Freestanding Flex
For Sale
Contact for pricing
49287 West Rd., Wixom, MI 48393
Office-heavy configuration includes warehouse support space and multiple drive-in doors.
Property Size13,000 SF
Price / SF$183.85
Days on Market95
Property Features for 49287 West Rd.
General Information
Standard status
Active
Size
13,000 SF
Total Parking Spaces
51
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
3,500 SF
Office Build-Out
9,500 SF
Drive-In Doors
8
Building Details
Year Built
2016
Buildings
1
Building Size
13,000 SF
Listing Agency:
Cushman & Wakefield Michigan
(248) 358-6100
Listed By:
Steve Kozak
(248) 358-6100
Source:
Moodyscre
Added: May 28
Changed: Aug 30
Last Checked: Aug 30 at 5:26AM
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 Cushman & Wakefield Michigan
Investment Insights
Based on property information with market context.
This freestanding flex property contains 13,000 SF of building area, with 9,500 SF dedicated to offices and 3,500 SF configured as warehouse space. Completed in 2016, the building offers 20-foot warehouse clear height and eight drive-in doors measuring 12 feet wide by 14 feet high. Surface parking provides 51 spaces for employees, visitors, and operations.
The property is located near the intersection of West Rd. and Wixom Rd. in Wixom, Michigan, combining office capacity with dedicated warehouse functionality in a single commercial building.
The property is located near the intersection of West Rd. and Wixom Rd. in Wixom, Michigan, combining office capacity with dedicated warehouse functionality in a single commercial building.
Key Highlights
- 13,000 SF freestanding building completed in 2016
- 9,500 SF of office area and 3,500 SF of warehouse space
- 20‑foot warehouse clear height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$134,456
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,689,120
$2.7M
Cap Rate 7%
$1,920,800
$1.9M
Cap Rate 9%
$1,493,956
$1.5M
Market Conditions
NOI Build-Up for 13,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$234.0K $18.00/SF
− Vacancy
−$27.1K −$2.09/SF
EGI
$206.9K $15.91/SF
− OpEx
−$72.4K −$5.57/SF
NOI
$134.5K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,689,120
Cap Rate 7%
$1,920,800
Cap Rate 9%
$1,493,956
Alternative Uses
Best Use
Flex RnD
$1.92M
$1.68M – $2.24M
NOI $134,456 @ 7.0% cap · market cap 5.63%
Second Best
Warehouse
$1.12M
$977.7K – $1.30M
NOI $78,212 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $196,279 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
8
Drive-in doors
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48393, MI
20,257
Population
9,847
Households
2.1
Avg Household Size
36
Median Age
43%
College-Educated
96%
High-School Grad
13.6 sq mi
ZIP Area
1,489
Density / Sq Mi
$67,194
Median Household Income
$44,862
Median Earnings
$975
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office-heavy configuration includes warehouse support space and multiple drive-in doors.
Where is this flex space located?
The property is located at 49287 West Rd. Wixom, MI.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: 13,000 SF freestanding building completed in 2016; 9,500 SF of office area and 3,500 SF of warehouse space; 20‑foot warehouse clear height
