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Property profile & analytics

21420 Melrose Ave Southfield, MI 48075-5631

  • Retail space
  • 15,956 SF
  • 1.32 lot acres
OFF-MARKET
Last Sale
Aug 13, 2024
Value Estimations
$515,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0894375
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

  • General Chemical Performance / Chemical Plant
  • ServOnDemand / Legal Services
  • Forethought Financial Services / Financial Planner

Property Details for 21420 Melrose Ave

Year built
1986
Lot size
1.32 lot acres
Property size
15,956 SF
Zone code
I-L
Property type
Retail space
APN
76-24-34-327-031
APU
762434327031

Description

This exceptional 15,956-square-foot industrial property, located at 21420 Melrose Ave in Southfield, Michigan, presents a unique investment opportunity. Situated on a 1.32-acre lot, this single-tenant building boasts a flexible design suitable for various uses, including flex space, warehouse, and R&D. Built in 1986, the property features a 16-foot ceiling height, providing ample vertical space for storage or specialized equipment. The building includes one dock-high door for efficient loading and unloading. Currently configured as a data center, the property is easily de-commissioned to suit a new owner's needs. Significant power is available, with 1,000 amps and 480 volts, making it ideal for power-intensive operations. The warehouse is fully air-conditioned for optimal climate control. The rear lot is fully fenced, offering enhanced security and privacy. The property also includes 3,000 square feet of office space. The asking price is $1,196,700, translating to a price per square foot of $75. This property is zoned for industrial use and is located in Oakland County, Michigan, with a zip code of 48075. The property's location offers convenient access to major transportation routes and amenities.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $495,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $531,000
    Market price range: $492k - $2.71M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Southfield
County
Oakland
State
Michigan
Longitude
-83.2539
Latitude
42.4485
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
2022
$23,415
$57,940
$376,030
$433,970
-
$115,880
$752,060
$867,940
More about this property
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