Financial
Distress signals
Property profile

915 S Washington Ave Royal Oak, MI 48067

FOR LEASE
Retail residential properties
Property ID
US43-0865032
3,238 SF 0.1 ac lot Built 1960
Last sale Dec 2018 · $220,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. 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

Located in downtown Royal Oak, this renovated live/work building includes first-floor retail/office space and a second-floor two-bedroom apartment. The structure was expanded and totals 3,270 square feet of building area, with an additional 1,635 square feet of finished lower-level space not included in the stated square footage. The property has a replaced roof and updates to mechanical systems and windows, along with a parking lot and an installed fire suppression system.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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$300k
Effective rate1.98%

Value estimate

· Sep 2026
$185k
$167k – $204k
Sales comparison$781k
NOI build-up
Gross scheduled income$10k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 46,900.00% cap applied$6k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$189/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$116 – $248
Qualifying comparables7

Cap rate analysis

How does the asset earn?
46,900.00%
$6k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MIX USE 2
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market10.7
Convenience Store10.3
Kitchen & Bath10.2

Location

915 S Washington Ave Royal Oak, MI 48067
County assessor Recorded deeds · 2 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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