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    31 Allison St Pontiac, MI 48342
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    Property profile & analytics

    31 Allison St Pontiac, MI 48342

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    • Commercial real estate
    • 3,746 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US43-2704703
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 31 Allison St

    Year built
    1965
    Lot size
    0.13 lot acres
    Property size
    3,746 SF
    Property type
    Commercial real estate
    APN
    1429183007

    Description

    This compelling investment opportunity presents a three-story, five-unit multifamily building located at 31 Allison St, Pontiac, MI 48342. The property, built in 1965, boasts a total of 3,746 square feet of net rentable space, situated on a 0.13-acre lot (APN 1429183007). Currently generating a robust monthly rental income of $3,680 through five leased units (one 1-bedroom unit renting for $500, and two 2-bedroom units each renting for $695 and $895 respectively), this property offers significant income potential. The building features forced-air, natural gas heating, public sewer and water, and aluminum siding. The foundation is a poured basement. Convenient parking is located behind the building. The property is zoned for multi-family residential use. The tax assessed value is $73,080, with annual taxes totaling $2,421. The asking price is $299,900, resulting in a price per square foot of $80.06. This property represents a strong addition to any investment portfolio. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2998649
    Latitude
    42.6439482

    Comparable in this City

    • New
      $599,999
      4,256 SF

      Spacious Multifamily Investment Opportunity

      Six-unit multifamily property in Pontiac with individual utilities.
      109 Cadillac St, Pontiac, MI 48342
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    • New
      $150,000
      Pending

      Well-Maintained Duplex in Pontiac

      Two-family building with long-term tenants and separate utilities.
      344 N Perry St, Pontiac, MI 48342
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      7,500 SF

      Fully Leased Pontiac Investment Property

      Stabilized, fully leased mixed-use property with diverse tenant mix.
      16 E Lawrence St, Pontiac, MI 48342
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      7,500 SF

      Mixed-Use Building in Downtown Pontiac

      Multi-family mixed-use building in up-and-coming Downtown Pontiac.
      21 N Saginaw St, Pontiac, MI 48342
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      10,000 SF

      17 W Lawrence St, Pontiac, MI 48342

      Mixed-use properties • 10,000 SF
      17 W Lawrence St, Pontiac, MI 48342
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    Similar Nearby for Sale

    • New
      $599,999
      4,256 SF

      Spacious Multifamily Investment Opportunity

      Six-unit multifamily property in Pontiac with individual utilities.
      109 Cadillac St, Pontiac, MI 48342
      View Details
    • New
      $150,000
      Pending

      Well-Maintained Duplex in Pontiac

      Two-family building with long-term tenants and separate utilities.
      344 N Perry St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      7,500 SF

      Fully Leased Pontiac Investment Property

      Stabilized, fully leased mixed-use property with diverse tenant mix.
      16 E Lawrence St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      7,500 SF

      Mixed-Use Building in Downtown Pontiac

      Multi-family mixed-use building in up-and-coming Downtown Pontiac.
      21 N Saginaw St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      10,000 SF

      17 W Lawrence St, Pontiac, MI 48342

      Mixed-use properties • 10,000 SF
      17 W Lawrence St, Pontiac, MI 48342
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Storefront or Office Space Available

      Lease opportunity: storefront or office near courthouse.
      77 N Saginaw St, Pontiac, MI 48342
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    • $11 SF/Yr

      Pontiac Office Space Available

      Office spaces available in Pontiac, ranging from 2,250 to 5,000 SqFt.
      18 W Lawrence St, Pontiac, MI 48342
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      Pontiac Warehouse Space For Lease

      Multi-tenant warehouse with included utilities near Auburn Hills.
      60 Baldwin Ave, Pontiac, MI 48342
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    • Contact for pricing

      Downtown Pontiac Corner Location

      High-visibility space in revitalized Downtown Pontiac, suitable for retail/office.
      67 N Saginaw St, Pontiac, MI 48342
      View Details
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    31 Allison St
    Pontiac, MI 48342
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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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