Manufacturing Facility with
For Sale
$4,525,000
46650 Erb Dr, Macomb, MI 48042
Air-conditioned industrial facility with heavy power, overhead cranes, office areas, and warehouse functionality.
Property Size39,344 SF
Price / SF$115.01
Days on Market10
Property Features for 46650 Erb Dr
General Information
Standard status
Active
Size
39,344 SF
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Office Build-Out
6,754 SF
Mezzanine
4,000 SF
Power
1,600 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$4,525,000
Building Details
Building Size
39,344 SF
Listing Agency:
Colliers
Listed By:
Mike Koenigbauer
(248) 540-1000
Source:
Cpix.resimplifi
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 22 at 1:05PM
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 Colliers
Investment Insights
Based on property information with market context.
The M-1 manufacturing facility at 46650 Erb Dr contains 39,344 SF, including approximately 6,754 SF of office space. The building is 100% air conditioned and includes 4,000 SF of shop office space, a 4,000 SF mezzanine, six overhead doors, and five overhead cranes ranging from 5 to 20 tons.
Industrial utility infrastructure includes 3-phase, 480-volt, 1,600-amp power service. The configuration supports manufacturing, warehousing, administrative functions, material handling, and on-site storage. An additional 1.08-acre grass lot parcel is also available for purchase, offering added land associated with the facility.
Industrial utility infrastructure includes 3-phase, 480-volt, 1,600-amp power service. The configuration supports manufacturing, warehousing, administrative functions, material handling, and on-site storage. An additional 1.08-acre grass lot parcel is also available for purchase, offering added land associated with the facility.
Key Highlights
- 39,344 SF industrial manufacturing facility
- Approximately 6,754 SF of office space
- 3‑phase, 480‑volt, 1,600‑amp power service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$257,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,152,160
$5.2M
Cap Rate 7%
$3,680,114
$3.7M
Cap Rate 9%
$2,862,311
$2.9M
Market Conditions
NOI Build-Up for 39,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$321.0K $8.16/SF
− Vacancy
−$18.0K −$0.46/SF
EGI
$303.1K $7.70/SF
− OpEx
−$45.5K −$1.16/SF
NOI
$257.6K $6.55/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,152,160
Cap Rate 7%
$3,680,114
Cap Rate 9%
$2,862,311
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,608 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$3.03M
$2.65M – $3.54M
NOI $212,148 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.59M
NOI $515,608 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Air-conditioned industrial facility with heavy power, overhead cranes, office areas, and warehouse functionality.
Where is this manufacturing property located?
The property is located at 46650 Erb Dr Macomb, MI.
What is the asking price?
The asking price for this property is $4,525,000.
What are key features of this property?
This property features: 39,344 SF industrial manufacturing facility; Approximately 6,754 SF of office space; 3‑phase, 480‑volt, 1,600‑amp power service
