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    126 Wexford Ave Buckley, MI 49620
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    126 Wexford Ave, Buckley, MI 49620

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    • Commercial real estate
    Off-Market
    Property ID
    US43-3570217
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 126 Wexford Ave

    Property type
    Commercial real estate

    Description

    This exceptional commercial development opportunity is located in the thriving Village of Buckley, Michigan. The property comprises three parcels totaling 0.85 acres, strategically positioned on the corner of Wexford Avenue and West Street, with an additional parcel fronting Carl Street. This prime location offers significant visibility and accessibility, boasting 225 feet of frontage on the high-traffic Wexford Avenue (S. M-37). The two commercial parcels, encompassing 0.51 acres, are ideally suited for a variety of commercial ventures. A separate residential parcel of 0.34 acres on Carl Avenue presents additional possibilities, potentially serving as overflow parking or accommodating septic system needs for the commercial development (subject to necessary approvals). The asking price for this unique mixed-use property is $250,000. This presents a rare chance to establish a thriving business in a growing community with excellent road frontage and ample space for expansion or complementary uses. The property's location in Wexford County, Michigan, and its proximity to Buckley's village center, ensures high visibility and convenient access for customers and employees. The combined acreage and strategic positioning make this an attractive investment for developers seeking a high-impact commercial presence in a desirable location. The zip code is 49620.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Buckley
    County
    Wexford
    State
    Michigan
    Longitude
    -85.6774366
    Latitude
    44.5045949

    Comparable in this City

    • $355,000

      Secluded 89-Acre Recreational Land Parcel

      89 acres bordering state land, ideal for recreation or building.
      00 N 1St St, Buckley, MI 49620
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    • $69,900
      Pending

      Vacant Land in Wexford County

      10-acre vacant land parcel in Northwest Wexford County.
      00 West County Line Rd, Buckley, MI 49620
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    • $200,000

      19.9 Acres Wooded Buckley Lot

      Expansive wooded lot offers privacy and nature's beauty.
      2 2 1/2 Rd, Buckley, MI 49620
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    • $59,900
      9.93 Acres

      Vacant Land Near State Land

      10-acre vacant land parcel abutting state land in Buckley, MI.
      00 N 1St St, Buckley, MI 49620
      View Details
    • $59,900

      10 Acres Vacant Land Parcel

      10-acre vacant land parcel abutting state land.
      00 N 1St St, Buckley, MI 49620
      View Details

    Similar Nearby for Sale

    • $355,000

      Secluded 89-Acre Recreational Land Parcel

      89 acres bordering state land, ideal for recreation or building.
      00 N 1St St, Buckley, MI 49620
      View Details
    • $69,900
      Pending

      Vacant Land in Wexford County

      10-acre vacant land parcel in Northwest Wexford County.
      00 West County Line Rd, Buckley, MI 49620
      View Details
    • $200,000

      19.9 Acres Wooded Buckley Lot

      Expansive wooded lot offers privacy and nature's beauty.
      2 2 1/2 Rd, Buckley, MI 49620
      View Details
    • $59,900
      9.93 Acres

      Vacant Land Near State Land

      10-acre vacant land parcel abutting state land in Buckley, MI.
      00 N 1St St, Buckley, MI 49620
      View Details
    • $59,900

      10 Acres Vacant Land Parcel

      10-acre vacant land parcel abutting state land.
      00 N 1St St, Buckley, MI 49620
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      High-Visibility Commercial Lot in Buckley

      Prime 0.54-acre corner lot in Buckley's growing downtown.
      116 S Wexford Ave, Buckley, MI 49620
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    • $12 SF/Yr
      1,872 SF

      Automotive Service,Educational,Office Building,Retail Store,Wholesale,Service,Other,Garden Store

      Prominent 0.32-acre corner lot in Buckley's growing downtown.
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    • $2,000 /Mo
      576 SF

      High-Visibility Commercial Lot in Buckley

      Prime 0.54-acre corner lot in Buckley's growing downtown.
      116 S Wexford Ave, Buckley, MI 49620
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    • $3,125 /Mo
      3,920 SF

      Manufacturing/Warehouse Space in Buckley, MI

      Clean manufacturing/warehouse building with ample power and convenient location.
      125 Industrial Dr, Buckley, MI 49620
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      Prime Corner Lot in Buckley

      High-visibility commercial lot available for lease in downtown Buckley.
      102 N 1St St, Buckley, MI 49620
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    • $1,000 /Mo

      Prime Corner Lot in Buckley

      High-visibility commercial lot available for lease in downtown Buckley.
      102 N 1St St, Buckley, MI 49620
      View Details
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    Buckley, MI 49620
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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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