2805 Pontiac Lk RdWaterford Twp, MI 48328

Property Details for 2805 Pontiac Lk Rd

Year built

1999

Lot size

1.98 AC

Property size (Sq ft)

16,733 SF

Property type

Office buildings

APN

W -13-24-302-013

APU

W1324302013

Description

This exceptional two-story, 15,770 square foot office building presents a compelling value-add investment or owner-user opportunity in Waterford Township, Oakland County, Michigan. Located at 2805 Pontiac Lake Road, 48328, this Class B property sits on a generous 1.98-acre lot, offering significant potential for future expansion. Built in 1999, the building features four units and boasts unique amenities including heated sidewalks and a 1,471 square foot garage with generator backup for the IT room. The interior showcases attractive features such as cool vaulted ceilings and hardwood floors. The asking price is $1,275,000, translating to $80.85 per square foot – a price point significantly below replacement cost. The property's zoning is Office O-1. Its prime location near the Oakland County Circuit Court makes it particularly attractive to law firms and businesses frequently interacting with county offices. The substantial lot size provides ample room for future building expansion or increased parking. This fee-simple ownership opportunity offers a rare combination of attractive features, excellent location, and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,864,488

  6.5%

  $2,644,142

  7%

  $2,455,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,565,205

  Geo Method

  $1,565,205

• Alternative Use

  Use

  Valuation

  Residential

  $3,278,737

  Hospitality

  $3,003,305

  Educational

  $2,498,715

  Medical

  $2,584,650

  Retail

  $3,886,890

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.6536

Longitude

-83.343

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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