Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    618 Walton Blvd Pontiac, MI 48340
    Back to Search
    Property profile & analytics

    618 Walton Blvd Pontiac, MI 48340

    View on Map
    • Automotive properties
    • 4,918 SF
    • 7.65 lot acres
    For Lease
    $825,000
    View Listing →
    Acre Available For Lease For Lease
    $825,000

    Acre Available For Lease

    Approximately 1 acre available for lease in Pontiac, Michigan.

    618 Walton Blvd., Pontiac, MI 48340
    View Listing
    Property ID
    US43-0295958
    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
    $825,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oakland County Used Cars VOA / Car Dealership
    • Pontiac Public Auto Auction / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 618 Walton Blvd

    Lot size
    7.65 lot acres
    Property size
    4,918 SF
    Zone code
    RV
    Property type
    Automotive properties
    APN
    64-14-16-201-029
    APU
    641416201029

    Description

    This exceptional 1-acre parcel, located at 618 E Walton Blvd in Oakland County, presents a unique opportunity for retail development or redevelopment. Currently zoned C4 and designated for retail use, this property offers significant potential for a variety of commercial ventures. The site's previous use as a car dealership, complete with a mobile sales office, provides a solid foundation for future development, potentially minimizing initial site preparation costs. The single-tenant zoning allows for a streamlined development process, focusing on a singular, impactful commercial presence. The expansive 1-acre lot provides ample space for building construction, ample parking, and landscaping, ensuring a prominent and attractive retail location. Its strategic location within Oakland County offers excellent visibility and accessibility, attracting a substantial customer base. This property is ideal for entrepreneurs seeking a high-impact location to establish a new business or for existing businesses looking to expand their reach. The existing infrastructure from the former car dealership may offer cost savings in site preparation. Serious inquiries are encouraged to explore the possibilities this prime retail land presents. Detailed zoning information and site plans are available upon request. Don't miss this chance to secure a highly desirable retail location in a thriving Oakland County market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $860,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $865,000
      MEDICAL BUILDING
      $775,000
      OFFICE BUILDING
      $575,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2782
    Latitude
    42.6758
    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
    $22,987
    $0.00
    $0.00
    $416,540
    -
    $0.00
    $0.00
    $833,080

    Comparable in this City

    • Value Estimation
      $1,575,000
      28,242 SF

      580 Walton Blvd

      VEHICLE SALES, RENTALS • 28,242 SF
      580 Walton Blvd, Pontiac, MI 48340-1357
      View Details
    • Value Estimation
      $1,465,000
      19,850 SF

      959 Cesar E Chavez Ave

      VEHICLE SALES, RENTALS • 19,850 SF
      959 Cesar E Chavez Ave, Pontiac, MI 48340-2338
      View Details
    • Value Estimation by Request
      1,036 SF

      278 Walton Blvd

      AUTO REPAIR, GARAGE • 1,036 SF
      278 Walton Blvd, Pontiac, MI 48340-1039
      View Details
    • Value Estimation by Request
      1,465 SF

      1153 Baldwin Ave

      AUTO REPAIR, GARAGE • 1,465 SF
      1153 Baldwin Ave, Pontiac, MI 48340-2707
      View Details
    • Value Estimation by Request
      4,964 SF

      1501 Baldwin Ave

      AUTO REPAIR, GARAGE • 4,964 SF
      1501 Baldwin Ave, Pontiac, MI 48340-1107
      View Details
    • Value Estimation by Request
      3,287 SF

      1234 Baldwin Ave

      AUTO REPAIR, GARAGE • 3,287 SF
      1234 Baldwin Ave, Pontiac, MI 48340-1908
      View Details

    Similar Nearby for Sale

    • $95,000
      0.31 Acres

      Vacant Land in Pontiac, MI

      Highly visible corner lot with potential for various business uses.
      Pontiac, MI 48340
      View Details
    • $1,999,999

      Renovated Building on 3.26 Acres

      Newly renovated building with versatile zoning in high-traffic area.
      1065 N Perry St, Pontiac, MI 48340
      View Details
    • $689,900
      3,450 SF

      Pontiac Retail Opportunity For Sale

      Former bank building with drive-thru and large parking lot.
      900 Joslyn Ave, Pontiac, MI 48340
      View Details
    • $499,900
      4,800 SF

      Pontiac Industrial Building with Apartment

      Industrial building with apartment near I-75 and Auburn Hills.
      1570 Baldwin Ave, Pontiac, MI 48340
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Acre Available For Lease

      Approximately 1 acre available for lease in Pontiac, Michigan.
      618 Walton Blvd, Pontiac, MI 48340
      View Details
    • $3,000 /Mo
      1,200 SF

      Pontiac Retail Spaces Available

      Retail spaces for rent in Pontiac, Michigan.
      325 W Walton Blvd, Pontiac, MI 48340
      View Details
    • Contact for pricing

      Freestanding Retail Building with Sign

      Former Family Dollar available for lease in Remus, Michigan.
      2646 9 Mile Rd, Remus, MI 48340
      View Details
    View Listing
    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.
    618 Walton Blvd
    Pontiac, MI 48340
    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
    618 Walton Blvd, Pontiac, MI, 48340
    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!