Refurbished Flex Space with
For Sale
$1,985,000
15695-15721 Leone Dr, Macomb, MI 48042
Duplex commercial building combines updated office areas with shop space and M-1 zoning.
Property Size18,041 SF
Price / SF$110.03
Days on Market49
Property Features for 15695-15721 Leone Dr
General Information
Standard status
Active
Size
18,041 SF
Property subtype
Industrial
Zoning
M-1
Building Details
Building Size
18,041 SF
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Joseph DePonio
(586) 615-9434
Source:
Cpix.resimplifi
Added: Sep 1
Changed: Oct 12
Last Checked: Oct 19 at 3:14AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,041-square-foot duplex flex property includes refurbished office and shop areas within a divisible configuration. The building accommodates spaces ranging from 6,902 square feet to 18,041 square feet, with air lines, bus duct, and an exterior truckwell supporting industrial and service-oriented operations. M-1 zoning is in place.
The property also allows room for expansion, with up to an additional 10,000 square feet identified in the available configuration. Its combination of office, shop, loading, and building-service features supports a range of commercial users seeking adaptable space.
The property also allows room for expansion, with up to an additional 10,000 square feet identified in the available configuration. Its combination of office, shop, loading, and building-service features supports a range of commercial users seeking adaptable space.
Key Highlights
- 18,041 SF duplex flex building with refurbished office and shop areas
- Divisible configurations range from 6,902 SF to 18,041 SF
- Air lines and bus duct included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,279
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,580
$1.9M
Cap Rate 7%
$1,389,700
$1.4M
Cap Rate 9%
$1,080,878
$1.1M
Market Conditions
NOI Build-Up for 18,041 SF
Gross rent
$147.2K $8.16/SF
− Vacancy
−$8.2K −$0.46/SF
EGI
$139.0K $7.70/SF
− OpEx
−$41.7K −$2.31/SF
NOI
$97.3K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,580
Cap Rate 7%
$1,389,700
Cap Rate 9%
$1,080,878
Alternative Uses
Best Use
Flex RnD
$2.93M
$2.56M – $3.42M
NOI $204,906 @ 7.0% cap · market cap 10.32%
Second Best
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,279 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,430 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48042, MI
33,398
Population
12,067
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
1,465
Density / Sq Mi
$125,433
Median Household Income
$61,261
Median Earnings
$1,569
Median Rent
$374,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Luigi and Pedro Catering — 52266 Buckskin Dr, Macomb, MI 48042
Frequently Asked Questions
What type of property is this?
Flex space - Duplex commercial building combines updated office areas with shop space and M-1 zoning.
Where is this flex space located?
The property is located at 15695-15721 Leone Dr Macomb, MI.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 18,041 SF duplex flex building with refurbished office and shop areas; Divisible configurations range from 6,902 SF to 18,041 SF; Air lines and bus duct included
