Mixed-Use Property with
For Sale
$350,000
7300 Pontiac Trail, South Lyon, MI 48178
COMMERCIAL - South Lyon, MI
Property Size6,138 SF
Lot Size1.16 Acres
Price / SF$57.02
Days on Market303
Property Features for 7300 Pontiac Trail
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Interior features
Broadband
Elementary school district
South Lyon
Middle school district
South Lyon
High school district
South Lyon
Directions
Plymouth Road to Dixboro to Pontiac Trail
Subdivision
Ann Arbor/Washtenaw - A
Standard status
Active
APN
A-01-17-300-012
Size
6,138 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SM 17-10A (007 008 009) COM SW COR OF SEC, TH E 33 FT TO POB, TH N 99 FT, TH W 33 FT, TH N 74.5 FT, TH E 439.89 FTA TH
Tax Annual Amount
4250
Legal Description
SM 17-10A (007 008 009) COM SW COR OF SEC, TH E 33 FT TO POB, TH N 99 FT, TH W 33 FT, TH N 74.5 FT, TH E 439.89 FTA TH
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1840
Number of units
1
Building materials
Aluminum Siding, Vinyl Siding
Listing Agency:
Key Realty One LLC
(734) 273-9083
Listed By:
Diane Russell · License #6501380771
(734) 972-1299
Added: Oct 18, 2025
Changed: Aug 4
Last Checked: Aug 16 at 10:06PM
MLS# 25053789
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 4,638-square-foot commercial building with a separate 1,500-square-foot, two-bedroom, two-bath residence. The improvements occupy 1.16 acres and are offered in as-is, where-is condition. Interior and site features include broadband, forced-air heating, window-unit cooling, aluminum and vinyl siding, a basement, and a bathroom. The property was built in 1840.
Located at 7300 Pontiac Trail in South Lyon, the property is near downtown South Lyon and major highways. Water is supplied by a well, while wastewater service is provided through a septic tank. Cable service is available, adding another utility option for the site. The combined commercial and residential configuration supports the property’s mixed-use classification.
Located at 7300 Pontiac Trail in South Lyon, the property is near downtown South Lyon and major highways. Water is supplied by a well, while wastewater service is provided through a septic tank. Cable service is available, adding another utility option for the site. The combined commercial and residential configuration supports the property’s mixed-use classification.
Key Highlights
- 4,638‑square‑foot commercial building
- 1,500‑square‑foot home with 2 bedrooms and 2 bathrooms
- 1.16‑acre mixed‑use property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,130
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,600
$422.6K
Cap Rate 7%
$301,857
$301.9K
Cap Rate 9%
$234,778
$234.8K
Market Conditions
NOI Build-Up for 6,138 SF
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.
Gross rent
$36.8K $6.00/SF
− Vacancy
−$8.7K −$1.41/SF
EGI
$28.2K $4.59/SF
− OpEx
−$7.0K −$1.15/SF
NOI
$21.1K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$422,600
Cap Rate 7%
$301,857
Cap Rate 9%
$234,778
Alternative Uses
Best Use
Mixed Use
$887.8K
$776.8K – $1.04M
NOI $62,147 @ 7.0% cap · market cap 17.76%
Second Best
Office B
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 6.04%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,674 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 48178, MI
36,858
Population
14,402
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
48.0 sq mi
ZIP Area
768
Density / Sq Mi
$130,781
Median Household Income
$70,253
Median Earnings
$1,231
Median Rent
$392,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential improvements share a 1.16-acre property with well and septic service.
Where is this mixed-use property located?
The property is located at 7300 Pontiac Trail South Lyon, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4,638‑square‑foot commercial building; 1,500‑square‑foot home with 2 bedrooms and 2 bathrooms; 1.16‑acre mixed‑use property
