Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    179 Edison St Pontiac, MI 48342

    Property Lookup

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

    179 Edison St Pontiac, MI 48342

    View on Map
    • Specialty properties
    • 4,904 SF
    • 0.23 lot acres
    For Sale
    $200,000
    View Listing →
    Pontiac Vacant Commercial Building For Sale
    $200,000
    4,904 SF

    Pontiac Vacant Commercial Building

    Vacant 4904 SF building suitable for multiple uses.

    179 EDISON Street, Pontiac, MI 48342
    View Listing
    Property ID
    US43-1743568
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 179 Edison St

    Year built
    1927
    Lot size
    0.23 lot acres
    Property size
    4,904 SF
    Zone code
    RI
    Property type
    Specialty properties
    APN
    64-14-20-480-031
    APU
    641420480031

    Description

    This exceptional 4,900 square foot industrial building presents a remarkable investment opportunity in the vibrant city of Pontiac, Michigan. Situated on a 0.23-acre lot at 179 Edison, this property boasts high visibility due to its location on a busy street with significant traffic flow. Currently vacant, this versatile space offers a multitude of potential uses, including residential, retail, office, warehouse, or a mixed-use development. The building's layout is comprised of two floors. The main floor features four distinct sections and a restroom. The lower level provides ample storage space. The structure is in excellent condition and ready for immediate occupancy, featuring recent upgrades including a newer roof, HVAC system, electrical wiring, and plumbing. Currently zoned R-1 (residential), there's potential for rezoning to commercial use, unlocking even greater possibilities for the astute investor. This property is priced competitively at $230,000 and represents a rare chance to acquire a well-maintained building in a prime location with significant upside potential. Don't miss this chance to secure your future in Pontiac.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2919
    Latitude
    42.6491
    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
    2023
    $5,255
    $0.00
    $0.00
    $79,470
    -
    $0.00
    $0.00
    $158,940

    Comparable in this City

    • Value Estimation by Request
      1,539 SF

      487 Perry St

      CHARITABLE ORGANIZATION • 1,539 SF
      487 Perry St, Pontiac, MI 48342-2451
      View Details
    • Value Estimation
      $630,000
      17,178 SF

      339 Paddock St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 17,178 SF
      339 Paddock St, Pontiac, MI 48342-3437
      View Details
    • Value Estimation by Request
      3,258 SF

      575 Pike St

      CHARITABLE ORGANIZATION • 3,258 SF
      575 Pike St, Pontiac, MI 48342-2972
      View Details
    • Value Estimation
      $740,000
      12,628 SF

      501 University Dr

      CHARITABLE ORGANIZATION • 12,628 SF
      501 University Dr, Pontiac, MI 48342-2555
      View Details
    • Value Estimation
      $590,000
      23,437 SF

      34 Oakland Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 23,437 SF
      34 Oakland Ave, Pontiac, MI 48342-2043
      View Details
    • Value Estimation by Request
      6,414 SF

      121 Chamberlain St

      CHARITABLE ORGANIZATION • 6,414 SF
      121 Chamberlain St, Pontiac, MI 48342-1475
      View Details

    Similar Nearby for Sale

    • $4,158,000

      Pontiac Industrial Park Property

      Industrial property available in Pontiac, Michigan.
      70 E Silverdome Industrial Park, Pontiac, MI 48342
      View Details
    • $2,600,000
      11,207 SF

      Pontiac Retail Building - $2.6M

      11,207 SF Vacant Retail Space, Drive-Thru
      360 Martin Luther King Jr Blvd, Pontiac, MI 48342
      View Details
    • Contact for pricing
      260,586 SF

      Versatile Development Opportunity in Pontiac

      Prime land with commercial and light industrial zoning availabilities.
      1 S Glenwood Ave, Pontiac, MI 48342
      View Details
    • Contact for pricing
      11,207 SF

      NNN Lease Retail Property

      Retail property with absolute NNN lease and zero landlord responsibilities.
      360 Martin Luther King Jr Blvd N, Pontiac, MI 48342
      View Details
    • $399,000
      4,250 SF

      Redevelopment Opportunity on Hard Corner

      0.36 AC corner lot with existing 5,800 SF building.
      747 Perry St, Pontiac, MI 48342
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Secure Warehouse Space Available

      1500 sq ft warehouse with office and restroom.
      495 Perry St, Pontiac, MI 48342
      View Details
    • $1,400 /Mo

      Pontiac Industrial Lot For Lease

      Industrial lot for lease in prime Pontiac location.
      123 E Montcalm 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

      Downtown Pontiac Corner Location

      High-visibility space in revitalized Downtown Pontiac, suitable for retail/office.
      67 N Saginaw St, Pontiac, MI 48342
      View Details
    View Listing
    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.
    179 Edison St
    Pontiac, MI 48342
    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!