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    Retail Space in North Park Plaza Title is generated by Realmo AI

    2051-2133 N Wixom Road, Wixom, MI 48393

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    High-visibility retail spaces available in Wixom, near I-96.

    Type:Retail
    Property size:
    44,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    173
    Last Refresh:
    Dec 3 at 5:17 am

    Property Features for 2051-2133 N Wixom Road

    General Information

    Standard status
    Active
    Size
    44,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 2051-2133 N Wixom Road Contact us

    We can help!

    Listing Contact
    Sean Zaher, SIOR
    Sean Zaher, SIOR

    Listing agent Sean Zaher, SIOR License #S.0175473

    Listing office NAI Farbman - Corporate

    Listing date Nov 21, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate

    HighLights

    • High‑visibility, high‑traffic location near I‑96.
    • Ample parking with smooth ingress/egress.
    • Strong co‑tenancy with established businesses like Dollar Tree and Marcos Pizza.
    • Space available from 1,500‑8,000 SF and 7,000‑14,000 SF.
    • Under new professional management with attractive lease rates.
    • Located in a growing residential area close to major employers.

    Overview

    North Park Plaza, located at 2051 N Wixom Rd in Wixom, Michigan, presents a leasing opportunity in a high-traffic location near I-96. The retail center is well-maintained and features ample parking. It benefits from strong co-tenancy with established businesses. The location is suitable for retailers, service providers, and professional services. Under new professional management, North Park Plaza offers attractive lease rates, exposure, accessibility, and value. The property is surrounded by growing residential communities and is close to major employers. Spaces available range from 1,500 to 8,000 square feet and from 7,000 to 14,000 square feet. The property is located on the southwest corner of Wixom and Loon Lake Road. It is suitable for retail, office, and medical users, with smooth ingress and egress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5393291
    Latitude
    42.5525052

    Nearby Similar for Lease

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      Retail Space in North Park Plaza

      Retail, office, and medical spaces available in Wixom, Michigan.
      2051 2133 N Wixom Rd, Wixom, MI
      View Details
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      Wixom Industrial Suites Available

      Suites available in a well-maintained industrial park north of I-96.
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      Retail Space Near Pontiac Trail

      Retail space available south of Pontiac Trail, east of Wixom Road.
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      New Office Space For Lease

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    FAQs

    What type of property is this?
    Shopping center - High-visibility retail spaces available in Wixom, near I-96.
    Where is this shopping center located?
    The property is located at 2051-2133 N Wixom Road Wixom, MI.
    What are key features of this property?
    This property features: High‑visibility, high‑traffic location near I‑96.; Ample parking with smooth ingress/egress.; Strong co‑tenancy with established businesses like Dollar Tree and Marcos Pizza.
    (248) 351-4367
    We can help!
    Listing Contact
    Sean Zaher, SIOR
    Sean Zaher, SIOR
    Real Estate License ID: S.0175473
    Learn More
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    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
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