Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    264 Apex Dr Pontiac, MI 48341

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    264 Apex Dr Pontiac, MI 48341

    View on Map
    • Mixed-use properties
    • 558 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 264 Apex Dr

    Property size
    558 SF
    Property type
    Mixed-use properties
    Property subtype
    Self storage facilities

    Description

    This exceptional 558-square-foot private garage at the prestigious M1 Concourse in Pontiac, Michigan, presents a unique investment opportunity. Located in Phase 4, this unit boasts extra-high ceilings and is priced affordably at $315,000 ($564.52/sq ft), making it the lowest-priced garage currently available within the development. Currently in its original "white box" condition, the space offers immense flexibility. Use it as is for secure vehicle storage, or customize it to create a personal retreat, home office, or workshop. The M1 Concourse community offers a vibrant lifestyle with regular events including parties, music festivals, and cruise nights, fostering a strong sense of community among car enthusiasts. Enjoy the convenience of easy access to these events, while also appreciating the privacy of your own dedicated space. Quarterly association dues are $332.33. The property is situated at 264 Apex Dr, Pontiac, MI 48341, adjacent to the race track. Buyers are responsible for verifying square footage and all provided information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2846
    Latitude
    42.6207

    Comparable in this City

    • Value Estimation by Request
      603 SF

      269 Apex Dr

      Automotive properties • 603 SF
      269 Apex Dr, Pontiac, MI 48341
      View Details
    • Value Estimation by Request
      2,410 SF

      40/41 Straightaway Dr

      Self storage facilities • 2,410 SF
      40/41 Straightaway Dr, Pontiac, MI 48341
      View Details
    • Value Estimation by Request
      1,327 SF

      277 Apex Dr

      Automotive properties • 1,327 SF
      277 Apex Dr, Pontiac, MI 48341
      View Details
    • Value Estimation by Request
      1,194 SF

      Speed Way

      Automotive properties • 1,194 SF
      0 Speed Way, Pontiac, MI 48341
      View Details
    • Value Estimation by Request

      Chicane Ln

      Automotive properties
      0 Chicane Ln, Pontiac, MI 48341
      View Details
    • Value Estimation
      $13,160,000
      99,907 SF

      540 Telegraph Rd

      MINI-WAREHOUSE, STORAGE • 99,907 SF
      540 Telegraph Rd, Pontiac, MI 48341-2375
      View Details

    Similar Nearby for Sale

    • $1,399,000
      1,307 SF

      M1 Concourse Rooftop Garage Unit

      Garage unit with mezzanine, track views, and entertaining space.
      145 Pit Ln, Pontiac, MI 48341
      View Details
    • $995,000

      Multi-Story Warehouse Near Woodward Avenue

      46,080 SF multi-story warehouse building for sale or lease.
      20 Franklin Rd, Pontiac, MI 48341
      View Details
    • Contact for pricing
      46,461 SF

      Pontiac Industrial Property For Sale

      Industrial property with recent upgrades, conveniently located near major highways.
      451 E Wilson Ave, Pontiac, MI 48341
      View Details
    • Contact for pricing
      558 SF

      M1 Concourse Private Garage Unit

      Private garage unit in a community of auto enthusiasts.
      264 Apex, Pontiac, MI 48341
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      303,077 SF

      Class A Warehouse Distribution Building

      303,077 SF Class A warehouse/distribution building with ample parking.
      537 Bradford St, Pontiac, MI 48341
      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 SF/Yr
      2,210 SF

      Pontiac Retail Space For Lease

      Retail building with high visibility and traffic count.
      882-892 W Huron St, Pontiac, MI 48341
      View Details
    • Contact for pricing

      Retail Spaces in Pontiac Center

      Community center with high traffic and ample parking.
      3 S Telegraph Rd, Pontiac, MI 48341
      View Details
    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.
    264 Apex Dr
    Pontiac, MI 48341
    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

    Thank You for Inquiry

    264 Apex Dr, Pontiac, MI, 48341

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!