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    OFF-MARKET
    Industrial properties

    4300 Delemere Blvd, Royal Oak, MI 48073-1811

    2,706 SF 0.36 ac lot Built 1960
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1187225
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Van Dyke Selective Steel Sales Factory Production Facility
    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
    Think Tank 4 LLC · 4 yrs held
    Think Tank 4 LLC
    since 2022
    2 recorded transactions
    2022
    2020
    Zoning & alternative use
    GEN IND · Royal Oak, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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