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    614 Cesar E Chavez Ave Pontiac, MI 48342-1057
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    Property profile & analytics

    614 Cesar E Chavez Ave Pontiac, MI 48342-1057

    View on Map
    • Office buildings
    • 493 SF
    • 0.40 lot acres
    Off-Market
    Last Sale Dec 11, 2025
    Property ID
    US43-0268382
    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

    • Office buildings

    Property Details for 614 Cesar E Chavez Ave

    Year built
    1960
    Lot size
    0.40 lot acres
    Property size
    493 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    64-14-19-431-008
    APU
    641419431008

    Description

    This exceptional business opportunity encompasses a 500-square-foot auto shop, storefront, and car wash situated on a 0.4-acre lot in Pontiac, Michigan. Located at 614 Cesar E Chavez Ave, this property boasts a highly visible street frontage on a major thoroughfare with over 18,000 vehicles passing daily. The building, constructed in 1960 and extensively renovated in 2024, features a single story and is zoned C-3, allowing for a variety of uses. The property includes a fenced-in parking lot with capacity for approximately 50 vehicles. The interior and exterior have undergone recent renovations, including a new roof and repaved lot. This turnkey operation includes a used car dealership license currently undergoing renewal, which will transfer to the new owner. The property's prime location near downtown Pontiac, Woodward Avenue, and the M-59 corridor provides unparalleled access to a large customer base in Oakland County. This is a motivated seller opportunity. The APN is 1419431008. Asking price is $395,000.

    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
    -83.3096
    Latitude
    42.6525
    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
    $1,808
    $0.00
    $0.00
    $32,950
    -
    $0.00
    $0.00
    $65,900

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      16 Huron St

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      10,064 SF

      46777 Woodward Ave

      OFFICE BUILDING • 10,064 SF
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    Similar Nearby for Sale

    • $300,000
      1,240 SF

      Office Building Near Woodward Avenue

      Office building near Woodward Ave with paved parking.
      592 Cesar E Chavez Ave, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Pontiac Office Building For Sale

      Office building with stable income and redevelopment potential in Pontiac.
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    • $699,000
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      Pontiac Office Building For Sale

      15,000 SF office building in Pontiac, Michigan.
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    • $2,900,000
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      Pontiac Office Building For Sale

      32,000 SF office building available for sale in Pontiac.
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    • $599,900

      Versatile Investment Opportunity on University

      High-visibility property suited for diverse commercial applications.
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    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
      View Details
    • $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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    • $5,000 /Mo

      Versatile Commercial Building in Pontiac

      Two-story commercial building with flexible space in downtown Pontiac.
      70 Lafayette St, 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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    Pontiac, MI 48342-1057
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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.

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