Financial
Distress signals
Property profile

500 Auburn Ave Pontiac, MI 48342

FOR SALE
Other warehouses
Property ID
US43-0228385
22,687 SF 0.72 ac lot Built 1950
Last sale Sep 2024 · $269,012
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a remodeled industrial-flex building configured for a variety of commercial and industrial uses. It includes a finished 2,880 SF open office/showroom area at the front, and the interior is supported by upgraded electrical, plumbing, HVAC systems, and LED lighting. Clear heights vary from 12 feet to 22 feet, with truck wells that include one 8' x 8' and two 10' x 12' overhead doors, plus three additional garage doors providing multiple access points. The building has

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$202k
Effective rate5.07%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$168k
Vacancy & credit loss−$6k
Operating expenses−$48k
NOI · 1,614,785.71% cap applied$113k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$309/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$30 – $569
Qualifying comparables4

Cap rate analysis

How does the asset earn?
1,614,785.71%
$113k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.5
Law Firm17.7
Dental Office17.1

Location

500 Auburn Ave Pontiac, MI 48342
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
698 Auburn, Pontiac, MI 48342-3304 $1,486,467 Apr 2024 9,628 SF
392 Sanford, Pontiac, MI 48342-3448 $365,000 Aug 2023 10,273 SF
7 Glenwood, Pontiac, MI 48342 $5,250,000 May 2023 9,784 SF
729 Linda Vis, Pontiac, MI 48342-1657 $100,000 Sep 2021 51,124 SF
487 Saginaw, Pontiac, MI 48342-1459 $330,000 Oct 2020 13,736 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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