Property profile

2409 Voorheis St Pontiac, MI 48341

FOR SALE
Office buildings
Property ID
US43-5272829
972 SF 0.17 ac lot Built 1945
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Commercial building located on Voorheis Street in Waterford, offering frontage on a public roadway. The property is approximately 1,000 square feet and is situated on a 0.17-acre lot, zoned C-1, with a fenced outdoor area that includes an outside patio and Trex decking enclosed by a white vinyl fence. The building is fully handicap accessible and includes a retained plumbing system, as it was previously used as a salon. Interior features include a kitchenette with quartz and granite counters, with a refrigerator, dishwasher, and cabinetry; recessed lighting; and a Nest thermostat. It has double-pane argon vinyl windows with screens and a surround PA/music system, along with a phone/communications setup and an IT hub. Security and access-related components include a wireless key fob entry system, a universal security system, and wired security cameras. Mechanical and water heating systems include a roof-mounted 5-ton HVAC AC/furnace unit (with replaced fan motor and circuit board), a newer rubber roof installed in 2009, and a newer on-demand tankless water heater. Site improvements include a parking lot that was updated with a 2-inch cap, and the exterior has been painted. The property has multiple designated areas for road signage.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Total area 972 SF
Lot 0.17 ac (7,405 SF)
Zoning code BI
APN W -13-36-206-002
UPID US43-5272829

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Construction Company

Location

2409 Voorheis St Pontiac, MI 48341
Pontiac metro Census 145400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2012
5 recorded transactions
2012
$50,000
2010
Price N/A
2008
Price N/A
2007
$70,000
2004
$59,900

Zoning & alternative use

BI · Pontiac, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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