Freestanding Retail Building Under
W 290 W Walton Boulevard Unit SourceFi Pontiac, MI 48340
W 290 W Walton Boulevard Unit SourceFi, Pontiac, MI, 48340
$1,250,000
For Sale
$1,250,000
New freestanding retail building under construction with 26 parking spaces and main-road visibility for day-to-day access.
Property Size3,360 SF
Price / SF$372.02
Days on Market25
Property Features for W 290 W Walton Boulevard Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
C3 CRE, LLC
(248) 752-1276
Listed by
Corbin Yaldoo · License #6502431997
(248) 752-1276
Source
Xome
Added: Jun 28 Updated: Jul 21 at 5:16PM Checked: Jul 21 at 5:16PM
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 C3 CRE, LLC
Investment Insights
Based on property information with market context.
Municipal approved and currently under construction, this freestanding retail building is available for sale with both the license and the real estate included. The property is positioned as a new build and is being developed as a dedicated retail facility.
The site sits along the main road for strong visibility and convenient access. It is described as being on heavily traveled Walton Road, with approximately 19,600+ vehicles daily, which can support brand exposure from daytime traffic. The surrounding area is described as having a dense residential population and several national tenants.
With 26 parking spaces included, the site is designed to accommodate customers arriving by car while the construction continues toward completion.
The site sits along the main road for strong visibility and convenient access. It is described as being on heavily traveled Walton Road, with approximately 19,600+ vehicles daily, which can support brand exposure from daytime traffic. The surrounding area is described as having a dense residential population and several national tenants.
With 26 parking spaces included, the site is designed to accommodate customers arriving by car while the construction continues toward completion.
Key Highlights
- New freestanding retail building under construction with license and real estate included
- Located right along Walton Road for straightforward visibility and day‑to‑day access
- Walton Road traffic count listed at approximately 19,600+ vehicles daily
Local Financial Insights For Retail
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 | $56.4k | $16.80 |
| − Vacancy | −$4.8k | −$1.43 |
| EGI | $51.6k | $15.37 |
| − OpEx | −$15.5k | −$4.61 |
| NOI | $36.2k | $10.76 |
3,360 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$516.5K
$451.9K – $602.6K
NOI $36,155 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$724.7K
$634.1K – $845.5K
NOI $50,731 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elevated Technique Sports ...
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - New freestanding retail building under construction with 26 parking spaces and main-road visibility for day-to-day access.
Where is this retail space located?
The property is located at W 290 W Walton Boulevard Unit SourceFi Pontiac, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: New freestanding retail building under construction with license and real estate included; Located right along Walton Road for straightforward visibility and day‑to‑day access; Walton Road traffic count listed at approximately 19,600+ vehicles daily
