Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15695-15721 Leone Dr Macomb, MI

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    6,902 SF warehouse space for lease in Macomb.

    Type:INDUSTRIAL
    Property size:
    6,902 SF
    Lot size:
    36.34 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    140
    Last Refresh:
    Mar 29 at 10:19 pm

    Property Features for 15695-15721 Leone Dr

    General Information

    Standard status
    Active
    Size
    6,902 SF
    Lot size
    36.34 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 15695-15721 Leone Dr Contact us

    We can help!

    Listing Contact
    Joseph DePonio III, SIOR

    Listing agent Joseph DePonio III, SIOR

    Listing office L. Mason Capitani, Inc.

    Listing date Nov 12, 2025

    Source Moodyscre

    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.

    Overview

    Macomb Warehouse Space Available

    This property offers 6,902 square feet of warehouse space and is suitable for industrial purposes. It is located in Macomb, MI.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 51985 Hayes Rd, Shelby Township, MI 48315

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9708
    Latitude
    42.6776

    Nearby Similar for Lease

    • Contact for pricing

      Functional Industrial Space Available

      Light industrial space with open layout and convenient access.
      51477 Industrial, Macomb, MI 48042
      View Details
    • $18/mo

      Macomb Township Office Space Available

      Office spaces available from 1,221 to 15,000 SF for rent.
      45200 Card Rd, Macomb, MI 48044
      View Details
    • $12/mo

      Macomb Industrial Space Available

      Industrial property available for lease in Macomb, Michigan.
      51027-51045 Industrial Dr, Macomb, MI
      View Details
    • $13/mo

      Macomb Industrial Flex Space Available

      Flex/Industrial space available for lease in Macomb, Michigan.
      51005-51023 Industrial Dr, Macomb, MI
      View Details
    • $117/mo

      Clean Manufacturing Building For Rent

      Turn-key manufacturing building with office space and amenities.
      51223 Quadrate Drive, Macomb, MI 48042-4053
      View Details
    • Contact for pricing

      Turn-Key Macomb Office Space

      Private office space available for lease in Macomb, Michigan.
      15300 21 Mile, Macomb, MI 48044
      View Details
    • Contact for pricing

      New Industrial Building in Macomb

      New construction industrial building with tax abatement potential, available 2023.
      17201 Leone Dr | Macomb, MI 48042, MI 48042
      View Details
    • Contact for pricing

      Renovated Medical Suite For Rent

      Recently renovated medical suite with ample parking in healthcare corridor.
      18200 23 Mile Rd, Macomb, MI
      View Details
    • Contact for pricing

      Refurbished Duplex Building For Lease

      Refurbished duplex building with office and shop areas available for lease.
      15695-15721 Leone Drive, Macomb, MI 48042
      View Details
    • Contact for pricing

      Former Fitness Space For Rent

      Well-maintained fitness space with high ceilings and open floor plan.
      48812-48816 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Industrial

      46250 Erb Dr, Macomb, MI 48042
      View Details
    • Contact for pricing

      Retail Space in Lakeside Landing

      Retail and office spaces for rent in high-traffic area.
      16621 21 Mile Rd, Macomb, MI 48044
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6,902 SF warehouse space for lease in Macomb.
    Where is this warehouse located?
    The property is located at 15695-15721 Leone Dr Macomb, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 6,902 SF warehouse space available; Macomb location; Space for lease
    (586) 615-9434
    We can help!
    Listing Contact
    Joseph DePonio III, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!