500 Pontiac TrlWalled Lake, MI 48390
- Retail space
- 12,105 SF
Property Details for 500 Pontiac Trl
- Year built
- 1954
- Lot size
- 0.36 AC
- Property size (Sq ft)
- 12,105 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- 92-17-34-276-022
- APU
- 921734276022
Description
This exceptional 1,120 square foot executive office suite is located on the second floor of a well-maintained, two-story building at 500 N Pontiac Trail in Oakland County. The property, built in 1954, offers a total of 6,053 square feet and is classified as Class B. The suite itself features two interior offices, each with windows, providing ample natural light. A prominent monument sign placard is available for tenant branding. The building offers convenient access with 10 total parking spaces. The property is zoned C-2, allowing for a variety of commercial uses. The suite is part of a multi-tenant building, providing a collaborative and professional environment. This is an excellent opportunity for a business seeking a move-in ready space with a desirable location in Oakland County. The APN is 17-34-276-022. The property's convenient location and ample parking make it an attractive option for employees and clients alike. This space is ideal for businesses seeking a professional and efficient workspace in a well-established commercial area. The available space is 1,120 square feet, representing a portion of the building's total 6,053 square feet. The property is ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,351,600
- 6.5%
- $2,170,710
- 7%
- $2,015,660
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,177,590
- Geo Method
- $1,177,590
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $4,211,520
- Mixed-Use / Specialty
- $2,171,690
- Hospitality / Lodging
- $1,604,650
- Office
- $2,167,870
- Institutional / Educational
- $2,260,800
- Residential Income
- $2,645,140
- Multifamily
- $3,124,100
- Automotive / Energy
- $1,937,830
- Parking / Income-Based Land
- $660,107
- Restaurant / Food Service
- $1,148,120
- Healthcare / Senior Housing
- $2,218,090
Location Insight
- City
- Walled Lake
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5347
- Longitude
- -83.4828
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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