Clear-Span Flex
For Sale
Contact for pricing
46266 Erb Drive, Macomb, MI 48042
Clear-span industrial space with epoxy flooring, natural light, and no existing office buildout.
Property Size5,357 SF
Price / SF$2.08
Days on Market52
Property Features for 46266 Erb Drive
General Information
Standard status
Active
Size
5,357 SF
Additional Details
Highway Access
Yes
Amenities
natural daylight
Building Details
Construction
Clear Span
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Anthony U Rubino · License #6502425251
(586) 873-5419
Source:
Jimdehaan
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 8:57AM
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 Pilot Property Group - Residential LLC
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 5,357 SF flex space offers a clear-span interior with epoxy flooring throughout and substantial natural daylight. The unit is clean and positioned for occupancy, while the interior remains free of an office buildout, allowing future users to plan that component around their needs.
The property occupies the corner of Erb Dr. and Gratiot in Macomb, MI, with exposure along Gratiot. It is south of 21 Mile and provides access to I-94 and M-59/Hall Rd. The building is located at 46266 Erb Drive.
The property occupies the corner of Erb Dr. and Gratiot in Macomb, MI, with exposure along Gratiot. It is south of 21 Mile and provides access to I-94 and M-59/Hall Rd. The building is located at 46266 Erb Drive.
Key Highlights
- 5,357 SF flex space
- Clear‑span construction with epoxy flooring throughout
- Corner location at Erb Dr. and Gratiot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,886
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,720
$577.7K
Cap Rate 7%
$412,657
$412.7K
Cap Rate 9%
$320,956
$321.0K
Market Conditions
NOI Build-Up for 5,357 SF
Gross rent
$43.7K $8.16/SF
− Vacancy
−$2.4K −$0.46/SF
EGI
$41.3K $7.70/SF
− OpEx
−$12.4K −$2.31/SF
NOI
$28.9K $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%
$577,720
Cap Rate 7%
$412,657
Cap Rate 9%
$320,956
Alternative Uses
Best Use
Flex RnD
$869.2K
$760.6K – $1.01M
NOI $60,844 @ 7.0% cap · market cap 545.93%
Second Best
Industrial
$412.7K
$361.1K – $481.4K
NOI $28,886 @ 7.0% cap · market cap 259.18%
Theoretical Best
Specialty Retail
$1.00M
$877.6K – $1.17M
NOI $70,204 @ 7.0% cap · market cap 629.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
386
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
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Clear-span industrial space with epoxy flooring, natural light, and no existing office buildout.
Where is this flex space located?
The property is located at 46266 Erb Drive Macomb, MI.
What are key features of this property?
This property features: 5,357 SF flex space; Clear‑span construction with epoxy flooring throughout; Corner location at Erb Dr. and Gratiot
