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    Property profile & analytics

    32906 Woodward Ave Royal Oak, MI 48073-0957

    • Turn key restaurants
    • 1,676 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 21, 2024
    Location Intelligence
    Property ID
    US43-1006166
    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

    • Bread Basket Deli / Deli / Sandwich Shop

    Property Details for 32906 Woodward Ave

    Year built
    1959
    Lot size
    0.10 lot acres
    Property size
    1,676 SF
    Zone code
    GEN BUS
    Property type
    Turn key restaurants
    APN
    72-25-06-126-042
    APU
    722506126042

    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
    -83.1984
    Latitude
    42.5313
    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
    $8,193
    $0.00
    $0.00
    $196,590
    -
    $0.00
    $0.00
    $393,180

    Comparable in this City

    • Value Estimation by Request
      2,521 SF

      29202 Woodward Ave

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    • Value Estimation by Request
      7,166 SF

      1824 14th Mile Rd

      RESTAURANT • 7,166 SF
      1824 14th Mile Rd, Royal Oak, MI 48073-1731
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      3,689 SF

      31542 Woodward Ave

      RESTAURANT • 3,689 SF
      31542 Woodward Ave, Royal Oak, MI 48073-0933
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      3,554 SF

      32286 Woodward Ave

      RESTAURANT • 3,554 SF
      32286 Woodward Ave, Royal Oak, MI 48073-0944
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    • Value Estimation by Request
      3,764 SF

      2600 14th Mile Rd

      RESTAURANT • 3,764 SF
      2600 14th Mile Rd, Royal Oak, MI 48073-1711
      View Details
    • Value Estimation by Request
      2,223 SF

      31568 Woodward Ave

      RESTAURANT • 2,223 SF
      31568 Woodward Ave, Royal Oak, MI 48073-0933
      View Details

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      Royal Oak Automotive Shop

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    Similar Nearby for Lease

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      Prime Royal Oak location, multiple suites available.
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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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      Royal Oak Retail Space For Lease

      Prime Woodward Ave. Shopping Center
      30178 Woodward Ave, Royal Oak, MI 48073
      View Details
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    32906 Woodward Ave
    Royal Oak, MI 48073-0957
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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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