Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2.71 Acre Parcel For Sale Title is generated by Realmo AI

    E Market St, Oxford, MI 48371

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.71 acre parcel in path of development for sale.

    Type:Land
    Lot size:
    2.71 Acres
    Added:
    Jun 22, 2023
    Days on Market:
    1080
    Last Refresh:
    May 12 at 8:38 pm

    Property Features for E Market St

    General Information

    Standard status
    Active
    Lot size
    2.71 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Todd Szymczak

    Listing agent Todd Szymczak License #MI 6501338373

    Listing office NAI Farbman

    Listing date Jun 22, 2023

    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 NAI Farbman

    HighLights

    • Located in the path of development.
    • Anchored by a Meijer Superstore.
    • Adjacent to a planned large medical facility by Corewell Health (Beaumont).
    • New apartments are located to the east.
    • New retail is located to the west.
    • Parcel size is 2.71 (+/-) acres.

    Overview

    This 2.71 acre parcel is positioned in an area experiencing active development. New apartments are located to the east, and new retail spaces are situated to the west. The property is located within a retail district anchored by a Meijer superstore. Corewell Health owns the adjacent 22-acre parcel to the south and is planning a large medical facility, which is expected to increase traffic to the area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2647015
    Latitude
    42.837411

    Nearby Similar for Sale

    • $359,900
      2,707 SF

      Three-Unit Multifamily Property

      Three well-kept units with a mix of bedroom sizes, plus updated heating and hot water systems.
      59 E Burdick Street, Oxford, MI 48371
      View Details
    • $350,000

      27 Acres Vacant Land Metamora

      27 acres of vacant land in a prime location.
      Parcel 4 Lapeer Road, Metamora Twp, MI 48371
      View Details
    • $385,000

      Vacant Land Near M-24

      32+ acres of vacant land in prime location.
      Parcel 5 Lapeer Road, Metamora Twp, MI 48371
      View Details
    • $99,900

      Land in Prime Metamora Location

      Vacant land near M-24, ideal for building a home.
      Parcel 1 Lapeer Road, Metamora Twp, MI 48371
      View Details
    • $190,000

      Oxford Vacant Land For Sale

      2.5 acre lot in Oxford Twp. to build dream home.
      750 E Harmony Hills Parkway, Oxford, MI 48371
      View Details
    • $4,500,000
      61,937 SF

      Oxford Industrial Warehouse For Sale

      61,937 SF industrial warehouse property in Oxford, Michigan.
      Xcelsior Dr 2470, Oxford, MI
      View Details
    • $1,350,000
      9,057 SF

      High-Visibility Commercial Opportunity on M-24

      Commercial building and residence on 0.92 acres with high visibility.
      666 S Lapeer Rd, Oxford, MI 48371
      View Details
    • $750,000
      6 SF

      North Oakland County Industrial Land

      Industrial land opportunity in North Oakland County, just off M-24.
      3271 Metamora Road, Oxford, MI, 48371
      View Details
    • $650,000
      2 SF

      Development Parcel Near Corewell Health

      2.71 acre development parcel in growing retail district.
      E Market Street, Oxford, MI 48371
      View Details
    • $1,499,900

      82-Acre Land Parcel on M-24

      Large land parcel near developments, primed for various uses.
      0000 BRAUER Rd, MetamoraTownship_Lapeer, MI 48371
      View Details
    • $80,000

      Residential Land in Great Pines

      Residential land in a well-maintained, private, and scenic community.
      225 GREAT PINES Drive, Oxford Twp, MI 48371
      View Details
    • $499,000
      1,954 SF

      Medical/Office Space with Garage

      Versatile space ideal for medical or office use.
      950 S LAPEER Road, Oxford Charter Township, MI 48371
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.71 acre parcel in path of development for sale.
    Where is this commercial land located?
    The property is located at E Market St Oxford, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Located in the path of development.; Anchored by a Meijer Superstore.; Adjacent to a planned large medical facility by Corewell Health (Beaumont).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Szymczak
    Real Estate License ID: MI 6501338373
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    E Market St, Oxford, MI 48371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!