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 Market142
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
Listed By:
Steve Kozak
(248) 358-6100
Source:
Moodyscre
Added: May 28
Changed: Oct 13
Last Checked: Oct 14 at 11:49PM
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
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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 / Yr
$134,456
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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
