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Property profile

4051 13th Mile Rd Royal Oak, MI 48073

OFF-MARKET
Commercial real estate
Property ID
US43-1387671
View Sample
2,960 SF 0.22 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional freestanding retail storefront, located at 4051 W. 13 Mile Road in Royal Oak, Michigan, presents a compelling investment opportunity. The property boasts 2,960 square feet of space, currently 100% occupied, within a single-story building constructed in 1970. Situated on a 0.22-acre lot, the property offers convenient on-site parking for approximately 10 vehicles. The building features a 13-foot ceiling height, providing ample space and flexibility for a variety of retail uses. Its prime location in Royal Oak, ideally situated between Royal Oak and Birmingham, offers excellent visibility and accessibility. The property's proximity to Corewell Health - Beaumont Royal Oak Hospital further enhances its desirability and potential for strong tenant occupancy. The asking price is $665,000, translating to approximately $224.66 per square foot. This represents a significant opportunity for both business owners seeking a well-established location and investors looking for a strong return on investment in a thriving market. The property is zoned for retail use. Please note: Do not approach current business employees or enter the store without prior arrangement.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Total area 2,960 SF
Lot 0.22 ac (9,757 SF)
Zoning code NBHD BUS
APN 72-25-07-126-001
UPID US43-1387671

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2026
3 recorded transactions
2026
$300,000
2025
Price N/A
2025
Price N/A

Zoning & alternative use

NBHD 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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