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Property profile & analytics
FOR SALE
Retail space
87 N Saginaw St Pontiac, MI 48342
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1446377
For Sale
1 / 62
$325,000
87 N Saginaw St, Pontiac, MI 48342
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
2,940 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BI
APN
64-14-29-429-010
UPID
US43-1446377
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
-
BNM Professional Warehousing Academy High School
-
Solei Inc Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
87 N Properties LLC · 6 yrs held
87 N Properties LLC
since 2020
Last sale
$78,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,639
Tax year 2023
Assessed value
$51,450
Assessed 2024
Previous assessed
$48,460
+6.2% YoY
Effective rate
5.13%
On assessed value
Total market value
$102,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1950
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,940 SF
Lot
0.07 ac (3,049 SF)
Zoning code
BI
APN
64-14-29-429-010
UPID
US43-1446377
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
1950
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
87 N Properties LLC
Entity
Mailing address
35 W HURON ST STE #208, PONTIAC, MI 48342-2123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
$200,000
87 N Properties LLC
87 N Saginaw Hcp LLC
Grant Deed
$157,377 · Bobby Bidawid
Nov 17, 2014
$78,000
87 N Saginaw Hcp LLC
Goodman,stephanie
Grant Deed
—
Aug 8, 2014
—
87 N Saginaw Hap LLC
Goodman,stephanie
Grant Deed
—
Apr 10, 2013
—
Stephanie Goodman
Goodman,stephanie
Quit Claim Deed
related
—
Sep 4, 2012
$50,000
Salvation Tire
Bauer Place LLC
Warranty Deed
$80,000 · Stephanie Goodman
Jul 29, 2011
—
Bauer Place LLC
Mccleary,rosemary & Mark T
Quit Claim Deed
related
—
Nov 29, 2010
—
Rosemary Mccleary
Mccleary,rosemary
Quit Claim Deed
related
—
Nov 3, 2010
—
Rosemary Mccleary
Baver,v Lovella
Quit Claim Deed
related
—
—
—
87 N Saginaw Hcp LLC
—
Deed Of Trust
related
$58,500 · Bank Of Birmingham
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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