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    Property profile & analytics

    22990 Pontiac Trail Rd South Lyon, MI 48178

    • Medical offices
    • 2,062 SF
    • 0.55 lot acres
    For Sale
    View listing
    $895,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1667233
    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

    • HEALTHY URGENT CARE / Urgent Care Center
    • Austin Powell / Medical Clinic / Emergency Care Physician

    Property Details for 22990 Pontiac Trail Rd

    Year built
    1978
    Lot size
    0.55 lot acres
    Property size
    2,062 SF
    Zone code
    BI
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    K -21-29-303-027
    APU
    K2129303027

    Description

    This exceptional 2,062 square foot freestanding building, located at 22990 Pontiac Trail in South Lyon, Michigan, presents a unique investment opportunity. Built in 1978 and extensively renovated in 2019, the property boasts high-end medical finishes, having previously served as a bank and more recently as an urgent care facility. The single-story building sits on a 0.548-acre lot, offering convenient access from both Pontiac Trail and Marjorie Ann Street. Its prime corner location places it near downtown South Lyon and numerous national and regional retailers, ensuring high visibility and accessibility. The B-2 zoning allows for a wide range of uses, including medical offices, retail spaces, banks, and more. Permitted special land uses add further versatility, encompassing fast-food drive-thru restaurants, gas stations, and car washes. The property's drive-thru capability is a significant advantage, enhancing its appeal to a variety of potential businesses. This turnkey operation is offered at $895,000 and presents a compelling opportunity for owner-users seeking a well-maintained, strategically located commercial space in a thriving community. The APN is 21-29-303-027. This property is situated in Oakland County, Michigan, zip code 48178.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6502
    Latitude
    42.4516
    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
    $8,558
    $0.00
    $0.00
    $186,260
    -
    $0.00
    $0.00
    $372,520

    Comparable in this City

    • Value Estimation by Request
      2,300 SF

      314 Lafayette St

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      1,544 SF

      204 Whipple St

      MEDICAL BUILDING • 1,544 SF
      204 Whipple St, South Lyon, MI 48178-1114
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      2,603 SF

      327 Lafayette St

      MEDICAL BUILDING • 2,603 SF
      327 Lafayette St, South Lyon, MI 48178-4002
      View Details
    • Value Estimation by Request
      2,544 SF

      22024 Pontiac Trl

      MEDICAL BUILDING • 2,544 SF
      22024 Pontiac Trl, South Lyon, MI 48178-9410
      View Details
    • Value Estimation
      $1,495,000
      8,197 SF

      21800 Pontiac Trl

      MEDICAL BUILDING • 8,197 SF
      21800 Pontiac Trl, South Lyon, MI 48178-9499
      View Details
    • Value Estimation
      $550,000
      2,166 SF

      201 Lafayette St

      DENTAL BUILDING • 2,166 SF
      201 Lafayette St, South Lyon, MI 48178-1405
      View Details

    Similar Nearby for Sale

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      South Lyon Office/Retail Building

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    Similar Nearby for Lease

    • $240 SF/Yr
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      South Lyon Retail Space - 11,180 SF

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    • $8,000 /Mo
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      South Lyon Commercial Building For Lease

      13,000 SF commercial building in prime location on Pontiac Trail.
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    • $20 SF/Yr
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      Retail Space in Grocery-Anchored Center

      Retail space available in a high-income, growing residential area.
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      View Details
    • Contact for pricing
      6,575 SF

      Retail Space with Kitchen Infrastructure

      Retail space with kitchen infrastructure in walkable downtown location.
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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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