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    1350 S Lapeer Rd Oxford, MI 48371

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    Commercial space for rent on South Lapeer Road.

    Type:Retail
    Added:
    Sep 8, 2021
    Days on Market:
    1687
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1350 S Lapeer Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 1350 S Lapeer Rd Contact us

    Suite 1500C $15 /Mo

    Size
    4,287 SF
    Type
    Retail
    Contact us

    Suite 1350 $15 /Mo

    Size
    6,600 SF
    Type
    Retail
    Potentially available
    Contact us

    Suite 1470 $12 /Mo

    Size
    15,610 SF
    Type
    Retail
    Potentially available
    Contact us

    Suite 1460 $15 /Mo

    Size
    4,276 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Kathleen Garmo

    Listing agent Kathleen Garmo License #MI

    Listing office Keystone Commercial Real Estate

    Listing date Sep 8, 2021

    Source Crexi

    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 Keystone Commercial Real Estate

    Overview

    Prime Oxford Commercial Opportunity

    Located on South Lapeer Road in Oxford, Michigan, Oxford Mills is a commercial property featuring tenants such as Dollar General, Jimmy John's, AT&T, and Harbor Freight. The property offers 350 surface parking spaces and air conditioning. Situated just north of the Kroger Super Center and opposite the Oxford Hills Golf Club, the location provides high visibility on a busy thoroughfare. South Lapeer Road connects residents to shopping centers, restaurants, and other amenities along M-24 and near I-75. The area is primarily residential, with increased traffic closer to the city center and M-24. Oxford, Michigan, in Oakland County, combines small-town charm with modern conveniences. The downtown area is centered around M-24. The property is located approximately 30 miles north of Detroit, providing access to the city's attractions and resources.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clubhouse Inspiration Crisis Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2495652
    Latitude
    42.805349

    Nearby Similar for Lease

    • $15/mo

      High-Traffic Oxford Retail Opportunity

      Retail space in a high-traffic family entertainment venue.
      925 N Lapeer Rd, Oxford, MI 48371
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      Retail Space in Oxford

      Single tenant retail space available for rent.
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      Retail Space Inside Meijer

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      900 N Lapeer Rd, Oxford, MI 48371
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      Retail Space Available For Rent

      Single tenant retail space with 825 square feet.
      113 S Washington, Oxford, MI 98626
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      Oxford Retail Space For Lease

      Retail space available for lease in Oxford, Michigan.
      158-182 S Washington St, Oxford, MI 48371
      View Details
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      Oxford Retail Shopping Center Space

      Retail space available in Oxford Retail Shopping Center.
      565 N Lapeer Rd, Oxford, MI 48371
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      Oxford Office Space Available

      Office space available for rent in Oxford, Michigan.
      72 S Washington St, Oxford, MI 48371
      View Details
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      Oxford Office Space For Lease

      Office space available for lease in Oxford, Michigan.
      5 N Washington, Oxford, MI 48371
      View Details

    FAQs

    What type of property is this?
    Shopping center - Commercial space for rent on South Lapeer Road.
    Where is this shopping center located?
    The property is located at 1350 S Lapeer Rd Oxford, MI.
    What are key features of this property?
    This property features: Prime commercial location on South Lapeer Road (Hwy 24) with high visibility; Strong tenant lineup including Dollar General, Jimmy John's, AT&T, and Harbor Freight; Ample parking with 350 surface spaces
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kathleen Garmo
    Real Estate License ID: MI
    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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