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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Retail space
322 Walton Blvd Pontiac, MI 48340-1273
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1735209
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
9,776 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BV
APN
64-14-16-101-021
UPID
US43-1735209
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$992k
Blend (final)
Blend
$1.53M
Owner & transaction history
Alsibae Properties 4 LLC · 3 yrs held
Alsibae Properties 4 LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
BV · Pontiac, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+191.6%
Restaurant
$1.7M
+186.6%
Medical building
$1.5M
+161.4%
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 Pontiac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pontiac 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,720,000
Change: +192% · Conversion: Easy
RESTAURANT
$1,690,000
Change: +187% · Conversion: Easy
MEDICAL BUILDING
$1,545,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: +94% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.65M (Nov 18 2022)
Last sale anchor
$1.65M
Nov 18 2022
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
$156 / 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
$23,702
Tax year 2023
Assessed value
$414,910
Assessed 2024
Previous assessed
$399,880
+3.8% YoY
Effective rate
5.71%
On assessed value
Total market value
$829,820
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
YES
Stories
1
Units
1
Total area
9,776 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BV
APN
64-14-16-101-021
UPID
US43-1735209
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BV · Pontiac, MI
Zoning BV · permitted uses
BV · Pontiac, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pontiac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2016
Heating
YES
Stories
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Alsibae Properties 4 LLC
Entity
Mailing address
2379 HERONWOOD DR, BLOOMFIELD HILLS, MI 48302-0835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
$1,646,667
Alsibae Properties 4 LLC
Mark Messersmith
Warranty Deed
$1,225,000 · Citizens Bank NA
Mar 10, 2017
—
Mark H Messersmith
322 E Walton LLC
Warranty Deed
—
May 13, 2016
$65,000
322 E Walton LLC
Rpf Oil Company
Warranty Deed
—
Dec 1, 2005
—
Famco Services INC
Mcmanigal,michelle L
Quit Claim Deed
related
$77,320 · Lasalle Bank Midwest NA
Oct 6, 2003
$303,500
Dennis J Harris
Johnton,tr
Grant Deed
—
Oct 6, 2003
$305,000
Famco Services INC
Harris,dennis J
Grant Deed
—
Sep 6, 2002
—
Johnston,david J Tr
Mcmanigal,michelle L
Grant Deed
related
—
Aug 1, 2001
$150,000
James N Mcmanigal
Mazza,rudy H & Joy M
Grant Deed
—
Apr 11, 2001
—
Goldfarb Bonding Agency
Mcmanigal,james
Quit Claim Deed
related
—
Feb 2, 1998
—
James Mcmanigal
Mazza,rudy & Joy M
Grant Deed
$147,000 · Seller
—
—
Famco Service INC
—
Deed Of Trust
related
$8,720,972 · Comerica 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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