Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    618 Walton Blvd. Pontiac, MI 48340

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Approximately 1 acre available for lease in Pontiac, Michigan.

    Type:Retail, Land
    Lot size:
    1.00 Acre
    Added:
    Apr 18, 2024
    Days on Market:
    733
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 618 Walton Blvd.

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Retail, Land

    Spaces For Lease

    at 618 Walton Blvd. Contact us

    We can help!

    Listing Contact
    Kris Pawlowski

    Listing agent Kris Pawlowski License #MI 6501292698

    Listing office Signature Associates

    Listing date Apr 18, 2024

    Source Crexi

    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 Signature Associates

    Overview

    Acre Available For Lease

    Approximately 1 acre is available for lease. The site was formerly a car dealership and includes a mobile sales office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oakland County Used ... Car Dealership Pontiac Public Auto ... Trade Show Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2782117
    Latitude
    42.6758255

    Nearby Similar for Lease

    • Contact for pricing

      Pontiac Industrial Lot For Lease

      Industrial lot for lease in a prime Pontiac location.
      123 E Montcalm Street, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Versatile Commercial Building in Pontiac

      Two-story commercial building with flexible space in downtown Pontiac.
      70 Lafayette St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Downtown Pontiac Corner Location

      High-visibility space in revitalized Downtown Pontiac, suitable for retail/office.
      67 N Saginaw St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Pontiac Industrial Building For Lease

      16,000 SF industrial building with office space for lease.
      180 N Saginaw St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Move-In Ready Industrial/Flex Space

      Remodeled industrial/flex space with high ceilings and main-road frontage.
      500 Auburn Ave, Pontiac, MI 48342
      View Details
    • $9/mo

      Retail Space in Pontiac, MI

      Retail space available for lease in Pontiac, Michigan.
      29 S Saginaw St, Pontiac, MI
      View Details
    • Contact for pricing

      Secure Warehouse Space Available

      1500 sq ft warehouse with office and restroom.
      495 Perry St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Class A Warehouse Distribution Building

      303,077 SF Class A warehouse/distribution building with ample parking.
      537 Bradford St, Pontiac, MI
      View Details
    • Contact for pricing

      Pontiac Warehouse Space Available

      165,000 sq ft warehouse space in Pontiac, Michigan.
      Pontiac, MI, USA, Pontiac, MI, 48302
      View Details
    • Contact for pricing

      Pontiac Retail Spaces Available

      Retail spaces for rent in Pontiac, Michigan.
      325 W WALTON BLVD, Pontiac, MI 48340
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Pontiac, Michigan.
      440 Elizabeth Lake Rd, Pontiac, MI 48341
      View Details
    • $13/mo

      Pontiac Retail Space For Lease

      Retail building with high visibility and traffic count.
      882-892 W Huron St, Pontiac, MI
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 1 acre available for lease in Pontiac, Michigan.
    Where is this commercial land located?
    The property is located at 618 Walton Blvd. Pontiac, MI.
    What are key features of this property?
    This property features: Approximately 1 acre available for lease; Former car dealership site; Mobile sales office included
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kris Pawlowski
    Real Estate License ID: MI 6501292698
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!