Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Corner Location Title is generated by Realmo AI

    46922 Romeo Plank Rd, Macomb, MI 48044

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available on a corner in Macomb, Michigan.

    Type:Retail
    Property size:
    1,300 SF
    Added:
    Aug 8, 2020
    Days on Market:
    2106
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 46922 Romeo Plank Rd

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Retail

    Spaces For Lease

    at 46922 Romeo Plank Rd Contact us

    We can help!

    Listing Contact
    George Abro
    George Abro

    Listing agent George Abro License #MI 6502432561

    Listing office Altitude Commercial Real Estate

    Listing date Aug 8, 2020

    Source Crexi

    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 Altitude Commercial Real Estate

    HighLights

    • High‑traffic corner location at 21 Mile and Romeo Plank Road.
    • Available space: 1,000 - 1,300 SF.
    • Located in Macomb, MI.
    • Join established tenants CVS, Little Caesars, and Wild Bill's Tobacco.
    • High visibility due to corner location.
    • Opportunity to benefit from existing customer base of neighboring businesses.

    Overview

    Retail spaces ranging from 1,000 to 1,300 square feet are available at the corner of 21 Mile Road and Romeo Plank Road in Macomb, Michigan. The location is currently home to CVS, Little Caesars, and Wild Bill's Tobacco, among others.
    Location Intelligence

    Current Use by Public Records

    AutoZone Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.936387
    Latitude
    42.643269

    Nearby Similar for Lease

    • $4,800/Mo

      Functional Industrial Space Available

      Light industrial space with open layout and convenient access.
      51477 Industrial, Macomb, MI 48042
      View Details
    • $18 SF/Yr

      Macomb Township Office Space Available

      Office spaces available from 1,221 to 15,000 SF for rent.
      45200 Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Road | Macomb, MI 48044
      View Details
    • $12 SF/Yr

      Macomb Industrial Space Available

      Industrial property available for lease in Macomb, Michigan.
      51027-51045 Industrial Dr, Macomb, MI
      View Details
    • $13 SF/Yr

      Macomb Industrial Flex Space Available

      Flex/Industrial space available for lease in Macomb, Michigan.
      51005-51023 Industrial Dr, Macomb, MI
      View Details
    • $9 SF/Yr

      Macomb Warehouse Space Available

      6,902 SF warehouse space for lease in Macomb.
      15695-15721 Leone Dr, Macomb, MI
      View Details
    • $13 SF/Yr

      Macomb Warehouse Space Available

      9,961 SF warehouse space for lease in Macomb.
      17625 23 Mile Road, Macomb, MI, 48042
      View Details
    • $117 SF/Yr

      Clean Manufacturing Building For Rent

      Turn-key manufacturing building with office space and amenities.
      51223 Quadrate Drive, Macomb, MI 48042-4053
      View Details
    • $900/Mo

      Turn-Key Macomb Office Space

      Private office space available for lease in Macomb, Michigan.
      15300 21 Mile, Macomb, MI 48044
      View Details
    • Contact for pricing

      New Industrial Building in Macomb

      New construction industrial building with tax abatement potential, available 2023.
      17201 Leone Dr | Macomb, MI 48042, MI 48042
      View Details
    • Contact for pricing

      Renovated Medical Suite For Rent

      Recently renovated medical suite with ample parking in healthcare corridor.
      18200 23 Mile Rd, Macomb, MI
      View Details
    • Contact for pricing

      Industrial

      46250 Erb Dr, Macomb, MI 48042
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available on a corner in Macomb, Michigan.
    Where is this retail space located?
    The property is located at 46922 Romeo Plank Rd Macomb, MI.
    What are key features of this property?
    This property features: High‑traffic corner location at 21 Mile and Romeo Plank Road.; Available space: 1,000 - 1,300 SF.; Located in Macomb, MI.
    (248) 781-8076 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Abro
    George Abro
    Real Estate License ID: MI 6502432561
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    46922 Romeo Plank Rd, Macomb, MI 48044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!