zip code 48073). The entire space is currently vacant, presenting a unique opportunity for a single tenant. Boasting prominent Woodward Avenue signage and situated on a 0.16-acre lot with 82 feet of frontage, this location benefits from high visibility and significant daily traffic exceeding 60,000 vehicles. The property includes ample parking with both street…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$10k
Tax billed · 2021
Assessed value · 2024$362k
Effective rate2.90%

Value estimate

· Oct 2026
$235k
$212k – $259k
Submarket $/SF estimate$934k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$120 – $255
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GEN BUS
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon12.9
Law Firm11.6
HVAC Service11.2

Location

31668 Woodward Ave Royal Oak, MI 48073-0935
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
32801 Woodward, Royal Oak, MI 48073-0956 $400,000 Aug 2024 2,249 SF
4732 Rochester, Royal Oak, MI 48073-2044 $900,000 May 2024 3,920 SF
30178 Woodward, Royal Oak, MI 48073-0910 $1,100,000 Jul 2023 4,570 SF
30642 Woodward, Royal Oak, MI 48073-0917 $900,000 Mar 2022 5,191 SF
32106 Woodward, Royal Oak, MI 48073-0942 $775,000 Mar 2022 3,837 SF
3125 Rochester, Royal Oak, MI 48073-3548 $295,000 Dec 2021 2,373 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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