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Property profile & analytics
OFF-MARKET
Retail space
3650 11th Mile Rd, Berkley, MI 48072-1002
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1054943
Property summary
AI-generated overview
This 2,245-square-foot warehouse, located at 3650 W Eleven Mile Rd in Berkley, Michigan (zip code 48072), is available for lease. The property sits on a 0.09-acre lot and is classified as Light Industrial zoning within Oakland County. Originally constructed in 1946, the building underwent renovations in 2018. The entire 2,245 square feet is currently vacant and ready for immediate occupancy. The property is a single-tenant space, ideal for a business seeking a dedicated industrial space. Annual property taxes are $5,591.05. The building's precise location is 42.4888416 latitude and -83.1958032 longitude. This warehouse presents a unique opportunity for businesses seeking a well-maintained space in a convenient Berkley location. Interested parties should inquire for lease terms and conditions.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
2,245 SF
Lot
0.09 ac (3,920 SF)
Zoning code
II
APN
04-25-18-377-032
UPID
US43-1054943
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Armadillo H Investments LLC · 1 yrs held
Armadillo H Investments LLC
since 2025
Last sale
$270,000
5 recorded transactions
Zoning & alternative use
II · Berkley, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Berkley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,647
Tax year 2023
Assessed value
$103,870
Assessed 2024
Previous assessed
$99,500
+4.4% YoY
Effective rate
5.44%
On assessed value
Total market value
$207,740
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,245 SF
Lot
0.09 ac (3,920 SF)
Zoning code
II
APN
04-25-18-377-032
UPID
US43-1054943
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Berkley, MI
Zoning II · permitted uses
II · Berkley, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berkley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Armadillo H Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3861 12TH MILE RD, BERKLEY, MI 48072-1115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Armadillo H Investments LLC
Larry E Zimberg
Warranty Deed
—
Mar 27, 2025
$270,000
Zaman Development LLC
Armadillo II Investments LLC
Warranty Deed
—
Jul 6, 2022
—
Armadillo II Investments LLC
Larry E Zimberg
Land Contract
—
Feb 24, 2017
$150,000
Larry E Zimberg
Malover Justine Trust
Warranty Deed
—
Jun 13, 2014
—
Malover,justine Trust
Malover,henry J & Justine M
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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