Listing Agency: EXP Realty Birmingham m***@exprealty.net Show Phone

Listed By: Paul Mychalowych · License #6506042081 Show Phone

Source: Exprealty

Added: Jan 16 Changed: Oct 7 Last Checked: Oct 10 at 1:04AM

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Investment Insights

Based on property information with market context.

This freestanding commercial property is located in Pontiac, offering visibility and access on Orchard Lake Road. The 1,224 square foot retail building is situated on a 0.09 acre corner lot with frontage on Orchard Lake Road and Thomas Lane. The property is suitable for retail, service-oriented businesses, office space, or owner occupancy. It features tenant-controlled HVAC, on-site parking, storage space, and signage exposure to local traffic. Located in a commercial corridor, the site benefits from daytime and commuter traffic, proximity to retail and business nodes, and access to major roadways. The property is suited for an owner-operator or investor seeking a compact, high-visibility retail footprint. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 52, indicating it is somewhat walkable.

Key Highlights

• Prime freestanding commercial property with excellent visibility on Orchard Lake Road
• Versatile 1,224 sq ft building suitable for retail, service, office, or owner occupancy
• High‑traffic location in a busy commercial corridor with strong daytime and commuter traffic

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,171

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,420 $263.4K

Cap Rate 7%

$188,157 $188.2K

Cap Rate 9%

$146,344 $146.3K

Market Conditions

NOI Build-Up for 1,224 SF

Gross rent

$20.6K $16.80/SF

− Vacancy

−$1.7K −$1.43/SF

EGI

$18.8K $15.37/SF

− OpEx

−$5.6K −$4.61/SF

NOI

$13.2K $10.76/SF

Area

Oakland County, MI

Vacancy

8.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,420

Cap Rate 7%

$188,157

Cap Rate 9%

$146,344

Alternative Uses

Best Use

Retail

$188.2K

$164.6K – $219.5K (±1% cap)

NOI $13,171 @ 7.0% cap · market cap 5.27%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$264.0K

$231.0K – $308.0K (±1% cap)

NOI $18,480 @ 7.0% cap · market cap 7.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

431

Businesses Nearby

Under-served

Demand for This Use

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Versatile 1,224 SF retail building on 0.09 acres.

Where is this storefront property located?

The property is located at 595 Orchard Lake Rd Pontiac, MI.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Prime freestanding commercial property with excellent visibility on Orchard Lake Road; Versatile 1,224 sq ft building suitable for retail, service, office, or owner occupancy; High‑traffic location in a busy commercial corridor with strong daytime and commuter traffic