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    Property profile & analytics

    3490 12 Mile Rd Berkley, MI 48072

    • Commercial real estate
    • 0.60 lot acres
    For Sale
    View listing
    $5,900,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-0934529
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3490 12 Mile Rd

    Lot size
    0.60 lot acres
    Zone code
    BV
    Property type
    Commercial real estate
    APN
    04-25-07-384-041
    APU
    42507384041

    Description

    This exceptional 69,878 square foot industrial property, situated on a 2.6-acre lot in the heart of Berkley, MI, presents a rare investment opportunity. Its highly visible location on 12 Mile Road offers unparalleled accessibility and exposure, with multiple parking lot entrances ensuring convenient access for both employees and customers. The property boasts easy access to Woodward Avenue and is within walking distance of Royal Oak Beaumont, placing it in a vibrant and densely populated area with 15,366 residents and significant daily foot traffic. The expansive space is adaptable to a variety of uses, making it an ideal candidate for redevelopment. The property uniquely includes a parking garage, a significant advantage in this location. The city's plan proposes developing the site into a luxury high-rise condominium complex with ground-level retail, showcasing the immense potential for future development. This is a truly unique opportunity to acquire a substantial industrial property in a thriving community with significant upside potential. The property's size, location, and adaptability make it a compelling investment for discerning buyers seeking a high-impact asset in a prime location. The existing structure offers immediate occupancy potential, while the zoning and location provide a clear path for future development.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berkley
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1952
    Latitude
    42.5037
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,653
    $0.00
    $0.00
    $125,500
    -
    $0.00
    $0.00
    $251,000

    Comparable in this City

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    • Value Estimation by Request
      0.23 Acres

      3448 11th Mile Rd

      COMMERCIAL (GENERAL) • 0.23 Acres
      3448 11th Mile Rd, Berkley, MI 48072-1210
      View Details
    • Value Estimation by Request
      0.82 Acres

      1949 12th Mile Rd

      COMMERCIAL (GENERAL) • 0.82 Acres
      1949 12th Mile Rd, Berkley, MI 48072-1868
      View Details
    • Value Estimation by Request
      0.10 Acres

      4030 12th Mile Rd

      COMMERCIAL (GENERAL) • 0.10 Acres
      4030 12th Mile Rd, Berkley, MI 48072
      View Details

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    Similar Nearby for Lease

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    3490 12 Mile Rd
    Berkley, MI 48072
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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
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