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Property profile & analytics
OFF-MARKET Estimated value $825,000
Industrial properties

4310 Delemere Blvd Royal Oak, MI 48073-1819

10,002 SF 0.52 ac lot Built 1961
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US43-0135970
Property summary
AI-generated overview

This exceptional industrial property at 4310 Delemere Boulevard in Royal Oak, Michigan, offers 10,850 square feet of newly renovated warehouse and distribution space. The building is currently vacant and available for immediate occupancy. The space boasts a flexible layout, allowing for a single tenant to occupy the entire 10,850 square feet, or the possibility of dividing the space for two tenants, with a minimum divisible unit of 4,700 square feet. The high ceilings, ranging from 11 to 13 feet, provide ample vertical clearance for storage and operations. Four dock-high doors ensure efficient loading and unloading. The property features robust power capabilities, with 1000 amps and 240 volts available. Located in Royal Oak, MI, 48073, this property benefits from excellent access to major transportation routes. The building's clean and modern condition makes it an ideal space for a variety of industrial uses. An adjacent building, offering an additional 5,700 square feet, could potentially be included for a total of 16,500 square feet for the right tenant. This presents a unique opportunity to secure a significant amount of warehouse space in a prime location. Inquire today for more details and to schedule a viewing.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1961
Total area 10,002 SF
Lot 0.52 ac (22,564 SF)
Zoning code GEN IND
APN 72-25-05-182-004
UPID US43-0135970
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
$760k
Comparable Approach Comparable
$676k
Blend (final) Blend
$825k
Owner & transaction history
Think Tank 4 LLC · 3 yrs held
Think Tank 4 LLC
since 2022
Last sale
$875,000
3 recorded transactions
2022
$875,000
2022
$700,000
1969
Price N/A
Zoning & alternative use
GEN IND · Royal Oak, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.2M +51.4%
Office building $1.2M +44.9%
Neighborhood: shopping center $930,000 +14.9%
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