Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Move-In Ready Industrial/Flex Space Title is generated by Realmo AI

    500 Auburn Ave, Pontiac, MI 48342

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Remodeled industrial/flex space with high ceilings and main-road frontage.

    Type:Industrial
    Property size:
    22,814 SF
    Added:
    Jan 7, 2026
    Days on Market:
    126
    Last Refresh:
    Mar 16 at 10:55 am

    Property Features for 500 Auburn Ave

    General Information

    Standard status
    Active
    Size
    22,814 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1950

    Spaces For Lease

    at 500 Auburn Ave Contact us

    $7 /Mo

    Size
    22,814 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Hiba Hakim
    Hiba Hakim

    Listing agent Hiba Hakim License #4431936

    Listing office Odessa Properties LLC

    Listing date Jan 7, 2026

    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 Odessa Properties LLC

    HighLights

    • Move‑in‑ready, completely remodeled with new electrical, plumbing, and HVAC
    • Versatile C‑3 zoning allows for a wide range of uses
    • Available space ranges from 2,880 SF up to 22,814 SF with high ceilings and prime main‑road frontage
    • Features three truck wells and three additional garage doors
    • Includes ample front and rear parking, with additional fenced outdoor storage/parking available
    • New apartment complex under development next door, increasing foot traffic and providing workforce housing

    Overview

    This move-in-ready industrial/flex space offers between 2,880 SF and 22,814 SF. The property has been completely remodeled, including new electrical, plumbing, and HVAC systems. Zoned C-3 (Corridor Mixed-Use), the versatile property can accommodate a wide range of users, including bulk or cold storage, warehousing, contractors, light or heavy manufacturing, and logistics. The building features three truck wells, including one 8' x 8' and two 10' x 12' overhead doors, plus an additional 3 garage doors. It includes 480-volt / 200-AMP power and energy-efficient LED lighting. The property also features a 2,880 SF open office/showroom. Clear heights range from 12' to 22’. Ample front and rear parking are included, with additional fenced outdoor storage/parking available. A new apartment complex is currently under development next door, bringing increased foot traffic and nearby workforce housing. This proximity supports easier employee recruitment and retention, enhanced area activity, and stronger long-term location stability for incoming tenants. Also available is an adjacent 5,000 SF property for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • King's Cakes & Catering — 743 Auburn Ave, Pontiac, MI 48342
    • Deelicious Cuisine — 170 Westway St, Pontiac, MI 48342

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2724585
    Latitude
    42.634303

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Building in Pontiac

      Two-story commercial building with flexible space in downtown Pontiac.
      70 Lafayette St, Pontiac, MI 48342
      View Details
    • $800/Mo

      Storefront or Office Space Available

      Lease opportunity: storefront or office near courthouse.
      77 N Saginaw St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Retail Spaces in Pontiac Center

      Community center with high traffic and ample parking.
      3 S. Telegraph Road | Pontiac, MI 48341
      View Details
    • Contact for pricing

      Downtown Pontiac Corner Location

      High-visibility space in revitalized Downtown Pontiac, suitable for retail/office.
      67 N Saginaw St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Pontiac Industrial Building For Lease

      16,000 SF industrial building with office space for lease.
      180 N Saginaw St, Pontiac, MI 48342
      View Details
    • $9 SF/Yr

      Retail Space in Pontiac, MI

      Retail space available for lease in Pontiac, Michigan.
      29 S Saginaw St, Pontiac, MI
      View Details
    • Contact for pricing

      Secure Warehouse Space Available

      1500 sq ft warehouse with office and restroom.
      495 Perry St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Class A Warehouse Distribution Building

      303,077 SF Class A warehouse/distribution building with ample parking.
      537 Bradford St, Pontiac, MI
      View Details
    • Contact for pricing

      Pontiac Warehouse Space Available

      165,000 sq ft warehouse space in Pontiac, Michigan.
      Pontiac, MI, USA, Pontiac, MI, 48302
      View Details
    • $3,000/Mo

      Pontiac Retail Spaces Available

      Retail spaces for rent in Pontiac, Michigan.
      325 W WALTON BLVD, Pontiac, MI 48340
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Pontiac, Michigan.
      440 Elizabeth Lake Rd, Pontiac, MI 48341
      View Details
    • $13 SF/Yr

      Pontiac Retail Space For Lease

      Retail building with high visibility and traffic count.
      882-892 W Huron St, Pontiac, MI
      View Details

    FAQs

    What type of property is this?
    Flex space - Remodeled industrial/flex space with high ceilings and main-road frontage.
    Where is this flex space located?
    The property is located at 500 Auburn Ave Pontiac, MI.
    What are key features of this property?
    This property features: Move‑in‑ready, completely remodeled with new electrical, plumbing, and HVAC; Versatile C‑3 zoning allows for a wide range of uses; Available space ranges from 2,880 SF up to 22,814 SF with high ceilings and prime main‑road frontage
    (248) 221-0591 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hiba Hakim
    Hiba Hakim
    Real Estate License ID: 4431936
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Auburn Ave, Pontiac, MI 48342
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!