Manufacturing Facility with
140 E Pond Dr, Romeo, MI 48065
For Sale
New
$1,450,000
Factory and office areas are supported by three-phase power and a grade-level loading door.
Property Size13,776 SF
Lot Size0.86 Acres
Price / SF$105.26
Days on Market5
Property Features for 140 E Pond Dr
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Voltage
Three-Phase Power
Additional Details
Highway Access
Property Use
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Joseph DePonio
(586) 615-9434
Source:
Cpix.resimplifi
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of L. Mason Capitani, Inc.
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Investment Insights
Based on property information with market context.
This manufacturing facility contains 13,776 square feet, including 12,051 square feet of factory space and 1,725 square feet of office space. Equipment includes an exterior truckwell, a 12-by-14-foot grade-level door, and 240-volt, three-phase power. The roof warranty runs through 2046. Built in 1985, the property was renovated in 2019 and is zoned IND.
The site encompasses 0.861 acres and provides 125 feet of frontage, along with 20 parking spaces. It is located just off M-53 in Romeo, Michigan.
The site encompasses 0.861 acres and provides 125 feet of frontage, along with 20 parking spaces. It is located just off M-53 in Romeo, Michigan.
Key Highlights
- 13,776 square feet, including 12,051 SF of factory and 1,725 SF of office
- Exterior truckwell and 12'x14' grade‑level door
- 240‑volt, three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,002
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,040
$1.3M
Cap Rate 7%
$957,171
$957.2K
Cap Rate 9%
$744,467
$744.5K
Market Conditions
NOI Build-Up for 13,776 SF
Gross rent
$100.8K $7.32/SF
− Vacancy
−$5.1K −$0.37/SF
EGI
$95.7K $6.95/SF
− OpEx
−$28.7K −$2.08/SF
NOI
$67.0K $4.86/SF
Area
Macomb County, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,040
Cap Rate 7%
$957,171
Cap Rate 9%
$744,467
Alternative Uses
Best Use
Industrial
$957.2K
$837.5K – $1.12M
NOI $67,002 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,536 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 48065, MI
11,228
Population
4,672
Households
2.4
Avg Household Size
44
Median Age
34%
College-Educated
91%
High-School Grad
37.4 sq mi
ZIP Area
300
Density / Sq Mi
$104,348
Median Household Income
$47,892
Median Earnings
$1,047
Median Rent
$341,000
Median Home Value
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Market
Average Price Trend$/SF for Manufacturing properties in Macomb County, MI
Properties on Market for Manufacturing properties in Macomb County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Factory and office areas are supported by three-phase power and a grade-level loading door.
Where is this manufacturing property located?
The property is located at 140 E Pond Dr Romeo, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 13,776 square feet, including 12,051 SF of factory and 1,725 SF of office; Exterior truckwell and 12'x14' grade‑level door; 240‑volt, three‑phase power
