Financial
Distress signals
Property profile

4051 13th Mile Rd Royal Oak, MI 48073

OFF-MARKET
Commercial real estate
Property ID
US43-1387671
2,960 SF 0.22 ac lot Built 1970
Last sale Apr 2026 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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 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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$6k
Tax billed · 2021
Assessed value · 2024$175k
Effective rate3.68%

Value estimate

· Sep 2026
$225k
$203k – $248k

Realmo valuation models over county records and 7 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 comparables7

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?
NBHD BUS
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.2
HVAC Service11.0
Food Market10.6

Location

4051 13th Mile Rd Royal Oak, MI 48073-6618
County assessor Recorded deeds · 3 transfers 7 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
32799 Woodward, Royal Oak, MI 48073-0954 $400,000 Apr 2022 2,049 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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