Property profile

4300 Delemere Blvd Royal Oak, MI 48073

OFF-MARKET
Industrial properties
Property ID
US43-1187225
2,706 SF 0.36 ac lot Built 1960
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,650-square-foot warehouse, located at 4300 Delemere Boulevard, presents a fantastic leasing opportunity. The property is a single-tenant industrial space, ideal for a variety of distribution or warehousing needs. The building boasts a two-story design, offering ample space for both storage and office functions. The warehouse features a generous 13-foot clear ceiling height, facilitating efficient storage and movement of goods. Access is provided by one 12x12 grade-level door. Power is readily available with a 400-amp, 240-volt service. The building has undergone a complete renovation, ensuring a clean and move-in ready condition for the new tenant. Approximately 2,112 square feet is dedicated to office space. The lease rate is $16.95 per square foot, NNN. An adjacent building, directly to the north, is also available for lease, adding an additional 10,850 square feet for a total of 16,500 square feet should the tenant require more space. This property offers a unique combination of size, functionality, and location, making it an attractive option for businesses seeking efficient and modern warehouse space. The property is completely renovated and ready for immediate occupancy.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1960
Total area 2,706 SF
Lot 0.36 ac (15,551 SF)
Zoning code GEN IND
APN 72-25-05-182-005
UPID US43-1187225

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Location

4300 Delemere Blvd Royal Oak, MI 48073-1811
Royal Oak metro Census 183000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2020
Price N/A

Zoning & alternative use

GEN IND · Royal Oak, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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