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Property profile & analytics
FOR LEASE
Warehouses

3890 W 11 Mile Rd Berkley, MI 48072

6,637 SF 0.37 ac lot Built 1948
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US43-1135101
Property summary
AI-generated overview

This exceptional multi-use property at 3890 W Eleven Mile Rd in Berkley, Michigan offers 6,600 square feet of versatile space, ideal for a variety of businesses. Located in Oakland County, this building boasts a prime location and features a mix of traditional office, flex, and warehouse space. Currently, there are two suites available, with a minimum divisible space of 2,355 square feet and a maximum contiguous space of 2,506 square feet. A total of 4,861 square feet is currently vacant and ready for immediate occupancy. The property sits on a 0.37-acre lot and includes ample parking with 18 spaces. The building underwent renovations in 2023, ensuring modern amenities and functionality. The property's flexible layout caters to businesses needing a combination of office and warehouse space, or those seeking a traditional office environment. Its strategic location in Berkley provides easy access to major transportation routes and a thriving business community. The property is available for lease and offers a unique opportunity to establish or expand your business in a desirable location. The zip code is 48072.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1948
Total area 6,637 SF
Lot 0.37 ac (16,117 SF)
Zoning code II
APN 04-25-18-354-029
UPID US43-1135101
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
$681k
Blend (final) Blend
$615k
Owner & transaction history
Elaine Gough · 11 yrs held
Elaine Gough
since 2014
5 recorded transactions
2023
Price N/A
2018
Price N/A
2014
Price N/A
2005
$186,015
2000
$3,794
Zoning & alternative use
II · Berkley, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $815,000 +60.5%
Office building $780,000 +53.6%
Neighborhood: shopping center $620,000 +21.9%
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