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

    21555 Pontiac Trail Rd South Lyon, MI 48178

    • Medical offices
    • 6,821 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5211831
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 21555 Pontiac Trail Rd

    Year built
    2025
    Property size
    6,821 SF
    Property type
    Medical offices

    Description

    This exceptional Class A medical office condominium, located at 21555 Pontiac Trail in South Lyon, Michigan, 48178, offers a rare opportunity for medical professionals. The property boasts a total of 6,821 square feet, divided into two available suites perfect for a variety of medical practices. Currently, one suite (Suite A) is under contract with a prominent eye care center, leaving one additional suite available for purchase or lease. This development is anticipated to be completed in Spring 2025, representing one of the last remaining commercial parcels on the highly desirable Pontiac Trail. The building's modern design and prime location make it an ideal setting for a thriving medical practice. The available suite offers flexibility in its layout and design, allowing for customization to meet the specific needs of the future tenant or owner. This is a unique chance to establish a presence in a rapidly growing area with limited commercial land availability. The property's location provides excellent visibility and accessibility, ensuring a strong patient base. Serious inquiries are encouraged to explore this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6502976
    Latitude
    42.4391122

    Comparable in this City

    • $895,000
      0.55 Acres

      South Lyon Office/Retail Building

      2,062 SF Freestanding Building, Drive-Thru
      22990 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $115,900
      1,470 SF

      Colonial Acres Co-op End Unit

      55+ community, 2 bed, 2 bath condo with finished basement.
      25321 Potomac Dr, South Lyon, MI 48178
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    • $135,000

      Updated Ranch Co-Op for Seniors

      Updated two-bedroom ranch co-op for 55+ seniors.
      25323 Potomac Dr, South Lyon, MI 48178
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    • $450,000
      1,559 SF

      South Lyon Live/Work Opportunity

      Commercial building and a home on 1.16 acres in South Lyon.
      7300 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $1,500,000
      6.96 Acres

      South Lyon Commercial Land - 6.96 Acres

      Prime South Lyon development land, R3 zoning.
      500 Stryker St, South Lyon, MI 48178
      View Details
    • $130,000
      5.00 Acres

      South Lyon Wooded Land Parcel

      5-acre wooded land parcel in booming Lyon Township.
      25700 Milford Rd, South Lyon, MI 48178
      View Details

    Similar Nearby for Sale

    • $895,000
      0.55 Acres

      South Lyon Office/Retail Building

      2,062 SF Freestanding Building, Drive-Thru
      22990 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $115,900
      1,470 SF

      Colonial Acres Co-op End Unit

      55+ community, 2 bed, 2 bath condo with finished basement.
      25321 Potomac Dr, South Lyon, MI 48178
      View Details
    • $135,000

      Updated Ranch Co-Op for Seniors

      Updated two-bedroom ranch co-op for 55+ seniors.
      25323 Potomac Dr, South Lyon, MI 48178
      View Details
    • $450,000
      1,559 SF

      South Lyon Live/Work Opportunity

      Commercial building and a home on 1.16 acres in South Lyon.
      7300 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $5,100,000
      14,820 SF

      South Lyon Walgreens For Sale

      14,820 SF Walgreens in South Lyon, Michigan.
      22318 Pontiac Trl, South Lyon, MI 48178
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    • $2,000,000

      20 Acre Development Opportunity

      20 acre parcel suitable for residential or industrial development.
      1009 Fairhaven Dr, South Lyon, MI 48178
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      6,821 SF

      South Lyon Medical Office Condo

      Modern medical suites, prime location.
      21555 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $24 SF/Yr
      1,930 SF

      South Lyon Medical Suite Opportunity

      1,930 SF medical suite available for lease.
      21800 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $24 SF/Yr
      11,180 SF

      South Lyon Retail Space - 11,180 SF

      Prime South Lyon retail/office space, 11,180 sq ft, ample parking.
      25610 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • Contact for pricing
      6,575 SF

      Retail Space with Kitchen Infrastructure

      Retail space with kitchen infrastructure in walkable downtown location.
      264-304 N Lafayette St, South Lyon, MI 48178
      View Details
    • $20 SF/Yr
      3,000 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in a high-income, growing residential area.
      22385 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $8,000 /Mo
      13,000 SF

      South Lyon Commercial Building For Lease

      13,000 SF commercial building in prime location on Pontiac Trail.
      28342 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
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    South Lyon, MI 48178
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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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