Warehouse with Truck
For Sale
$510,000
73 W Walton Boulevard, Pontiac, MI 48340
COM/IND/BUS OPP, Pontiac, MI
Property Size5,293 SF
Lot Size0.31 Acres
Price / SF$96.35
Days on Market668
Property Features for 73 W Walton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Pontiac (63142)
Standard status
Active
APN
14-17-126-003
Size
5,293 SF
Lot size
0.31 Acres
Utilities
Water source
Public
Building Details
Year built
1960
Listing Agency:
Realteam Real Estate
(586) 580-8092
Listed By:
Jacob Riberas
(248) 709-0424
Added: Dec 20, 2024
Changed: Oct 8
Last Checked: Oct 19 at 8:06PM
MLS# 50163412
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,293-square-foot warehouse property at 73 W Walton Boulevard was built in 1960 on 0.31 acres. The layout includes a front office, two bathrooms, a shop area with 15-foot ceilings, and a truck bay with 17-foot ceilings. Two overhead grade-level garage doors support loading and vehicle access, while heavy 3-phase electrical service and gas heaters are installed throughout the facility.
The building is zoned M-1 for light manufacturing and has public water. The roof was resealed in 2023. Located in Pontiac, the property offers a combination of warehouse, truck-bay, office, and production-oriented improvements within an established commercial setting.
The building is zoned M-1 for light manufacturing and has public water. The roof was resealed in 2023. Located in Pontiac, the property offers a combination of warehouse, truck-bay, office, and production-oriented improvements within an established commercial setting.
Key Highlights
- 5,293 square feet on 0.31 acres
- M‑1 zoning for light manufacturing
- 15 ft shop ceilings and 17 ft truck‑bay ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,845
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,900
$636.9K
Cap Rate 7%
$454,929
$454.9K
Cap Rate 9%
$353,833
$353.8K
Market Conditions
NOI Build-Up for 5,293 SF
Gross rent
$38.9K $7.35/SF
− Vacancy
−$1.4K −$0.27/SF
EGI
$37.5K $7.08/SF
− OpEx
−$5.6K −$1.06/SF
NOI
$31.8K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,900
Cap Rate 7%
$454,929
Cap Rate 9%
$353,833
Alternative Uses
Best Use
Flex RnD
$782.1K
$684.3K – $912.4K
NOI $54,744 @ 7.0% cap · market cap 10.73%
Second Best
Warehouse
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 6.24%
Theoretical Best
Specialty Retail
$1.14M
$999.0K – $1.33M
NOI $79,916 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48340, MI
26,039
Population
12,154
Households
2.1
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
3,382
Density / Sq Mi
$46,474
Median Household Income
$32,954
Median Earnings
$1,096
Median Rent
$105,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 light manufacturing zoning supports warehouse, distribution, and production operations in Pontiac.
Where is this warehouse located?
The property is located at 73 W Walton Boulevard Pontiac, MI.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 5,293 square feet on 0.31 acres; M‑1 zoning for light manufacturing; 15 ft shop ceilings and 17 ft truck‑bay ceilings
