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    51131 Simone Industrial Dr Shelby Township, MI 48316

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    For Lease
    $7 SF/Yr ($16,840 /Mo)

    New industrial building proposed for lease in Shelby Township.

    Property size:
    25,420 SF
    Lot size:
    8.30 Acres

    Property Features for 51131 Simone Industrial Dr

    General Information

    Size
    25,420 SF
    Lot size
    8.30 Acres

    Source: Lee & Associates of Michigan Agent Giancarlo Pinterpe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building For Lease

    A new industrial building is proposed for construction in 2021. The site, located in Shelby Township, can accommodate a building of up to 57,120 square feet, which has already been approved by the Township. The property offers 25,420 square feet of space and is intended for industrial use. There is a possible option to purchase the property after the initial lease term expires.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0451148
    Latitude
    42.6704307

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    FAQs

    What type of property is this?
    Warehouse - New industrial building proposed for lease in Shelby Township.
    Where is this warehouse located?
    The property is located at 51131 Simone Industrial Dr Shelby Township, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - New industrial building proposed for 2021; - Approved for up to 57,120 sf, accommodates up to 57,120sf; - Approved by the Township
    (248) 561-5748
    Request Owner's contact information
    51131 Simone Industrial Dr Shelby Township, MI 48316
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51131 Simone Industrial Dr Shelby Township, MI 48316
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