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    1537-1585 Wixom Rd Wixom, MI 48393

    • Retail properties
    • 31,645 SF
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1537-1585 Wixom Rd

    Property size
    31,645 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional Wixom, Michigan commercial property, located at 1537-1585 N Wixom Road, 48393, offers a prime opportunity for businesses seeking flexible office space. The "Wixom Charms Plaza" boasts a total of 31,645 square feet, with a significant 18,380 square feet currently vacant and available for lease. The property is categorized as both retail and office space, specifically designed for executive office use, and features multiple tenancies. Units are divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 10,880 square feet, providing options for businesses of various sizes. Situated on a generous 3.63-acre lot in Oakland County, this location offers excellent visibility and accessibility. The property's prime location in Wixom, Michigan provides easy access to major transportation routes, making it an ideal choice for businesses seeking a convenient and strategically located office space. This is a rare opportunity to secure high-quality office space in a thriving commercial area. Contact us today to learn more about leasing options and explore the possibilities for your business at Wixom Charms Plaza.

    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
    -83.5381
    Latitude
    42.545

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      29650-29680 Wixom Rd

      Neighborhood centers • 8,000 SF
      29650-29680 Wixom Rd, Wixom, MI 48393
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    • Value Estimation by Request
      2,091 SF

      28870 Wixom Rd

      Restaurants • 2,091 SF
      28870 Wixom Rd, Wixom, MI 48393
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    • Value Estimation by Request
      50,000 SF

      49575 Grand River Ave

      Neighborhood centers • 50,000 SF
      49575 Grand River Ave, Wixom, MI 48393
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      109,306 SF

      10800 Assembly Park Dr

      Individual retail properties • 109,306 SF
      10800 Assembly Park Dr, Wixom, MI 48393
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    • Value Estimation by Request
      41,732 SF

      47410-47472 Pontiac Trl

      Lifestyle centers • 41,732 SF
      47410-47472 Pontiac Trl, Wixom, MI 48393
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    • Value Estimation by Request
      2,400 SF

      28703 Wixom Rd

      Individual retail properties • 2,400 SF
      28703 Wixom Rd, Wixom, MI 48393
      View Details

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      Versatile Commercial Property in Wixom

      IRO zoned property suitable for office, research, or light industrial.
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    • Contact for pricing
      9 SF

      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
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    • $2,342,225
      24,655 SF

      Well-Maintained Flex Building For Sale

      24,655 SF flex building for sale or lease.
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    • $699,000
      3.25 Acres

      Wixom Development Land - 3.25 Acres

      Prime Wixom commercial land, ideal for development.
      2120 Wixom Rd, Wixom, MI 48393
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      31,645 SF

      Wixom Office Space For Lease

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      1537-1585 Wixom Rd, Wixom, MI 48393
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    • Contact for pricing
      11,291 SF

      Wixom Medical Office Space For Sale

      Prime Medical Office, Oakland County, MI
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    • $18 SF/Yr
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      Wixom Road Executive Office Space

      High-traffic Wixom Road office suite.
      29650-29680 Wixom Rd, Wixom, MI 48393
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      Alpha Tech Building: Wixom Office Space

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    • $13 SF/Yr
      23,104 SF

      Wixom Industrial Space Available

      Modern industrial space, ample parking, I-96 visibility.
      29234-29248 Lyon Oaks Dr, Wixom, MI 48393
      View Details
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    Wixom, MI 48393
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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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