Divisible Industrial Flex
For Sale
Contact for pricing
46705 Erb Dr, Macomb, MI 48042
Industrial building offers divisible warehouse space with 3,600 SF office/showroom and fenced outside storage.
Property Size20,000 SF
Price / SF$0.00
Days on Market228
Property Features for 46705 Erb Dr
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Zoning
M-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Building Size
20,000 SF
Listing Agency:
PA Commercial
Listed By:
John Arthurs · License #6501222941
(248) 663-0506
Source:
Cpix.resimplifi
Added: Mar 9
Changed: Oct 5
Last Checked: Oct 20 at 5:13PM
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 PA Commercial
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 flex facility includes 3,600 SF of office/showroom space paired with a warehouse/manufacturing area. The building is divisible into 11,000 SF and 9,000 SF and features separately metered utilities. A 3,600 SF shop mezzanine supports flexible internal use, along with 16' clear height.
The warehouse is served by three 12' x 14' overhead doors and includes a large fenced outside storage area. Concrete parking lot provides on-site vehicle access, with additional potential outside storage noted. The property is located at 21 Mile Rd & Gratiot Ave, close to I-94.
With the combination of divided floor plates, controlled metering, and exterior storage, the space can be configured for warehouse or manufacturing needs while keeping office/showroom space integrated on-site.
The warehouse is served by three 12' x 14' overhead doors and includes a large fenced outside storage area. Concrete parking lot provides on-site vehicle access, with additional potential outside storage noted. The property is located at 21 Mile Rd & Gratiot Ave, close to I-94.
With the combination of divided floor plates, controlled metering, and exterior storage, the space can be configured for warehouse or manufacturing needs while keeping office/showroom space integrated on-site.
Key Highlights
- 20,000 SF industrial building for sale or lease with 3,600 SF office/showroom
- Divisible layout into 11,000 SF and 9,000 SF sections, with separately metered utilities
- 3,600 SF shop mezzanine plus 16' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,843
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,860
$2.2M
Cap Rate 7%
$1,540,614
$1.5M
Cap Rate 9%
$1,198,256
$1.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$163.2K $8.16/SF
− Vacancy
−$9.1K −$0.46/SF
EGI
$154.1K $7.70/SF
− OpEx
−$46.2K −$2.31/SF
NOI
$107.8K $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%
$2,156,860
Cap Rate 7%
$1,540,614
Cap Rate 9%
$1,198,256
Alternative Uses
Best Use
Flex RnD
$3.25M
$2.84M – $3.79M
NOI $227,156 @ 7.0% cap · market cap 2,839,450.00%
Second Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,952 @ 7.0% cap · market cap 1,636,900.00%
Theoretical Best
Specialty Retail
$3.74M
$3.28M – $4.37M
NOI $262,103 @ 7.0% cap · market cap 3,276,287.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
337
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building offers divisible warehouse space with 3,600 SF office/showroom and fenced outside storage.
Where is this flex space located?
The property is located at 46705 Erb Dr Macomb, MI.
What are key features of this property?
This property features: 20,000 SF industrial building for sale or lease with 3,600 SF office/showroom; Divisible layout into 11,000 SF and 9,000 SF sections, with separately metered utilities; 3,600 SF shop mezzanine plus 16' clear height
