Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    885 Orchard Lake Rd Pontiac, MI 48341

    • Auto shops
    • 1,246 SF
    • 0.33 lot acres
    For Sale
    View listing
    $365,000
    Last Sale
    Sep 19, 2022
    $240,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1381931
    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.

    Current Use by Public Records

    • Caregivers Enterprise / Home Health Care Service
    • Step 1 Auto Inc / Auto Repair Shop
    • A1 Auto Service / Auto Tune Up Service

    Property Details for 885 Orchard Lake Rd

    Year built
    1954
    Lot size
    0.33 lot acres
    Property size
    1,246 SF
    Zone code
    BI
    Property type
    Auto shops
    APN
    64-14-31-378-005
    APU
    641431378005

    Description

    This 1,500 square foot warehouse located at 885 Orchard Lake Road in Pontiac, Michigan, presents a prime opportunity for an owner-user. The property boasts a desirable C-1 zoning classification, offering versatility for various business uses. The building features two dock-high doors, facilitating efficient loading and unloading of goods. Ample parking is available with 20 spaces, conveniently accessed through two 20-foot wide gates. The expansive lot provides approximately 145 feet of frontage on Man Road, enhancing visibility and accessibility. Further enhancing the property's appeal is a fenced yard, providing security and additional storage space. The asking price for this well-situated warehouse is $365,000. The property's prominent location also benefits from pylon signage opportunities. Situated in Oakland County, Michigan, with a zip code of 48341, this warehouse offers a compelling combination of functionality, location, and value. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $220,000
      MEDICAL BUILDING
      $195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3173
    Latitude
    42.6218
    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
    $3,087
    $0.00
    $0.00
    $51,050
    -
    $0.00
    $0.00
    $102,100

    Comparable in this City

    • Value Estimation by Request
      10,535 SF

      120 Pike St

      AUTO REPAIR, GARAGE • 10,535 SF
      120 Pike St, Pontiac, MI 48341-1747
      View Details
    • Value Estimation by Request
      4,480 SF

      754 Orch Lk Rd

      AUTO REPAIR, GARAGE • 4,480 SF
      754 Orch Lk Rd, Pontiac, MI 48341-2040
      View Details
    • Value Estimation by Request
      2,280 SF

      157 Ss W Blvd

      AUTO REPAIR, GARAGE • 2,280 SF
      157 Ss W Blvd, Pontiac, MI 48341-2967
      View Details
    • Value Estimation by Request
      17,229 SF

      245 Ss E Blvd

      AUTO REPAIR, GARAGE • 17,229 SF
      245 Ss E Blvd, Pontiac, MI 48341-2987
      View Details
    • Value Estimation by Request
      23,261 SF

      576 Telegraph Rd

      AUTO REPAIR, GARAGE • 23,261 SF
      576 Telegraph Rd, Pontiac, MI 48341-2375
      View Details
    • Value Estimation by Request
      23,261 SF

      580 Telegraph Rd

      AUTO REPAIR, GARAGE • 23,261 SF
      580 Telegraph Rd, Pontiac, MI 48341-2375
      View Details

    Similar Nearby for Sale

    • $299,000

      M1 Concourse Private Garage

      Private garage unit in a community of auto enthusiasts.
      264 Apex Dr, Pontiac, MI 48341
      View Details
    • $390,000

      M1 Concourse Private Garage Unit

      725 SF garage unit in Pontiac's M1 Concourse.
      223 Chicane Ln, Pontiac, MI 48341
      View Details
    • $285,000
      558 SF

      M1 Concourse Private Garage Unit

      558 SF garage unit in Pontiac's M1 Concourse community.
      264 Apex Dr, Pontiac, MI 48341
      View Details
    • $320,000

      M1 Concourse Private Garage

      559 SF Private Garage, Pontiac, MI
      0 Chicane Ln, Pontiac, MI 48341
      View Details
    • $1,399,000
      1,307 SF

      M1 Concourse Rooftop Garage Unit

      Garage unit with mezzanine, track views, and entertaining space.
      145 Pit Ln, Pontiac, MI 48341
      View Details
    • $695,000
      1,264 SF

      M1 Concourse Private Garage Unit

      Private garage unit at M1 Concourse, Pontiac, MI.
      62 W Speed Way, Pontiac, MI 48341
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pontiac Commercial Property for Rent

      Commercial property available for rent in Pontiac, Michigan.
      44200 Woodward Ave, 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
    • $660 /Mo
      4,000 SF

      Prime Pontiac Retail Space

      Brand new, 4,000 sq ft retail space.
      440 Elizabeth Lake Rd, Pontiac, MI 48341
      View Details
    • $1,240 /Mo

      Pontiac Medical Building Office Space

      Medical building with ample office space for lease.
      35 S Johnson St, 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
    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.
    885 Orchard Lake Rd
    Pontiac, MI 48341
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.