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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Office buildings
761 Huron St, Pontiac, MI 48341-1573
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0286683
Property summary
AI-generated overview
This exceptional 26,725-square-foot office building presents a unique redevelopment opportunity in Pontiac, Michigan. Located at 761 W Huron Street, this five-story, Class C property, built in 1956, sits on a substantial 2.65-acre lot (APN 14-30-384-016) and is zoned C-3 Corridor Commercial. The building, formerly a bank, offers 155 units and boasts two elevator shafts and a basement. On-site parking accommodates 46 vehicles. The property's strategic location near M-59 ensures high traffic visibility. Previous approvals exist for a drive-thru on the first floor and for 155 self-storage units on the land behind the building, opening up diverse development possibilities including office, retail, multifamily, or self-storage uses. Note that cellular tower rights are not included in the sale. This is an ideal investment for a creative developer seeking to capitalize on a prime location and flexible zoning.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
26,727 SF
Lot
2.65 ac (115,434 SF)
Zoning code
BI
APN
64-14-30-384-016
UPID
US43-0286683
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.37M
Owner & transaction history
Tvt I LLC · 4 yrs held
Tvt I LLC
since 2022
7 recorded transactions
Zoning & alternative use
BI · 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
$1.37M
Range $1.23M – $1.51M · ±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
$51 / 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
$18,629
Tax year 2023
Assessed value
$344,570
Assessed 2024
Previous assessed
$331,100
+4.1% YoY
Effective rate
5.41%
On assessed value
Total market value
$689,140
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
26,727 SF
Lot
2.65 ac (115,434 SF)
Zoning code
BI
APN
64-14-30-384-016
UPID
US43-0286683
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Pontiac, MI
Zoning BI · permitted uses
BI · 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
1956
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Tvt I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11800 E 9TH MILE RD, WARREN, MI 48089-2588
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Tvt I LLC
Huron Property Investment LLC
Assignment Of Lease (leasehold Sale)
—
Sep 17, 2019
—
Huron Property Investments LLC
Ross & Barr INC
Quit Claim Deed
related
—
Jul 23, 2019
$230,000
Ross & Barr INC
Meisner,andrew E
Grant Deed
related
—
May 19, 2004
—
Sprint Spectrum
Lancaster York
Grant Deed
related
—
Oct 21, 1999
—
Lancaster & York LLC
Cr Investment Co
Quit Claim Deed
related
—
Nov 2, 1998
$410,000
Cr Investment Company
Great Lakes Natl Bank Michigan
Grant Deed
—
—
—
C R Investment Co
—
Deed Of Trust
related
$307,500 · Great Lakes Nat'l Bank Michiga
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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