Industrial Building with Excess
46705-46725 Erb Drive, Macomb Township, MI 48042
For Sale
Contact for pricing
Industrial building accompanied by excess land in Macomb Township.
Property Size20,000 SF
Price / SF$90
Days on Market57
Property Features for 46705-46725 Erb Drive
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
White Horse Real Estate
Listed By:
Josh Miller · License MI #6502428120
Source:
Crexi
Added: Sep 15
Changed: Nov 4
Last Checked: Nov 8 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 White Horse Real Estate
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 industrial property includes a ±20,000 SqFt building and excess land within the offering. The asset is located at 46705-46725 Erb Drive in Macomb Township, Michigan, providing a substantial industrial building footprint with additional land on the same property.
Key Highlights
- ±20,000 SqFt industrial building
- Excess land included with the property
- Located at 46705‑46725 Erb Drive in Macomb Township, MI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,118
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,360
$2.4M
Cap Rate 7%
$1,687,400
$1.7M
Cap Rate 9%
$1,312,422
$1.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$146.4K $7.32/SF
− Vacancy
−$7.4K −$0.37/SF
EGI
$139.0K $6.95/SF
− OpEx
−$20.8K −$1.04/SF
NOI
$118.1K $5.91/SF
Area
Macomb County, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,360
Cap Rate 7%
$1,687,400
Cap Rate 9%
$1,312,422
Alternative Uses
Best Use
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,118 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,274 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$3.74M
$3.28M – $4.37M
NOI $262,103 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
337
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
$374,100
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Macomb County, MI
Properties on Market for Industrial properties in Macomb County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building accompanied by excess land in Macomb Township.
Where is this industrial property located?
The property is located at 46705-46725 Erb Drive Macomb Township, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: ±20,000 SqFt industrial building; Excess land included with the property; Located at 46705‑46725 Erb Drive in Macomb Township, MI
