Property profile

4209 Edgeland Ave Royal Oak, MI 48073

OFF-MARKET
Industrial properties
Property ID
US43-1138245
7,057 SF 0.33 ac lot Built 1961
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1961
Total area 7,057 SF
Lot 0.33 ac (14,505 SF)
Zoning code GEN IND
APN 72-25-05-177-004
UPID US43-1138245

Cap rate & NOI

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

Location

4209 Edgeland Ave Royal Oak, MI 48073-2214
Royal Oak metro Census 183300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$676k
Blend (final) Blend
$320k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

GEN IND · Royal Oak, MI
Top alternative use upside
Auto repair, garage $865,000 +51.4%
Office building $830,000 +44.9%
Neighborhood: shopping center $655,000 +14.9%

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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