Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1950 Wixom Rd Wixom, MI 48393

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 3-acre commercial lot, excellent location.

    Property Features for 1950 Wixom Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    We can help!

    Listing Contact
    Brian Crawford
    Brian Crawford

    Listing Agency: NAI Farbman Southfield Listing Agent: Brian Crawford

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

    Learn more

    Overview

    This exceptional 3-acre commercial land parcel, located at 1950 N Wixom Road in Wixom, Michigan (zip code 48393), presents a unique investment opportunity. The property boasts a generous lot size, measuring approximately 200 feet by 657 feet, and is zoned B2, allowing for a variety of commercial uses. All utilities are readily available, simplifying development and reducing upfront costs. Situated in Oakland County, this site benefits from strong demographics and a thriving local economy, making it an ideal location for businesses seeking high visibility and accessibility. The asking price for this strategically located land is $899,000. Its convenient location and versatile zoning make it suitable for a wide range of commercial ventures. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Department Store 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
    -83.5375892
    Latitude
    42.5491273

    Nearby Similar for Sale

    • $1,945,000
      13,898 SF

      Wixom Light Industrial Opportunity

      Versatile building in Wixom's industrial corridor with high ceilings.
      47840 Anna Ct, Wixom, MI 48393
      View Details
    • Contact for pricing
      20,000 SF

      Wixom Multi-Tenant Office Asset

      20,000 SF multi-tenant office building in Wixom, Michigan.
      28004 Center Oaks Ct, Wixom, MI 48393
      View Details
    • Contact for pricing

      First-Floor Condo in Maple Forest

      Spacious condo with finished basement and updated features.
      746 Red Maple Ln, Wixom, MI 48393
      View Details
    • $399,900
      1,493 SF

      Versatile Commercial Property in Wixom

      IRO zoned property suitable for office, research, or light industrial.
      50274 Grand River Ave, Wixom, MI 48393
      View Details
    • Contact for pricing
      44,000 SF

      North Park Plaza Retail Space

      Wixom, MI Strip Center - Prime Retail Space Available
      2051 Wixom Rd, Wixom, MI 48393
      View Details
    • $3,081,875
      24,655 SF

      Wixom Flex Building For Sale

      24,655 SF Flex Space, Prime Location
      47000 Liberty Dr, Wixom, MI 48393
      View Details
    • Contact for pricing
      9 SF

      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
      49100-49140 Wixom Tech Dr | Wixom, Wixom, MI 48393
      View Details
    • $2,342,225
      24,655 SF

      Well-Maintained Flex Building For Sale

      24,655 SF flex building for sale or lease.
      47000 Liberty Dr, Wixom, MI 48393
      View Details
    • $25,000,000

      30990 Wixom Rd

      Specialty properties
      30990 Wixom Rd, Wixom, MI 48393
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3-acre commercial lot, excellent location.
    Where is this land located?
    The property is located at 1950 Wixom Rd Wixom, MI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 3-acre site ideal for development.; 200' x 657' lot dimensions.; All utilities available on-site.
    (248) 353-0500 Call to check price and availability
    Request Owner's contact information
    1950 Wixom Rd Wixom, MI 48393
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1950 Wixom Rd
    Wixom, MI 48393
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1950 Wixom Rd Wixom, MI 48393
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Crawford
    Brian Crawford
    Real Estate License ID: 6501297834
    (248) 353-0500 (248) 561-9586 (248) 351-4376
    Learn more
    Google sign-in failed. Please try again or use another login method.