Property profile

4940 Delemere Ave Royal Oak, MI 48073

OFF-MARKET
Industrial properties
Property ID
US43-5243080
4,010 SF 0.23 ac lot Built 1967
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,010-square-foot single-tenant property, located at 4940 Delemere Ave in Royal Oak, Michigan, presents a unique opportunity for businesses seeking a combined office and warehouse space. Built in 1967, the building boasts a desirable industrial zoning (20-32-378-031 APN) and offers ample space for various operational needs. The property features a spacious layout with a significant 15-foot ceiling height in the warehouse area, providing excellent storage and operational flexibility. The office component is ideal for executive functions and administrative tasks. Nine parking spaces are available on-site for employees and visitors. The entire 4,010 square feet is currently vacant and ready for immediate occupancy. This property is perfectly suited for a company requiring both office and warehouse functionality in a single, convenient location. Its strategic location in Royal Oak, Michigan, zip code 48073, offers easy access to major transportation routes and a thriving business community. This is a rare opportunity to secure a well-maintained, single-tenant industrial/office building in a prime location. Contact us today to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1967
Total area 4,010 SF
Lot 0.23 ac (9,888 SF)
Zoning code GEN IND
APN 72-20-32-378-031
UPID US43-5243080

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
  • Engineer

Location

4940 Delemere Ave Royal Oak, MI 48073-1015
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
$575k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2024
$575,000
2003
Price N/A
2003
$300,000
1969
Price N/A
1969
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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