Freestanding Retail
For Sale
$300,000
1175 Baldwin Ave, Pontiac, MI 48340
Clean, well-maintained commercial building with a flexible layout, on-site parking, and C-1 zoning along Baldwin Avenue.
Property Size1,465 SF
Price / SF$204.78
Days on Market10
Property Features for 1175 Baldwin Ave
General Information
Standard status
Active
Size
1,465 SF
Property subtype
Retail
Zoning
C-1
Building Details
Building Size
1,465 SF
Year Built
1950
Listing Agency:
NAI Farbman - Corporate
(248) 351-6331
Listed By:
Jacob Brown · License #6501371948
Source:
Naiglobal
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 1:33PM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This freestanding retail building contains 1,465 square feet and was built in 1950. The property is described as clean and well-maintained, with a functional interior layout that can support retail, office, service, or other commercial uses. C-1 zoning adds flexibility for commercial occupancy, while on-site parking serves customers and employees.
Positioned along Baldwin Avenue in Pontiac, the building benefits from direct frontage on a major local thoroughfare. The site provides access to surrounding neighborhoods, businesses, major employers, and regional roadways. Its standalone configuration and practical layout offer a straightforward setting for a range of commercial operations.
Positioned along Baldwin Avenue in Pontiac, the building benefits from direct frontage on a major local thoroughfare. The site provides access to surrounding neighborhoods, businesses, major employers, and regional roadways. Its standalone configuration and practical layout offer a straightforward setting for a range of commercial operations.
Key Highlights
- 1,465‑square‑foot freestanding retail building
- Built in 1950 and described as clean and well‑maintained
- C‑1 zoning supports flexible commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,280
$315.3K
Cap Rate 7%
$225,200
$225.2K
Cap Rate 9%
$175,156
$175.2K
Market Conditions
NOI Build-Up for 1,465 SF
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.
Gross rent
$24.6K $16.80/SF
− Vacancy
−$2.1K −$1.43/SF
EGI
$22.5K $15.37/SF
− OpEx
−$6.8K −$4.61/SF
NOI
$15.8K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,280
Cap Rate 7%
$225,200
Cap Rate 9%
$175,156
Alternative Uses
Best Use
Retail
$225.2K
$197.1K – $262.7K
NOI $15,764 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$316.0K
$276.5K – $368.7K
NOI $22,119 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48340, MI
26,039
Population
12,154
Households
2.1
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
3,382
Density / Sq Mi
$46,474
Median Household Income
$32,954
Median Earnings
$1,096
Median Rent
$105,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Clean, well-maintained commercial building with a flexible layout, on-site parking, and C-1 zoning along Baldwin Avenue.
Where is this storefront property located?
The property is located at 1175 Baldwin Ave Pontiac, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,465‑square‑foot freestanding retail building; Built in 1950 and described as clean and well‑maintained; C‑1 zoning supports flexible commercial use
