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    21455 Melrose Ave Southfield, MI 48075

    Sponsored
    For Lease
    $7 SF/Yr

    Versatile Office & Industrial Space in Southfield, MI

    Lot size:
    378,762 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Southfield, Michigan property, located at 21455 Melrose Ave, 48075, offers a diverse range of office and industrial spaces totaling 378,762 square feet. Built in 1986 and renovated in 1990, the property features multiple tenancies and currently has 20,529 square feet of vacant space available, ranging from 1,312 to 12,430 square feet. The building boasts a 16-foot ceiling height and abundant onsite parking. The property is classified as Traditional Office, Executive Office, Flex, Warehouse, and R&D space, making it suitable for a variety of businesses. Located in Oakland County, this property presents a unique opportunity for businesses seeking flexible and adaptable space. Rent is quoted on a triple-net (NNN) basis, with estimated NNN charges of approximately $4.25 per square foot annually, billed monthly. A $0.25 per square foot annual rent increase is subject to the lease. The quoted rent is for "as is" space and is subject to lease length and leasehold improvements. Gas and electric are separately metered and are the tenant's responsibility. The rental rate is subject to change based on tenant leasehold improvement requirements.

    Property Features for 21455 Melrose Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    378,762 SF
    Total Rate
    238304.43

    Building Details

    Year Built/Renovated
    1986/1990

    Unit(s) available at that property

    Space
    Building B (21286)
    Size
    4,795 SF
    Rate per SF
    $10
    Space
    Building R - Suite 10 (21455)
    Size
    3,920 SF
    Rate per SF
    $10
    Space
    Building B (21286 & 21290)
    Size
    12,430 SF
    Rate per SF
    $8
    Space
    21800 - Building M - Suite 5
    Size
    2,867 SF
    Rate per SF
    $12
    Space
    20840 - Building N - Suite 3
    Size
    1,312 SF
    Rate per SF
    $12
    Space
    Building B (21290)
    Size
    7,635 SF
    Rate per SF
    $7

    HighLights

    • New ownership and management team.
    • Modern office and R&D/flex space available.
    • Suites from 1,312 to 12,430 square feet.
    • Building signage opportunities available.
    • Excellent freeway access (I‑75, I‑696, M‑10).
    • 24/7 secure access with onsite security.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Laboratories Medical Laboratory B Gallerie Event Venue Watchdog Security Security Guard Service TS Tech Americas ... Corporate Office CVS TRANSPORTATION SERVICES Handicapped Transportation Service

    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
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2398943
    Latitude
    42.4595697

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    FAQs

    What type of property is this?
    Life science property - Versatile Office & Industrial Space in Southfield, MI
    Where is this life science property located?
    The property is located at 21455 Melrose Ave Southfield, MI.
    What is the lease rate?
    The lease rate is $7-$12 SF/Yr.
    What are key features of this property?
    This property features: New ownership and management team.; Modern office and R&D/flex space available.; Suites from 1,312 to 12,430 square feet.
    Request Owner's contact information
    21455 Melrose Ave Southfield, MI 48075
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    Southfield, MI 48075
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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
    21455 Melrose Ave Southfield, MI 48075
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