Pontiac Industrial Property For
451 E Wilson Ave, Pontiac, MI 48341
For Sale
Contact for pricing
Industrial property with recent upgrades, conveniently located near major highways.
Property Size46,461 SF
Price / SF$85.99
Days on Market985
Property Features for 451 E Wilson Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Pilot Property Group
Listed By:
Alex Termini · License #MI 6501392648
(586) 291-0499
Source:
Crexi
Added: Feb 29, 2024
Changed: Nov 7
Last Checked: Nov 8 at 8:14AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property presents an opportunity due to the owner's relocation to a larger facility. The property has undergone improvements and upgrades both inside and out. Its location provides convenient access to M-59, I-75, and Woodward Avenue. The property has a size of 46461 square feet.
Key Highlights
- Convenient access to M‑59, I‑75, and Woodward.
- Recent improvements and upgrades inside and out.
- Opportunity due to owner relocation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,197
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,603,940
$4.6M
Cap Rate 7%
$3,288,529
$3.3M
Cap Rate 9%
$2,557,744
$2.6M
Market Conditions
NOI Build-Up for 46,461 SF
Gross rent
$341.5K $7.35/SF
− Vacancy
−$12.6K −$0.27/SF
EGI
$328.9K $7.08/SF
− OpEx
−$98.7K −$2.12/SF
NOI
$230.2K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,603,940
Cap Rate 7%
$3,288,529
Cap Rate 9%
$2,557,744
Alternative Uses
Best Use
Industrial
$3.29M
$2.88M – $3.84M
NOI $230,197 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.02M
$8.77M – $11.69M
NOI $701,487 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
194
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
$124,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Pontiac, MI
Properties on Market for Industrial properties in Pontiac
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with recent upgrades, conveniently located near major highways.
Where is this industrial property located?
The property is located at 451 E Wilson Ave Pontiac, MI.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Convenient access to M‑59, I‑75, and Woodward.; Recent improvements and upgrades inside and out.; Opportunity due to owner relocation.
