Add Listing
    For Lease
    • 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

    235 N Pontiac Trl Walled Lake, MI 48390

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,700 /Mo

    1500 sqft building in downtown Walled Lake for lease.

    Lot size:
    0.17 Acres

    Property Features for 235 N Pontiac Trl

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.17 Acres

    Building Details

    Year built
    1946

    We can help!

    Listing Contact
    Dave Abdallah
    Dave Abdallah
    Source: Elliman

    Listing Agency: Century 21 Commercial Curran & Oberski | Dearborn Heights Listing Agent: Dave Abdallah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Freestanding Commercial Building in Walled Lake

    This 1500 sqft freestanding commercial building is located on a corner lot in Downtown Walled Lake. Formerly a restaurant, the property could be used for various businesses, including retail, medical, and office spaces. It features ample parking and is surrounded by other businesses, located seconds away from the Walled Lake pier. The lease is double net, including taxes and insurance. All data is approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4847583
    Latitude
    42.5328098

    Nearby Similar for Lease

    • $1,600 /Mo
      Pending

      Executive Office Space For Rent

      Executive office space featuring three offices, foyer, and full kitchen.
      990 Decker Rd, Walled Lake, MI 48390
      View Details
    • $1,600 /Mo
      Pending

      Executive Office Space For Rent

      Executive office space featuring large offices, foyer, and kitchen.
      990 Decker Rd, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      5,600 SF

      Retail Outlot with Drive Thru

      Retail or office space with high visibility and ample parking.
      1110 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $10 SF/Yr
      15,400 SF

      Maple Plaza: Retail Space Available

      High-traffic retail center; spaces from 1,600 sq ft.
      1124 West Maple Rd, Walled Lake, MI 48390
      View Details
    • $14 SF/Yr
      18,000 SF

      Walled Lake Medical Office Suite

      1,500 SF Available, Oakland County
      55 Pond Dr, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1,320 SF

      Walled Lake Retail Space Available

      1320 SF retail space in a neighborhood-focused environment.
      1320-1340 S Commerce Rd, Walled Lake, MI 48390
      View Details
    • $13 SF/Yr
      16,000 SF

      861 N Pontiac Trail

      Distribution centers • 16,000 SF
      861 Pontiac Trl, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      7,080 SF

      Shoppes at Walled Lake Retail Space

      High-traffic retail space available in Walled Lake, MI.
      0 Tbd Shoppes At Walled Lk, Walled Lake, MI 48390
      View Details

    FAQs

    What type of property is this?
    Retail space - 1500 sqft building in downtown Walled Lake for lease.
    Where is this retail space located?
    The property is located at 235 N Pontiac Trl Walled Lake, MI.
    What is the lease rate?
    The lease rate is $2,700 /Mo.
    What are key features of this property?
    This property features: - Prime corner lot location in Downtown Walled Lake.; - Freestanding 1500 sqft commercial building.; - High-visibility location near other businesses and Walled Lake pier.
    (313) 274-7200
    Request Owner's contact information
    235 N Pontiac Trl Walled Lake, MI 48390
    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.
    235 N Pontiac Trl
    Walled Lake, MI 48390
    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
    235 N Pontiac Trl Walled Lake, MI 48390
    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
    Dave Abdallah
    Dave Abdallah
    (313) 274-7200 (313) 203-8209
    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!