24601 Capital Blvd Clinton Township, MI 48036-1345
Property profile & analytics
24601 Capital Blvd Clinton Township, MI 48036-1345
- Flex space
- 80,160 SF
- 3.84 lot acres
Property ID
US43-0168613
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.
Location Intelligence
Current Use by Public Records
- Flex space
Property Details for 24601 Capital Blvd
- Year built
- 1995
- Lot size
- 3.84 lot acres
- Property size
- 80,160 SF
- Zone code
- I-1
- Property type
- Flex space
- APN
- 16-11-01-276-018
- APU
- 161101276018
Description
This fee-simple industrial property in Clinton Township, Michigan, offers a compelling investment opportunity. The 80,160-square-foot building, constructed in 1995 and 2003, sits on a 3.836-acre lot and is zoned I-1 Light Industrial. Currently 100% occupied by Plast-O-Foam, a Tier I automotive supplier, under a Net Lease (NNN) agreement, the property boasts a strong 12.6-year remaining lease term with two five-year options. The lease includes annual 2% rent bumps, ensuring consistent income growth. The building features two stories, eight loading docks, four dock-high doors, and a 30-foot ceiling height. Plast-O-Foam, a long-term tenant since 2003, operates this location as its corporate headquarters, highlighting the property's mission-critical nature. The property enjoys a highly desirable location just off I-94, benefiting from significant daily traffic volume exceeding 78,000 vehicles. The current Net Operating Income (NOI) stands at $509,583, representing an attractive below-market rent. This passive investment opportunity presents minimal landlord responsibilities, making it an ideal addition to any portfolio. The property's strong tenant, long-term lease, and strategic location combine to create a secure and profitable investment. The property's APN is 16-11-01-276-018.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,858,000
- AI Estimate
- $4,858,000
Market price range: $4.86M - $7.58MMarket price range: $4.86M - $7.58M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,985,000 Current use
- OFFICE BUILDING
- $7,600,000 Change: +27% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,895,000 Change: +15% Conversion: Easy
- WAREHOUSE, STORAGE
- $5,405,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8587
- Latitude
- 42.6234
- 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
$121,155
$0.00
$0.00
$2,235,900
-
$0.00
$0.00
$4,471,800
