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    1850 Perry St Pontiac, MI 48340-2230
    Property profile & analytics

    1850 Perry St, Pontiac, MI 48340-2230

    View on Map
    • Retail space
    • 32,400 SF
    • 4.11 lot acres
    Off-Market
    Last Sale Dec 12, 2022
    $2,185,000
    Property ID
    US43-0795498
    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
    $2,300,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oakland County Michigan Works! Pontiac / Business Service Center / Employment Agency
    • Job Link Career Center / Employment Agency
    • Pontiac Collective Impact Partnership / Charitable Organization / Social Service Agency

    Property Details for 1850 Perry St

    Year built
    2007
    Lot size
    4.11 lot acres
    Property type
    Retail space
    APN
    64-14-15-276-002
    APU
    641415276002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,995,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,410,000
      Market price range: $1.28M - $3.29M
      AI Estimate
      $2,410,000
      Market price range: $1.28M - $3.29M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,955,000
      Current use
      OFFICE BUILDING
      $3,800,000
      Change: +94% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,015,000
      Change: +54% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,625,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2516
    Latitude
    42.6758
    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
    $10,412
    $0.00
    $0.00
    $1,003,810
    -
    $0.00
    $0.00
    $2,007,620

    Comparable in this City

    • Value Estimation by Request
      1,436 SF

      1246 Perry St

      RETAIL STORES (PERSONAL SERVICES)
      1246 Perry St, Pontiac, MI 48340-3136
      View Details
    • Value Estimation by Request
      4,050 SF

      1473 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES)
      1473 Baldwin Ave, Pontiac, MI 48340-1103
      View Details
    • Value Estimation
      $1,095,000
      8,320 SF

      735 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES)
      735 Baldwin Ave, Pontiac, MI 48340-2501
      View Details
    • Value Estimation by Request
      10,928 SF

      1200 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES)
      1200 Baldwin Ave, Pontiac, MI 48340-1906
      View Details
    • Value Estimation by Request
      3,788 SF

      1475 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES)
      1475 Baldwin Ave, Pontiac, MI 48340-1103
      View Details
    • Value Estimation by Request
      2,011 SF

      1134 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES)
      1134 Baldwin Ave, Pontiac, MI 48340-2706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,259 SF

      Remus Retail Space Available

      Retail space available for sale in Remus, Michigan.
      2646 9 Mile Rd, Remus, MI 48340
      View Details
    • $689,900
      3,450 SF

      Pontiac Retail Opportunity For Sale

      Former bank building with drive-thru and large parking lot.
      900 Joslyn Ave, Pontiac, MI 48340
      View Details
    • $95,000
      0.31 Acres

      Vacant Land in Pontiac, MI

      Highly visible corner lot with potential for various business uses.
      Pontiac, MI 48340
      View Details
    • $1,999,999

      Renovated Building on 3.26 Acres

      Newly renovated building with versatile zoning in high-traffic area.
      1065 N Perry St, Pontiac, MI 48340
      View Details
    • $299,900
      5.55 Acres

      Pontiac Land Opportunity

      5.55 acres of land in Pontiac, Michigan.
      1699 Giddings Rd, Pontiac, MI 48340
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,200 SF

      Pontiac Retail Spaces Available

      Retail spaces for rent in Pontiac, Michigan.
      325 W Walton Blvd, Pontiac, MI 48340
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Busy Corridor

      10,000 SF retail space with high visibility signage.
      1850 N Perry St, Pontiac, MI 48340
      View Details
    • Contact for pricing

      Acre Available For Lease

      Approximately 1 acre available for lease in Pontiac, Michigan.
      618 Walton Blvd, Pontiac, MI 48340
      View Details
    • Contact for pricing

      Freestanding Retail Building with Sign

      Former Family Dollar available for lease in Remus, Michigan.
      2646 9 Mile Rd, Remus, MI 48340
      View Details
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    Pontiac, MI 48340-2230
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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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