Mixed-Use Building with
New
For Sale
$499,900
358 W Huron St, Pontiac, MI 48341
Commercial property combines office facilities, storage space, and a furnished residential unit on a residential-zoned parcel.
Property Size4,433 SF
Price / SF$112.77
Days on Market2
Property Features for 358 W Huron St
General Information
Standard status
Active
Size
4,433 SF
Total Parking Spaces
10
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
1,000 SF
Office Build-Out
1,300 SF
Additional Details
Furnished
Yes
Office Units
1
Building Details
Year Built
1910
Buildings
2
Listing Agency:
J Thomas & Associates Realty
Listed By:
Jeffrey S Thomas
(810) 691-9819
Source:
Katie-k
Added: Sep 1
Last Checked: Sep 1 at 8:57PM
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 J Thomas & Associates Realty
Investment Insights
Based on property information with market context.
This 4,433-square-foot mixed-use property includes a dedicated office area with reception space, two private offices, a conference room, two restrooms, and a kitchenette or break area. The building also contains a 1,000-square-foot garage and storage section with an additional restroom, plus a furnished two-bedroom, two-bath apartment on the upper level. Personal property is included, excluding computers, televisions, and the copy machine.
The 1.3-acre parcel provides 104 feet of frontage on W Huron St., is fenced, and includes 10 parking spaces. A separate 32x28 garage is located on the property, which also backs to Washington St. The site carries residential zoning and is located in Pontiac, Michigan.
The 1.3-acre parcel provides 104 feet of frontage on W Huron St., is fenced, and includes 10 parking spaces. A separate 32x28 garage is located on the property, which also backs to Washington St. The site carries residential zoning and is located in Pontiac, Michigan.
Key Highlights
- 4,433‑square‑foot mixed‑use building on a 1.3‑acre parcel
- 104 feet of frontage on W Huron St. with 10 parking spaces
- Office area includes reception, two offices, conference room, two restrooms, and kitchenette
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
$44,884
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
8.98%
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%
$897,680
$897.7K
Cap Rate 7%
$641,200
$641.2K
Cap Rate 9%
$498,711
$498.7K
Market Conditions
NOI Build-Up for 4,433 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
$79.8K $18.00/SF
− Vacancy
−$8.0K −$1.80/SF
EGI
$71.8K $16.20/SF
− OpEx
−$26.9K −$6.07/SF
NOI
$44.9K $10.13/SF
Area
Oakland County, MI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$897,680
Cap Rate 7%
$641,200
Cap Rate 9%
$498,711
Alternative Uses
Best Use
Mixed Use
$641.2K
$561.1K – $748.1K
NOI $44,884 @ 7.0% cap · market cap 8.98%
Second Best
Warehouse
$381.0K
$333.4K – $444.5K
NOI $26,670 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$956.2K
$836.6K – $1.12M
NOI $66,931 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 48341, MI
16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines office facilities, storage space, and a furnished residential unit on a residential-zoned parcel.
Where is this mixed-use property located?
The property is located at 358 W Huron St Pontiac, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,433‑square‑foot mixed‑use building on a 1.3‑acre parcel; 104 feet of frontage on W Huron St. with 10 parking spaces; Office area includes reception, two offices, conference room, two restrooms, and kitchenette
