Pontiac Office Building For
For Sale
Contact for pricing
47700 Woodward, Pontiac, MI 48342
32,000 SF office building available for sale in Pontiac.
Property Size32,000 SF
Price / SF$46.88
Days on Market2236
Property Features for 47700 Woodward
General Information
Standard status
Active
Size
32,000 SF
Class
C
Total Parking Spaces
120
Property subtype
Office
Zoning
Opportunity Zone"
Lease Type
NNN
Investment Type
Owner/User
Listing Agency:
Dominion Real Estate
Listed By:
Eric Banks · License #MI 6502360983
(248) 399-9999
Source:
Crexi
Added: Aug 22, 2020
Changed: Sep 14
Last Checked: Oct 5 at 6:47PM
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 Dominion Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 32,000 square foot office building available for sale. The property is located in Pontiac, Michigan.
Key Highlights
- Available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,160
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,200
$2.2M
Cap Rate 7%
$1,573,714
$1.6M
Cap Rate 9%
$1,224,000
$1.2M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$192.0K $6.00/SF
− Vacancy
−$45.1K −$1.41/SF
EGI
$146.9K $4.59/SF
− OpEx
−$36.7K −$1.15/SF
NOI
$110.2K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,200
Cap Rate 7%
$1,573,714
Cap Rate 9%
$1,224,000
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,160 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.90M
$6.04M – $8.05M
NOI $483,149 @ 7.0% cap · market cap 32.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - 32,000 SF office building available for sale in Pontiac.
Where is this office building located?
The property is located at 47700 Woodward Pontiac, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Available for sale
