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    Industrial Warehouse with Office Title is generated by Realmo AI

    73 W Walton Boulevard, Pontiac, MI 48340

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    For Sale
    $550,000

    COMMERCIAL - Pontiac, MI

    Property size:
    5,293 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $103/SF
    Added:
    Dec 20, 2024
    Days on Market:
    532
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 73 W Walton Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    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

    We can help!

    Listing Contact
    Jacob Riberas

    Listing agent Jacob Riberas License #6501418227

    Listing office Realteam Real Estate 45410 Van Dyke Ave., Shelby Township, MI

    Listing date Dec 20, 2024

    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.

    HighLights

    • Zoned M‑1, Light Manufacturing
    • Commercial warehouse built in 1960 with public water service
    • 15 ft ceilings in the shop area and 17 ft ceilings in the truck bay
    • Two overhead grade level garage doors plus 2 bathrooms
    • Heavy 3‑phase electrical and gas heaters throughout
    • Roof resealed in 2023

    Overview

    This industrial warehouse includes an office area at the front of the building, two bathrooms, and clear-height storage in the shop and truck bay areas, with 15-foot ceilings in the shop and 17-foot ceilings in the truck bay. The facility features two overhead grade-level garage doors and is supported by heavy 3-phase electrical service and gas heaters throughout. The roof was resealed in 2023, adding recent capital improvements for the building’s envelope.

    The property is located in Pontiac, Michigan. It sits on approximately 0.31 acres and is listed as zoned M-1, Light Manufacturing. The listing notes convenient access to major highways and local amenities.

    This configuration suits tenants or owners needing a flexible industrial layout that can support distribution and light manufacturing needs while maintaining on-site office space. The combination of office frontage, high ceilings, and two overhead grade-level doors is practical for operations that require straightforward loading and workable interior clear height.

    Local Financial Insights For Warehouse

    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 $38.9k $7.35
    − Vacancy −$1.4k −$0.27
    EGI $37.5k $7.08
    − OpEx −$5.6k −$1.06
    NOI $31.8k $6.02
    5,293 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $454.9K
    $398.1K – $530.8K (±1% cap)
    NOI $31,845 @ 7.0% cap · market cap 5.79%
    Second Best
    Industrial
    $374.6K
    $327.8K – $437.1K (±1% cap)
    NOI $26,225 @ 7.0% cap · market cap 4.77%
    Theoretical Best
    Specialty Retail
    $1.14M
    $999.0K – $1.33M (±1% cap)
    NOI $79,916 @ 7.0% cap · market cap 14.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allied Screen & Graphics Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.303438
    Latitude
    42.676629

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    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse with front office, high ceilings, and grade-level garage doors, zoned for light manufacturing.
    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 $550,000.
    What are key features of this property?
    This property features: Zoned M‑1, Light Manufacturing; Commercial warehouse built in 1960 with public water service; 15 ft ceilings in the shop area and 17 ft ceilings in the truck bay
    (248) 709-0424
    We can help!
    Listing Contact
    Jacob Riberas
    Real Estate License ID: 6501418227
    Request Owner's contact information
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    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.

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