451 E Wilson Ave, Pontiac, MI 48341
Industrial property with recent upgrades, conveniently located near major highways.
- Added:
- Feb 29, 2024
- Days on Market:
- 846
- Last Refresh:
- May 12 at 8:55 pm
Property Features for 451 E Wilson Ave
General Information
- Standard status
- Active
- Size
- 46,461 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing office Pilot Property Group (586) 291-0499
Listing date Feb 29, 2024
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 Pilot Property Group
HighLights
- Convenient access to M‑59, I‑75, and Woodward.
- Recent improvements and upgrades inside and out.
- Opportunity due to owner relocation.
- Built in 1970.
Overview
Local 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 | $341.5k | $7.35 |
| − Vacancy | −$12.6k | −$0.27 |
| EGI | $328.9k | $7.08 |
| − OpEx | −$98.7k | −$2.12 |
| NOI | $230.2k | $4.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2701654
- Latitude
- 42.6250126
