Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    115 Henderson St Pontiac, MI 48341

    View on Map
    Sponsored
    Picture of Commercial land at Henderson St 115, Pontiac, MI
    For Sale
    Contact for pricing

    LAND - Pontiac, MI

    Lot size:
    0.27 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 8:06 pm

    Property Features for 115 Henderson St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14-29-306-012
    Lot size
    0.27 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Deborah Bertram

    Home & Land Real Estate East

    Listing agent Deborah Bertram

    Listing date Mar 27, 2026

    MLS# 26012190

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Parcel in Pontiac, MI

    This 0.27-acre land parcel is located in Pontiac, Michigan. Prospective purchasers are responsible for verifying with the City of Pontiac whether the site is suitable for building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.306412
    Latitude
    42.639294

    Nearby Similar for Sale

    • New
      $499,900
      4,800 SF

      Pontiac Industrial Building with Apartment

      Industrial building with apartment near I-75 and Auburn Hills.
      1570 Baldwin Ave, Pontiac, MI 48340
      View Details
    • $149,900
      2,616 SF

      Pontiac Commercial Property with Development Potential

      Well-maintained commercial building with income and multi-family development opportunity.
      349 E Pike St, Pontiac, MI 48342
      View Details
    • $969,000
      1,191 SF

      M1 Concourse Private Garage Unit

      Private garage unit with trackside patio in Pontiac, Michigan.
      161 W Speed Way, Pontiac, MI 48341
      View Details
    • $200,000
      4,904 SF

      Pontiac Vacant Commercial Building

      Vacant 4904 SF building suitable for multiple uses.
      179 Edison St, Pontiac, MI 48342
      View Details
    • $700,000
      4,804 SF

      Pontiac Multifamily Investment Opportunity

      Renovated 11-unit apartment building in a profitable area.
      98 S Edith St, Pontiac, MI 48342
      View Details
    • $550,000
      5,293 SF

      Spacious Commercial Warehouse in Pontiac

      Commercial warehouse in Pontiac, MI with office and truck bay.
      73 W Walton Blvd, Pontiac, MI 48340
      View Details
    • $700,000
      5,000 SF

      Pontiac Multi-Unit Investment Opportunity

      Renovated 11-unit apartment building in a profitable area.
      98 S Edith St, Pontiac, MI 48342
      View Details
    • $249,900
      1,000 SF

      Waterford Commercial Building on Voorheis

      Remodeled 1,000 SF building with high visibility.
      2409 Voorheis St, Pontiac, MI 48341
      View Details
    • $689,900
      3,450 SF

      Pontiac Retail Opportunity For Sale

      Former bank building with drive-thru and large parking lot.
      900 Joslyn Ave, Pontiac, MI 48340
      View Details
    • $2,200,000
      1,264 SF

      M1 Concourse Combined Units

      Rare combined units perfect for automotive display and entertaining.
      40 Straightaway Dr, Pontiac, MI 48341
      View Details
    • $695,000
      1,264 SF

      M1 Concourse Private Garage Unit

      Private garage unit at M1 Concourse, Pontiac, MI.
      62 W Speed Way, Pontiac, MI 48341
      View Details
    • $975,000
      1,191 SF

      M1 Concourse Private Garage with Patio

      Rare garage with patio, track views, and luxury amenities.
      163 Speed Way, Pontiac, MI 48341
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available in Pontiac. Buyer to verify buildability.
    Where is this commercial land located?
    The property is located at 115 Henderson St Pontiac, MI.
    What is the asking price?
    The asking price for this property is $8,500.
    What are key features of this property?
    This property features: - Larger Parcel in Pontiac; - Natural Gas Available; - Public Water Source
    (248) 770-5160
    Request Owner's contact information
    115 Henderson St Pontiac, MI 48341
    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.
    115 Henderson St
    Pontiac, MI 48341
    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
    115 Henderson St Pontiac, MI 48341
    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

    We can help!
    Listing Contact
    Deborah Bertram
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!