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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Banks
501 Main St Royal Oak, MI 48067-2617
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1015454
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1925
Total area
6,220 SF
Lot
0.15 ac (6,578 SF)
Zoning code
CBD
APN
72-25-22-151-001
UPID
US43-1015454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vibe Credit Union eCenter Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$910k
Owner & transaction history
Main & Fifth Ventures LLC · 8 yrs held
Main & Fifth Ventures LLC
since 2018
6 recorded transactions
Zoning & alternative use
CBD · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+72.6%
Retail stores
$855,000
+30.8%
Restaurant
$850,000
+30.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Royal Oak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal Oak submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$650,000
Current use
COMMERCIAL (GENERAL)
$1,125,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +31% · Conversion: Difficult
RESTAURANT
$850,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$146 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$53,393
Tax year 2021
Assessed value
$1,533,660
Assessed 2024
Previous assessed
$377,780
+306.0% YoY
Effective rate
3.48%
On assessed value
Total market value
$3,067,320
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Stories
1
Total area
6,220 SF
Lot
0.15 ac (6,578 SF)
Zoning code
CBD
APN
72-25-22-151-001
UPID
US43-1015454
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Royal Oak, MI
Zoning CBD · permitted uses
CBD · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Oak. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$855,000
RESTAURANT
Est. value
$850,000
MEDICAL BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$580,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Main & Fifth Ventures LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7091 ORCH LK RD STE #260, WEST BLOOMFIELD, MI 48322-3651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Main & Fifth Ventures LLC
—
Deed
related
$1,750,000 · Vibe Credit Union
Sep 23, 2019
—
Main & Fifth Ventures LLC
—
Trustees Deed
related
$1,900,000 · Community Choice Cu
Feb 2, 2018
$1,500,000
Main & Fifth Ventures LLC
Main & Fifth Properties LLC
Warranty Deed
—
May 16, 2007
$1,800,000
Main & Fifth Properties LLC
Kramer Properties LLC
Corporation Deed
$1,400,000 · Lasalle Bank Midwest NA
Aug 3, 2004
—
Kramer Properties LLC
Kramer,charles R
Quit Claim Deed
related
—
May 17, 2003
—
Kramer Properties LLC
Kramer,charles R
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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