18 W Lawrence, Pontiac, MI 48342
15,000 SF office building in Pontiac, Michigan.
- Added:
- Sep 26, 2017
- Days on Market:
- 3182
- Last Refresh:
- May 19 at 8:28 pm
Property Features for 18 W Lawrence
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Office
Listing agent Eric Banks License #MI 6502360983
Listing office Dominion Real Estate
Listing date Sep 26, 2017
Source Crexi
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 Dominion Real Estate
HighLights
- Office Property
- 15,000 SF
Overview
Local Financial Insights For Office B
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 | $90.0k | $6.00 |
| − Vacancy | −$21.2k | −$1.41 |
| EGI | $68.9k | $4.59 |
| − OpEx | −$17.2k | −$1.15 |
| NOI | $51.6k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2932309
- Latitude
- 42.6376386
