Property profile

500 4th St Royal Oak, MI 48067

OFF-MARKET
Turn key restaurants
Property ID
US43-0597752
0.09 ac lot Built 1945
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1945
Lot 0.09 ac (3,833 SF)
Zoning code MIX USE 2
APN 72-25-22-133-034
UPID US43-0597752

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
  • Restaurant

Location

500 4th St Royal Oak, MI 48067-2847
Royal Oak metro Census 184400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k

Owner & transaction history

since 2024
Last sale
$825,000
4 recorded transactions
2024
Price N/A
2024
Price N/A
2023
$825,000
2021
Price N/A

Zoning & alternative use

MIX USE 2 · 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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