21455 Melrose Ave, Southfield, MI 48075
For Lease
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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.
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US Laboratories Medical Laboratory
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B Gallerie Hotel & Motel Resort
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Watchdog Security Security Service
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TS Tech Americas Inc., DSO Corporate Office
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CVS TRANSPORTATION SERVICES Handicapped Transportation Service Limousine Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-L · Southfield, MISouthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.