Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29234-29248 Lyon Oaks Dr Wixom, MI 48393
    Back to Search
    Property profile & analytics

    29234-29248 Lyon Oaks Dr, Wixom, MI 48393

    View on Map
    • Warehouses
    • 23,104 SF
    • 2.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 29234-29248 Lyon Oaks Dr

    Year built
    2003
    Lot size
    2.07 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional industrial property, located within the Lyon Oaks Industrial Park in Wixom, Michigan, offers a versatile 6,100 square foot space ideal for a variety of businesses. The building, constructed in 2003, sits on 2.07 acres of land and boasts a total of 23,104 square feet. The available unit is an end unit, providing excellent visibility and access. Key features include 16-foot ceilings, two dock-high doors (measuring 12' x 14'), and ample parking surrounding the building. The unit also includes approximately 1,800 square feet of executive office space, complete with a private office, conference room, lunchroom, and open workspace. Its location offers significant advantages, with potential for building signage facing the I-96 Freeway, ensuring high visibility and accessibility for clients and employees. The property is zoned for light industrial use and has the APN 2112251016 in Oakland County. This multi-tenant building offers a prime opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area of Michigan. The property's combination of warehouse and office space makes it suitable for a wide range of operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.564
    Latitude
    42.5025

    Comparable in this City

    • Value Estimation by Request
      23,797 SF

      47620-47782 West Rd

      Distribution properties
      47620-47782 West Rd, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      307,747 SF

      10035 Assembly Park Dr

      Distribution properties
      10035 Assembly Park Dr, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      31,152 SF

      46925 West Rd

      Distribution properties
      46925 West Rd, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      2,000 SF

      28525 Beck Rd

      Distribution properties
      28525 Beck Rd, Wixom, MI 48393
      View Details
    • Value Estimation
      $9,795,000
      90,850 SF

      25000 Assembly Park Dr

      WAREHOUSE, STORAGE
      25000 Assembly Park Dr, Wixom, MI 48393-0019
      View Details
    • Value Estimation
      $13,350,000
      223,361 SF

      30260 Oak Crk Dr

      WAREHOUSE, STORAGE
      30260 Oak Crk Dr, Wixom, MI 48393-2430
      View Details

    Similar Nearby for Sale

    • $299,900
      Pending

      Versatile Commercial Property in Wixom

      Commercial property in Wixom, MI, zoned IRO.
      50274 Grand River Ave, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
      49100-49140 Wixom Tech Dr, Wixom, MI 48393
      View Details
    • $4,285,714

      Industrial Property with Cranes

      33,918 SF industrial building on 12.25 acres.
      52700 Pontiac Trl, Wixom, MI 48393
      View Details
    • $5,300,000

      Wixom Industrial Land for Sale

      5.86-acre lot suitable for outdoor storage or contractor's yard.
      48260 Frank St, Wixom, MI 48393
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • Contact for pricing

      Wixom Warehouse or Office Space

      8,000 SF warehouse or office space available for rent.
      48260 Frank St, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Flex Space Available

      Flex space available for lease in Wixom, Michigan.
      47151 Cartier Ct, Wixom, MI 48393
      View Details
    • Contact for pricing

      Flex Space with Office

      End unit with office space and freeway exposure potential.
      29234 Lyon Oaks Dr, Wixom, MI 48393
      View Details
    • $9 SF/Yr
      12,061 SF

      Wixom Warehouse Space Available

      Industrial warehouse space available for lease in Wixom, Michigan.
      29706 West Tech Dr, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Freestanding Industrial Building

      12,061 SF freestanding building with fenced lot for lease.
      29706 W Tech Dr, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Warehouse Space Available

      Warehouse space for rent in Wixom, Michigan.
      29380 Beck Rd, Wixom, MI 48393
      View Details
    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.
    29234-29248 Lyon Oaks Dr
    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
    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
    29234-29248 Lyon Oaks Dr, Wixom, MI, 48393
    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!