Pontiac Office Building For
For Sale
Contact for pricing
18 W Lawrence, Pontiac, MI 48342
15,000 SF office building in Pontiac, Michigan.
Property Size15,000 SF
Price / SF$46.60
Days on Market3321
Property Features for 18 W Lawrence
General Information
Standard status
Active
Size
15,000 SF
Class
B
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
Dominion Real Estate
Listed By:
Eric Banks · License #MI 6502360983
(248) 760-2525
Source:
Crexi
Added: Sep 26, 2017
Changed: Oct 25
Last Checked: Oct 28 at 5:34AM
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 Dominion Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with 15,000 square feet of space. The property is located in Pontiac, Michigan.
Key Highlights
- Office Property
- 15,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,638
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,760
$1.0M
Cap Rate 7%
$737,686
$737.7K
Cap Rate 9%
$573,756
$573.8K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$90.0K $6.00/SF
− Vacancy
−$21.2K −$1.41/SF
EGI
$68.9K $4.59/SF
− OpEx
−$17.2K −$1.15/SF
NOI
$51.6K $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 Rate 5%
$1,032,760
Cap Rate 7%
$737,686
Cap Rate 9%
$573,756
Alternative Uses
Best Use
Office B
$737.7K
$645.5K – $860.6K
NOI $51,638 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.24M
$2.83M – $3.77M
NOI $226,476 @ 7.0% cap · market cap 32.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 15,000 SF office building in Pontiac, Michigan.
Where is this office building located?
The property is located at 18 W Lawrence Pontiac, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Office Property; 15,000 SF
