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    Property profile & analytics

    28870 Wixom Rd Wixom, MI 48393

    • Retail properties
    • 2,091 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AT&T Store / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 28870 Wixom Rd

    Property size
    2,091 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional retail or restaurant opportunity is located at 28870 Wixom Road in Wixom, Michigan, within Oakland County. The entire 2,091 square foot building is currently available for lease. This presents a unique chance for a single tenant to occupy the entire space, offering complete control and customization. The property's "Multiple" tenancy designation indicates its suitability for various retail or restaurant concepts. The address is easily accessible, situated on Wixom Road, providing excellent visibility and convenient access for customers. The property's location in Wixom, Michigan, offers a thriving market with a strong local customer base. The building's size is ideal for a variety of businesses, allowing for ample space for operations, inventory, and customer interaction. This is a blank canvas for a business seeking a prominent location in a desirable area. The property is zoned for commercial use, ensuring compliance with local regulations. Interested parties are encouraged to inquire for lease terms and conditions. The property's zip code is 48393. This is a rare opportunity to secure a substantial retail space in a prime location. The property is ready for immediate occupancy.

    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
    -83.5351
    Latitude
    42.5025

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      28703 Wixom Rd

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    • Value Estimation by Request
      8,000 SF

      29650-29680 Wixom Rd

      Neighborhood centers • 8,000 SF
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    • Value Estimation by Request
      31,645 SF

      1537-1585 Wixom Rd

      Office Properties & Spaces • 31,645 SF
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    • Value Estimation by Request
      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
      50,000 SF

      49575 Grand River Ave

      Neighborhood centers • 50,000 SF
      49575 Grand River Ave, Wixom, MI 48393
      View Details

    Similar Nearby for Sale

    • 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
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    • $350,000
      0.54 Acres

      Wixom Commercial Land - $350K

      Prime 0.536-acre lot, ideal for development.
      216 Wixom Rd, Wixom, MI 48393
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    • $899,000
      3.00 Acres

      Wixom Commercial Land - 3 Acres

      Prime 3-acre commercial lot, excellent location.
      1950 Wixom Rd, Wixom, MI 48393
      View Details
    • $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
    • Contact for pricing

      Wixom Industrial Land - Last Parcel Available

      M-2 Zoned Land, Outdoor Storage, I-96 Access
      0 Moviter Dr, Wixom, MI 48393
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    • Contact for pricing

      Land Available in Wixom, MI

      Land available for sale at 51563 Grand River Ave.
      51563 Grand River Ave, 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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      11,291 SF

      Wixom Medical Office Space For Sale

      Prime Medical Office, Oakland County, MI
      29600 Wixom Rd, Wixom, MI 48393
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    • $15 SF/Yr
      68,988 SF

      Pontiac Trail Commercial Center

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      49078 Pontiac Trl, Wixom, MI 48393
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    • Contact for pricing
      44,000 SF

      Retail Space in North Park Plaza

      High-visibility retail spaces available in Wixom, near I-96.
      2051-2133 N Wixom Rd, Wixom, MI 48393
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      490 SF

      Wixom Meijer Retail Space

      High-traffic in-store retail space
      49900 Grand River Ave, Wixom, MI 48393
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    • $16 SF/Yr
      41,732 SF

      Wixom Plaza Retail Space Available

      Prime Wixom retail space, multiple units.
      47410-47472 Pontiac Trl, Wixom, MI 48393
      View Details
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    28870 Wixom Rd
    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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