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Property profile & analytics
OFF-MARKET
Estimated value
$47,685,000
Warehouses
500 Centerpoint N Pkwy, Pontiac, MI 48341-3171
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-1365171
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
362,000 SF
Lot
26.61 ac (1,159,132 SF)
Zoning code
II
APN
64-14-34-454-001
UPID
US43-1365171
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
-
Woodworth, Inc. Factory Production Facility
-
Rassini Brakes Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.68M
Blend (final)
Blend
$47.69M
Owner & transaction history
Woodworth Center Point LLC · 13 yrs held
Woodworth Center Point LLC
since 2012
6 recorded transactions
Zoning & alternative use
II · Pontiac, 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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$47.69M
Range $42.92M – $52.45M · ±10%
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
$132 / 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
$147,843
Tax year 2023
Assessed value
$3,498,960
Assessed 2024
Previous assessed
$3,344,400
+4.6% YoY
Effective rate
4.23%
On assessed value
Total market value
$6,997,920
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
362,000 SF
Lot
26.61 ac (1,159,132 SF)
Zoning code
II
APN
64-14-34-454-001
UPID
US43-1365171
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Pontiac, MI
Zoning II · permitted uses
II · 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.
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
26.61 ac
Current owner
From public records · entity-resolved
Woodworth Center Point LLC
Entity
Mailing address
500 CENTERPOINT PKWY N, PONTIAC, MI 48341-3171
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2012
—
Woodworth Center Point LLC
Us Bank NA 2004-pwr4
Grant Deed
$3,920,000 · Fifth Third Bank
Jun 19, 2012
—
Us Bank NA Series 2004-pwr4
Pontiac Centerpoint LLC
Quit Claim Deed
related
—
Jun 19, 2012
$8,125,000
Us Bk National Assn
Sheriff Of Oakland County
Trustees Deed
related
—
Feb 22, 2007
—
Pontiac Centerpoint LLC
Pontiac Holdings LLC
Quit Claim Deed
related
—
—
—
Woodworth Center Point LLC
—
Deed Of Trust
related
$6,000,000 · Symetra Life Insurance Co
—
—
Pontiac Holdings LLC
—
Deed Of Trust
related
$14,325,000 · Prudential Mortgage Capital Co
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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