451 E Wilson Street Pontiac, MI 48341
COMMERCIAL - Pontiac, MI
- Added:
- Apr 4, 2024
- Days on Market:
- 830
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 451 E Wilson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 14-33-435-017
- Size
- 46,461 SF
- Lot size
- 2.14 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1970
Listing agent Alexander Termini License #6501392648 (586) 291-0499
Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI (586) 254-0900
Listing date Apr 4, 2024
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Investment Insights
Based on property information with market context.
Exterior improvements include a new roof with skylights and gutters, as well as a freshly painted exterior. The building has four bay doors in total, including one oversized 18 by 20-foot door and three 14 by 12-foot doors, each with newer door openers. An oil/water separator serves interior drains, and the building is secured with cameras, an alarm, and key card access. The property also includes an exterior area with 8-inch reinforced concrete and a paved material bin pads, plus a brand new 12-inch thick decorative screen brick wall.
For operators seeking an onsite manufacturing or heavy-use workspace, this facility offers substantial overhead lifting capacity, updated lighting and insulation, and multiple loading doors to support day-to-day logistics. Office space has been improved as well, and additional storage is provided via a 2,000 SF storage building and outside storage permitted for vehicles. The sale terms also reference two waste oil burners that are negotiable with the purchase.
Key Highlights
- Shop includes 7 cranes totaling 5 to 50 tons, with 10‑ton auxiliary; ceiling height 25‑35 ft under hook
- Shop has a freshly poured 8‑inch reinforced concrete floor and 8‑inch reinforced concrete around the building exterior
- Interior improvements include remodeled offices and bathrooms, freshly painted office and shop, and new LED lighting throughout the shop
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 | $341.5k | $7.35 |
| − Vacancy | −$12.6k | −$0.27 |
| EGI | $328.9k | $7.08 |
| − OpEx | −$49.3k | −$1.06 |
| NOI | $279.5k | $6.02 |
Alternative Uses
Property Analytics
Current Use by Public Records
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