Freestanding Corner Retail
595 Orchard Lake Road Unit SourceFi Pontiac, MI 48341
595 Orchard Lake Road Unit SourceFi, Pontiac, MI, 48341
$150,000
For Sale
$150,000
Freestanding retail building with tenant-controlled HVAC, on-site parking, and storage on a corner lot.
Property Size1,224 SF
Price / SF$122.55
Days on Market178
Property Features for 595 Orchard Lake Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,224 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
EXP Realty Birmingham
(248) 935-2754
Listed by
Paul Mychalowych · License #6506042081
(248) 935-2754
Source
Xome
Added: Jan 21 Checked: Jul 18 at 2:02 am
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 EXP Realty Birmingham
Investment Insights
Based on property information with market context.
A freestanding retail building offering approximately 1,224 square feet on a compact 0.09-acre corner lot. The property includes tenant-controlled HVAC, on-site parking, and storage space. Available for a range of business uses; buyer to verify zoning and permitted uses.
The building has frontage on Orchard Lake Road and Thomas Lane, supporting flexible storefront and customer-access needs. The site is positioned on a commercial corridor with convenient access for visitors and staff. Buyer and agent should verify all details, including current condition, zoning/use, utilities, and measurements.
The building has frontage on Orchard Lake Road and Thomas Lane, supporting flexible storefront and customer-access needs. The site is positioned on a commercial corridor with convenient access for visitors and staff. Buyer and agent should verify all details, including current condition, zoning/use, utilities, and measurements.
Key Highlights
- 1,224 sq ft freestanding retail/commercial building in Pontiac
- Corner lot with frontage on Orchard Lake Rd and Thomas Lane (0.09 acre; lot dimensions 4,883.5)
- Tenant‑controlled HVAC
Local Financial Insights For Retail
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 | $20.6k | $16.80 |
| − Vacancy | −$1.7k | −$1.43 |
| EGI | $18.8k | $15.37 |
| − OpEx | −$5.6k | −$4.61 |
| NOI | $13.2k | $10.76 |
1,224 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$188.2K
$164.6K – $219.5K
NOI $13,171 @ 7.0% cap · market cap 8.78%
Second Best
Office B
$60.2K
$52.7K – $70.2K
NOI $4,214 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail building with tenant-controlled HVAC, on-site parking, and storage on a corner lot.
Where is this retail space located?
The property is located at 595 Orchard Lake Road Unit SourceFi Pontiac, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,224 sq ft freestanding retail/commercial building in Pontiac; Corner lot with frontage on Orchard Lake Rd and Thomas Lane (0.09 acre; lot dimensions 4,883.5); Tenant‑controlled HVAC
