Industrial Warehouse with
73 W Walton Boulevard Pontiac, MI 48340
For Sale
$550,000
COMMERCIAL - Pontiac, MI
Property Size5,293 SF
Lot Size0.31 Acres
Price / SF$103.91
Days on Market584
Property Features for 73 W Walton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
14-17-126-003
Size
5,293 SF
Lot size
0.31 Acres
Utilities
Water source
Public
Building Details
Year built
1960
Listing Agency:
Realteam Real Estate
(586) 580-8092
Listed By:
Jacob Riberas · License #6501418227
(248) 709-0424
Added: Dec 20, 2024
Changed: Jun 3
Last Checked: Jul 27 at 5:06PM
MLS# 50163412
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Investment Insights
Based on property information with market context.
This industrial warehouse includes an office area at the front of the building, two bathrooms, and clear-height storage in the shop and truck bay areas, with 15-foot ceilings in the shop and 17-foot ceilings in the truck bay. The facility features two overhead grade-level garage doors and is supported by heavy 3-phase electrical service and gas heaters throughout. The roof was resealed in 2023, adding recent capital improvements for the building’s envelope.
The property is located in Pontiac, Michigan. It sits on approximately 0.31 acres and is listed as zoned M-1, Light Manufacturing. The listing notes convenient access to major highways and local amenities.
This configuration suits tenants or owners needing a flexible industrial layout that can support distribution and light manufacturing needs while maintaining on-site office space. The combination of office frontage, high ceilings, and two overhead grade-level doors is practical for operations that require straightforward loading and workable interior clear height.
The property is located in Pontiac, Michigan. It sits on approximately 0.31 acres and is listed as zoned M-1, Light Manufacturing. The listing notes convenient access to major highways and local amenities.
This configuration suits tenants or owners needing a flexible industrial layout that can support distribution and light manufacturing needs while maintaining on-site office space. The combination of office frontage, high ceilings, and two overhead grade-level doors is practical for operations that require straightforward loading and workable interior clear height.
Key Highlights
- Zoned M‑1, Light Manufacturing
- Commercial warehouse built in 1960 with public water service
- 15 ft ceilings in the shop area and 17 ft ceilings in the truck bay
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 | $38.9k | $7.35 |
| − Vacancy | −$1.4k | −$0.27 |
| EGI | $37.5k | $7.08 |
| − OpEx | −$5.6k | −$1.06 |
| NOI | $31.8k | $6.02 |
5,293 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$374.6K
$327.8K – $437.1K
NOI $26,225 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.14M
$999.0K – $1.33M
NOI $79,916 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with front office, high ceilings, and grade-level garage doors, zoned for light manufacturing.
Where is this warehouse located?
The property is located at 73 W Walton Boulevard Pontiac, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Zoned M‑1, Light Manufacturing; Commercial warehouse built in 1960 with public water service; 15 ft ceilings in the shop area and 17 ft ceilings in the truck bay
