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    1030 Featherstone St Pontiac, MI 48342-1830
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    Property profile & analytics

    1030 Featherstone St, Pontiac, MI 48342-1830

    View on Map
    • Auto shops
    • 28,020 SF
    • 27.28 lot acres
    Off-Market
    Last Sale Jul 9, 2021
    $1,873,950
    Property ID
    US43-1503217
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kaltz Excavating / General Contractor / Construction Company

    Property Details for 1030 Featherstone St

    Year built
    2017
    Lot size
    27.28 lot acres
    Zone code
    UI
    Property type
    Auto shops
    APN
    64-14-27-126-006
    APU
    641427126006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 9, 2021 $1,873,950 Amazon Com Services LLC Kaltz Featherstone I LLC Warranty Deed —
    Mar 21, 2017 $1,800,000 Kaltz Featherstone I LLC Consumers Energy Co Quit Claim Deed · related —
    Aug 12, 1998 — 850 Featherstone INC — Deed Of Trust · related $1.4M · Tmg Life Insurance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,335,000
      Market price range: $944k - $2.62M
      AI Estimate
      $2,335,000
      Market price range: $944k - $2.62M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,885,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,610,000
      Change: +39% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,270,000
      Change: +20% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2613
    Latitude
    42.6466
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $51,131
    $0.00
    $0.00
    $974,240
    -
    $0.00
    $0.00
    $1,948,480

    Comparable in this City

    • Value Estimation by Request
      1,702 SF

      190 Montcalm St

      AUTO REPAIR, GARAGE
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    • Value Estimation by Request
      7,727 SF

      156 Montcalm St

      AUTO REPAIR, GARAGE
      156 Montcalm St, Pontiac, MI 48342-1144
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    • Value Estimation by Request
      2,298 SF

      253 Pike St

      AUTO REPAIR, GARAGE
      253 Pike St, Pontiac, MI 48342-2637
      View Details
    • Value Estimation by Request
      1,200 SF

      44 Rundell St

      AUTO REPAIR, GARAGE
      44 Rundell St, Pontiac, MI 48342-1364
      View Details
    • Value Estimation by Request
      1,200 SF

      193 Saginaw St

      AUTO REPAIR, GARAGE
      193 Saginaw St, Pontiac, MI 48342-2231
      View Details
    • Value Estimation
      $510,000
      11,091 SF

      467 Auburn Ave

      AUTO REPAIR, GARAGE
      467 Auburn Ave, Pontiac, MI 48342-3213
      View Details

    Similar Nearby for Sale

    • $149,000

      Auto Shop with Service Bays

      Well-equipped auto repair shop with two service bays.
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    • New
      $150,000
      1,672 SF

      Commercial C-3 Corridor Site

      Commercially zoned site offering redevelopment flexibility with an existing history as a self-serve car wash.
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      1,672 SF

      Commercially Zoned Property For Sale

      Commercially zoned property, formerly a car wash, with redevelopment potential.
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    • $160,000

      Commercially Zoned Property For Sale

      Commercially zoned property, formerly car wash, great investment opportunity.
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    • $200,000
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      Pontiac Vacant Commercial Building

      Vacant 4904 SF building suitable for multiple uses.
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      9,045 SF

      High-Visibility Investment Opportunity on University

      Versatile commercial property on 1.34 acres, ideal for investors.
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    Similar Nearby for Lease

    • Contact for pricing

      Move-In Ready Industrial/Flex Space

      Remodeled industrial/flex space with high ceilings and main-road frontage.
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    • $5,000 /Mo

      Versatile Commercial Building in Pontiac

      Two-story commercial building with flexible space in downtown Pontiac.
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    • $800 /Mo

      Storefront or Office Space Available

      Lease opportunity: storefront or office near courthouse.
      77 N Saginaw St, Pontiac, MI 48342
      View Details
    • $160,000

      Free-Standing Retail Building with Drive-Thru

      Free-standing retail building with a drive-thru window and versatile layout for a variety of service and retail concepts.
      360 Martin Luther King Jr Blvd N, Pontiac, MI 48342
      View Details
    • Contact for pricing
      9,840 SF

      Retail Space in Pontiac, MI

      Retail space available for lease in Pontiac, Michigan.
      29 S Saginaw 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
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    Pontiac, MI 48342-1830
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    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
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