Industrial Warehouse with
51214 Industrial Dr Macomb, MI 48042
51214 Industrial Dr, Macomb, MI, 48042
$3,250,000
For Sale
$3,250,000
Well-maintained industrial facility with a two-story office, three bay doors, cranes, and upgraded roof, HVAC, and backup generator.
Property Size32,000 SF
Price / SF$101.56
Days on Market86
Property Features for 51214 Industrial Dr
General Information
- Standard status
- Active
- Size
- 32,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agency
Anthony Djon Luxury Real Estate
(248) 736-0146
Listed by
Jason Praet · License #6501364941
(248) 736-0146
Source
Elliman
Added: Apr 28 Updated: Jul 22 at 2:12AM Checked: Jul 22 at 2:12AM
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 Anthony Djon Luxury Real Estate
Investment Insights
Based on property information with market context.
This well-maintained industrial building includes a two-story office area at the front, separated from the warehouse floor for administrative workflow. The warehouse portion features three (3) bay doors and multiple cranes, supporting efficient loading, storage, and logistics operations. Improvements include a brand-new roof, HVAC systems, and a backup generator.
The property sits on a generous lot and includes an adjacent vacant parcel, providing additional land for expansion, parking, outdoor storage, or future development. It is positioned for access to major roadways, with bike and walk scores indicating a car-dependent area.
The facility offers versatile warehouse and office space designed to accommodate a range of commercial or light industrial uses.
The property sits on a generous lot and includes an adjacent vacant parcel, providing additional land for expansion, parking, outdoor storage, or future development. It is positioned for access to major roadways, with bike and walk scores indicating a car-dependent area.
The facility offers versatile warehouse and office space designed to accommodate a range of commercial or light industrial uses.
Key Highlights
- 1998‑built industrial facility with 32,000+ sq ft of versatile space
- Brand‑new roof plus HVAC systems and an industrial‑sized backup generator
- Three (3) bay doors and multiple cranes for efficient loading, storage, and logistics
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.1k | $8.16 |
| − Vacancy | −$14.6k | −$0.46 |
| EGI | $246.5k | $7.70 |
| − OpEx | −$37.0k | −$1.16 |
| NOI | $209.5k | $6.55 |
32,000 SF · lease $8.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$5.19M
$4.54M – $6.06M
NOI $363,449 @ 7.0% cap · market cap 11.18%
Second Best
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,523 @ 7.0% cap · market cap 6.45%
Theoretical Best
Specialty Retail
$5.99M
$5.24M – $6.99M
NOI $419,364 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Praet Tool & Engineering ...
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Luigi and Pedro Catering — 52266 Buckskin Dr, Macomb, MI 48042
FAQs
What type of property is this?
Flex space - Well-maintained industrial facility with a two-story office, three bay doors, cranes, and upgraded roof, HVAC, and backup generator.
Where is this flex space located?
The property is located at 51214 Industrial Dr Macomb, MI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 1998‑built industrial facility with 32,000+ sq ft of versatile space; Brand‑new roof plus HVAC systems and an industrial‑sized backup generator; Three (3) bay doors and multiple cranes for efficient loading, storage, and logistics
