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Financial
Distress signals
Property profile

602 N Pontiac Trl B Walled Lake, MI 48390

FOR LEASE
Retail space
Property ID
US43-1446142
4,200 SF 0.86 ac lot Built 1974
Last sale Jun 2016
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Restaurant space located at 602 N Pontiac Trl B in Walled Lake, Michigan, within a building constructed in 1974. The space is configured for restaurant use and is intended for leasing, with a previously stated 24-month lease term. The area has a Walk Score of 66 (somewhat walkable) and a Bike Score of 44 (somewhat bikeable).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$242k
Effective rate5.14%

Value estimate

· Oct 2026
$385k
$347k – $424k
Submarket $/SF estimate$721k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 127,916.67% cap applied$23k

Realmo valuation models over county records and 35 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
County average, outlier-cleaned · 385 recorded sales of this use type
Observed band · Q1–Q3$79 – $263
Qualifying comparables35

Cap rate analysis

How does the asset earn?
127,916.67%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.9
Electrical Service12.1
Law Firm12.0

Location

602 N Pontiac Trl, Unit B Walled Lake, MI 48390
County assessor Recorded deeds · 3 transfers 35 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
139 Walled Lk, Walled Lake, MI 48390-3553 $440,000 Apr 2025 5,280 SF
297 Glengary, Wolverine Lake, MI 48390-1433 $479,600 Oct 2023 4,823 SF
929 Pontiac, Walled Lake, MI 48390-3235 $380,000 Dec 2022 2,668 SF
1760 Ew Maple, Walled Lake, MI 48390-3818 $650,000 Mar 2021 4,225 SF
1877 Ew Maple, Walled Lake, MI 48390-3821 $350,000 Jun 2019 4,880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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