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Property profile

423 Main St Royal Oak, MI 48067

OFF-MARKET
Office Spaces
Property ID
US43-1112102
6,413 SF 0.3 ac lot Built 2004
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2004
Total area 6,413 SF
Lot 0.3 ac (13,199 SF)
Zoning code NBHD BUS
APN 72-25-16-483-032
UPID US43-1112102

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Carpet & Flooring Store Hardware & Home Improvement
  • Law Firm
  • Marketing & Advertising Advertising Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.59M

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2014
$4.6M
2012
Price N/A
2004
Price N/A
2004
Price N/A
2001
Price N/A
1969
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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