Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    445 Elizabeth Lk Rda Pontiac, MI 48341-1021
    Back to Search
    Property profile & analytics

    445 Elizabeth Lk Rda Pontiac, MI 48341-1021

    View on Map
    • Retail space
    • 2,888 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US43-1608604
    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

    • iGeek Repair Center - iPhone Repair / Phone Repair / Pontiac - Waterford / Electronics & Wireless Store / Computer & Electronic Repair

    Property Details for 445 Elizabeth Lk Rda

    Year built
    2000
    Lot size
    0.23 lot acres
    Property size
    2,888 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    64-14-30-301-037
    APU
    641430301037

    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
    -83.3255
    Latitude
    42.6397
    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
    $5,885
    $0.00
    $0.00
    $114,000
    -
    $0.00
    $0.00
    $228,000

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      180 Orch Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      180 Orch Lk Rd, Pontiac, MI 48341-2248
      View Details
    • Value Estimation by Request
      800 SF

      224 Telegraph Rd

      Individual retail properties • 800 SF
      224 Telegraph Rd, Pontiac, MI 48341
      View Details
    • Value Estimation by Request
      3,424 SF

      211 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,424 SF
      211 Telegraph Rd, Pontiac, MI 48341-1935
      View Details
    • Value Estimation by Request
      1,228 SF

      671 Orch Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,228 SF
      671 Orch Lk Rd, Pontiac, MI 48341-2039
      View Details
    • Value Estimation by Request
      3,120 SF

      208 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      208 Telegraph Rd, Pontiac, MI 48341-1933
      View Details
    • Value Estimation
      $555,000
      7,755 SF

      45790 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,755 SF
      45790 Woodward Ave, Pontiac, MI 48341-5050
      View Details

    Similar Nearby for Sale

    • $160,000

      High-Traffic Commercial Corner Lot

      Commercial property with high visibility and expansion potential.
      580 W Huron St, Pontiac, MI 48341
      View Details
    • Contact for pricing

      Retail or Medical Spaces Available

      Two 1,700 SF spaces, combine to 3,400 SF.
      3339 Centerpoint Pkwy, Pontiac, MI 48341
      View Details
    • $249,900
      1,000 SF

      Waterford Commercial Building on Voorheis

      Remodeled 1,000 SF building with high visibility.
      2409 Voorheis St, Pontiac, MI 48341
      View Details
    • $2,200,000
      1,264 SF

      M1 Concourse Combined Units

      Rare combined units perfect for automotive display and entertaining.
      40 Straightaway Dr, Pontiac, MI 48341
      View Details
    • $3,150,000
      11,741 SF

      Pontiac Plaza with Liquor Store

      10-unit plaza with high-income liquor store for sale.
      694-722 W Huron St, Pontiac, MI 48341
      View Details
    • $475,000
      610 SF

      M1 Concourse Private Garage Unit

      Corner garage with track views, mezzanine, and full amenities.
      48 Pit Ln, Pontiac, MI 48341
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,210 SF

      Pontiac Retail Space For Lease

      Retail building with high visibility and traffic count.
      882-892 W Huron St, Pontiac, MI 48341
      View Details
    • Contact for pricing
      5,335 SF

      Retail Space Near Woodward Avenue

      Retail spaces available near M1 Concourse and Woodward Avenue.
      505 Blvd S, Pontiac, MI 48341
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Pontiac, Michigan.
      440 Elizabeth Lake Rd, Pontiac, MI 48341
      View Details
    • Contact for pricing

      Retail Spaces in Pontiac Center

      Community center with high traffic and ample parking.
      3 S Telegraph Rd, Pontiac, MI 48341
      View Details
    • Contact for pricing
      303,077 SF

      Class A Warehouse Distribution Building

      303,077 SF Class A warehouse/distribution building with ample parking.
      537 Bradford St, Pontiac, MI 48341
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    445 Elizabeth Lk Rda
    Pontiac, MI 48341-1021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    445 Elizabeth Lk Rda, Pontiac, MI, 48341
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!