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    761 Huron St Pontiac, MI 48341-1573
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    Property profile & analytics

    761 Huron St Pontiac, MI 48341-1573

    View on Map
    • Office buildings
    • 26,727 SF
    • 2.65 lot acres
    Off-Market
    Property ID
    US43-0286683
    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
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 761 Huron St

    Year built
    1956
    Lot size
    2.65 lot acres
    Property size
    26,727 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    64-14-30-384-016
    APU
    641430384016

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,908,000
      Market price range: $1.91M - $4.45M
      AI Estimate
      $835,000
      Market price range: $835k - $3.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3204
    Latitude
    42.6343
    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
    $18,629
    $0.00
    $0.00
    $344,570
    -
    $0.00
    $0.00
    $689,140

    Comparable in this City

    • Value Estimation by Request
      1,576 SF

      874 Huron St

      OFFICE BUILDING • 1,576 SF
      874 Huron St, Pontiac, MI 48341-1533
      View Details
    • Value Estimation
      $645,000
      11,298 SF

      44200 Woodward Ave Ste, Unit 102

      OFFICE BUILDING • 11,298 SF
      44200 Woodward Ave Ste, Pontiac, MI 48341-5046
      View Details
    • Value Estimation by Request
      4,124 SF

      44200 Woodward Ave Ste, Unit 207

      OFFICE BUILDING • 4,124 SF
      44200 Woodward Ave Ste, Pontiac, MI 48341-5045
      View Details
    • Value Estimation by Request
      1,503 SF

      Pontiac, MI 48341

      OFFICE BUILDING • 1,503 SF
      Pontiac, MI 48341
      View Details
    • Value Estimation by Request
      25,492 SF

      35 Johnson St

      OFFICE BUILDING • 25,492 SF
      35 Johnson St, Pontiac, MI 48341-1658
      View Details
    • Value Estimation by Request
      2,481 SF

      149 Franklin Rd

      OFFICE BUILDING • 2,481 SF
      149 Franklin Rd, Pontiac, MI 48341-2222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      View Details
    • $250,000

      Pontiac Office Building on Telegraph

      Commercial office building in Pontiac's Lakes Area on Telegraph Road.
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    • $2,200,000
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      M1 Concourse Combined Units

      Rare combined units perfect for automotive display and entertaining.
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      Retail or Medical Spaces Available

      Two 1,700 SF spaces, combine to 3,400 SF.
      3339 Centerpoint Pkwy, Pontiac, MI 48341
      View Details
    • Contact for pricing
      91,242 SF

      Medical Facility Near Trinity Hospital

      Class A medical facility located across from Trinity Health Oakland Hospital.
      44200 Woodward Ave, Pontiac, MI 48341
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,335 SF

      Retail Space Near Woodward Avenue

      Retail spaces available near M1 Concourse and Woodward Avenue.
      505 Blvd S, Pontiac, MI 48341
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Pontiac, Michigan.
      440 Elizabeth Lake Rd, Pontiac, MI 48341
      View Details
    • Contact for pricing
      303,077 SF

      Class A Warehouse Distribution Building

      303,077 SF Class A warehouse/distribution building with ample parking.
      537 Bradford St, Pontiac, MI 48341
      View Details
    • $13 SF/Yr
      2,210 SF

      Pontiac Retail Space For Lease

      Retail building with high visibility and traffic count.
      882-892 W Huron St, Pontiac, MI 48341
      View Details
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    Pontiac, MI 48341-1573
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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.

    More about this property
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