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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Auto shops
861 Pontiac Trl, Walled Lake, MI 48390-3233
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-1396404
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2018
Total area
12,448 SF
Lot
0.67 ac (29,185 SF)
Zoning code
BI
APN
92-17-34-227-009
UPID
US43-1396404
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
Current use
Occupant on record · Public records
-
CORE Design Group, Inc Architect Electrical Engineer
-
Maher Water Damage Clean Up & Mold Removal Service Hardware & Home Improvement Construction Company
-
Maher Water Damage Cleanup & Mold Removal Hardware & Home Improvement Construction Company
-
Lume Cannabis Dispensary Walled Lake, MI (Bike/Boat/Book/etc) Store
-
Conner Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.19M
Owner & transaction history
Pontiac Trail Business Center INC · 11 yrs held
Pontiac Trail Business Center INC
since 2015
5 recorded transactions
Zoning & alternative use
BI · Walled Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+43.7%
Restaurant
$2.2M
+41.2%
Retail stores
$2.1M
+37.7%
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 Walled Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walled Lake 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,525,000
Current use
COMMERCIAL (GENERAL)
$2,195,000
Change: +44% · Conversion: Moderate
RESTAURANT
$2,155,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,100,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,965,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,935,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±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
$176 / 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
$53,328
Tax year 2023
Assessed value
$1,058,410
Assessed 2024
Previous assessed
$1,005,500
+5.3% YoY
Effective rate
5.04%
On assessed value
Total market value
$2,116,820
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2018
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
12,448 SF
Lot
0.67 ac (29,185 SF)
Zoning code
BI
APN
92-17-34-227-009
UPID
US43-1396404
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Walled Lake, MI
Zoning BI · permitted uses
BI · Walled Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walled Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Pontiac Trail Business Center INC
Entity
Mailing address
861 N PONTIAC TRL, WALLED LAKE, MI 48390-3233
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
—
Pontiac Trail Business Center INC
—
Deed
related
$1,160,000 · Independent Bank
May 28, 2015
—
Pontiac Trail Business Center INC
George Rink
Warranty Deed
$298,000 · Huron Valley State Bank
Dec 2, 2011
—
Rink George & M Living Trust
Rink,george & Marianne
Quit Claim Deed
—
Oct 27, 2008
—
Pontiac Trail Business Ctr INC
Rink,george & Marianne
Grant Deed
related
—
Jul 28, 2006
—
Wael Hannawa
Rink,george & Marianne
Grant Deed
—
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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