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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Super regional malls
23200 Pontiac Trl, South Lyon, MI 48178-1983
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0104474
Property summary
AI-generated overview
This exceptional retail strip center, located at 23200 Pontiac Trail in South Lyon, Michigan, 48178, offers a fantastic leasing opportunity. The property totals 9,994 square feet and features a flexible layout suitable for various retail uses. Currently, 1,200 square feet of space is immediately available, with a maximum contiguous space of 7,036 square feet. Businesses can lease a minimum of 1,200 square feet. The property boasts a highly visible location and convenient access for customers. The modern design and well-maintained interior create a polished and inviting atmosphere. Ample parking is provided with 58 spaces, ensuring ease of access for both tenants and their customers. This prime location in the vibrant South Lyon community presents a unique chance to establish a thriving retail presence. The property is classified as a multi-tenant strip center. Don't miss this opportunity to secure a space in this desirable South Lyon retail center.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2005
Total area
10,059 SF
Lot
1.28 ac (55,757 SF)
Zoning code
BI
APN
K -21-29-301-002
UPID
US43-0104474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Elizabeth Morelli, MD Pediatrician Physician
-
Natalie Baer, MD Pediatrician Physician
-
Lauren E. Carney, DO Pediatrician Physician
-
Wilhelm Family Chiropractic and Massage Alternative Medicine Practice
-
Dr. Shan N. Ansari, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$655k
Owner & transaction history
Highland Ventures Real Estate II Ll · 4 yrs held
Highland Ventures Real Estate II Ll
since 2021
Last sale
$660,000
4 recorded transactions
Zoning & alternative use
BI · South Lyon, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Lyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lyon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Current use
INDUSTRIAL (GENERAL)
$815,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $660k (Aug 13 2021)
Last sale anchor
$660k
Aug 13 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,031
Tax year 2023
Assessed value
$583,890
Assessed 2024
Previous assessed
$560,100
+4.2% YoY
Effective rate
4.29%
On assessed value
Total market value
$1,167,780
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2005
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
10,059 SF
Lot
1.28 ac (55,757 SF)
Zoning code
BI
APN
K -21-29-301-002
UPID
US43-0104474
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · South Lyon, MI
Zoning BI · permitted uses
BI · South Lyon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Lyon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$935,000
INDUSTRIAL (GENERAL)
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Highland Ventures Real Estate II Ll
Entity
Mailing address
2701 W LAWRENCE AVE STE A, SPRINGFIELD, IL 62704-7215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
—
Highland Ventures Real Estate II Ll
Family Video Movie Club INC
Quit Claim Deed
related
$20,000,000 · The Huntington National Bank
Nov 29, 2018
—
Family Video Movie Club INC
—
Deed
related
$14,000,000 · The Huntington National Bank
Oct 12, 2004
$660,000
Family Video Movie Club INC
Woodstream Dev Co INC
Warranty Deed
—
Aug 31, 2001
$450,000
Woodstream Development Co INC
Poupore Trust
Grant Deed
$450,000 · Michigan Heritage Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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