Industrial Warehouse with Truck
29 W Rundell St Pontiac, MI 48342
For Sale
$4,455,000
Well-maintained warehouse offers 15'–20' clear height, five truck wells, and four 12'x12' overhead doors.
Property Size81,000 SF
Price / SF$55
Days on Market353
Property Features for 29 W Rundell St
General Information
- Standard status
- Active
- Size
- 81,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing Agency:
Lee & Associates of Michigan
(248) 561-5748
Listed By:
Giancarlo Pinterpe
(248) 561-5748
Source:
Cpix.resimplifi
Added: Aug 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:04AM
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 Lee & Associates of Michigan
Investment Insights
Based on property information with market context.
This well-maintained industrial warehouse totals 81,000 SF and includes approximately 3,000 SF of office space. The facility provides clear ceiling heights ranging from 15' to 20' throughout the building, supporting a wide range of industrial and distribution needs.
Loading is supported by five truck wells and four 12' x 12' overhead doors. Power is available via a 4,000-amp primary service with 480-volt capability.
Access is described as convenient to major highways, including I-75 and M-59. The public remarks also note a potential sale-leaseback option for a portion of the building.
Loading is supported by five truck wells and four 12' x 12' overhead doors. Power is available via a 4,000-amp primary service with 480-volt capability.
Access is described as convenient to major highways, including I-75 and M-59. The public remarks also note a potential sale-leaseback option for a portion of the building.
Key Highlights
- 81,000 SF well‑maintained industrial facility with 3,000 SF office space
- 15'–20' clear ceiling height throughout the building
- Loading features include five truck wells and four 12' x 12' overhead doors
Financial Insights For Industrial
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 | $595.4k | $7.35 |
| − Vacancy | −$22.0k | −$0.27 |
| EGI | $573.3k | $7.08 |
| − OpEx | −$172.0k | −$2.12 |
| NOI | $401.3k | $4.95 |
81,000 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$6.96M
$6.09M – $8.12M
NOI $487,324 @ 7.0% cap · market cap 10.94%
Second Best
Industrial
$5.73M
$5.02M – $6.69M
NOI $401,325 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$17.47M
$15.29M – $20.38M
NOI $1,222,970 @ 7.0% cap · market cap 27.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
H & W Auto ...
Storage Facility
FAQs
What type of property is this?
Distribution center - Well-maintained warehouse offers 15'–20' clear height, five truck wells, and four 12'x12' overhead doors.
Where is this distribution center located?
The property is located at 29 W Rundell St Pontiac, MI.
What is the asking price?
The asking price for this property is $4,455,000.
What are key features of this property?
This property features: 81,000 SF well‑maintained industrial facility with 3,000 SF office space; 15'–20' clear ceiling height throughout the building; Loading features include five truck wells and four 12' x 12' overhead doors
