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    150 Washington St Oxford, MI 48371
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    Property profile & analytics

    150 Washington St Oxford, MI 48371

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    • Retail space
    • 5,090 SF
    • 0.47 lot acres
    For Sale
    $560,000
    View Listing →
    Downtown Oxford Commercial Gem For Sale
    $560,000
    5,090 SF

    Downtown Oxford Commercial Gem

    Renovated Industrial Space, High Traffic Location

    150 Washington St, Oxford, MI 48371
    View Listing
    Property ID
    US43-0296492
    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

    • Retail space

    Property Details for 150 Washington St

    Year built
    1940
    Lot size
    0.47 lot acres
    Property size
    5,090 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    PO-04-27-279-043
    APU
    PO0427279043

    Description

    This exceptional 5,090 square foot commercial property in Oxford, MI, presents a prime investment opportunity. Strategically located on high-traffic M-24 in the heart of downtown, this extensively renovated building offers unparalleled versatility. Completed in 2023, the renovations transformed this 1.5-story space into a turnkey operation, currently configured as a restaurant. The C-2 zoning allows for a wide range of business uses. The property features a sophisticated layout, including an upper mezzanine with a private bathroom, presenting potential for separate unit development. Ample parking is available on-site for 20+ vehicles, with overflow parking nearby. High-end commercial amenities are in place, including a walk-in cooler, commercial-grade sinks, and fully equipped food preparation areas. The 0.47-acre lot provides convenient access and visibility. This fully updated space represents a rare chance to own a thriving commercial property in Oxford's vibrant downtown, offering significant potential for various business ventures at a compelling price of $560,000. The combination of location, recent renovations, and flexible zoning makes this a truly unique opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $683,000
      Market price range: $400k - $1.34M
      AI Estimate
      $554,000
      Market price range: $318k - $1.10M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $860,000
      Current use
      COMMERCIAL (GENERAL)
      $895,000
      Change: +4% Conversion: Easy
      RESTAURANT
      $880,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $805,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2589
    Latitude
    42.8187
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,223
    $0.00
    $0.00
    $229,400
    -
    $0.00
    $0.00
    $458,800

    Comparable in this City

    • Value Estimation by Request
      2,525 SF

      80 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,525 SF
      80 Washington St, Oxford, MI 48371-4697
      View Details
    • Value Estimation
      $515,000
      4,616 SF

      11 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 4,616 SF
      11 Washington St, Oxford, MI 48371-4978
      View Details
    • Value Estimation by Request
      1,781 SF

      691 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,781 SF
      691 Lapeer Rd, Oxford, MI 48371-5036
      View Details
    • Value Estimation
      $1,400,000
      15,661 SF

      450 Glaspie St

      RETAIL STORES (PERSONAL SERVICES) • 15,661 SF
      450 Glaspie St, Oxford, MI 48371-5130
      View Details
    • Value Estimation
      $1,185,000
      16,834 SF

      795 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,834 SF
      795 Lapeer Rd, Oxford, MI 48371-5038
      View Details
    • Value Estimation
      $1,105,000
      15,246 SF

      3300 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,246 SF
      3300 Lapeer Rd, Oxford, MI 48371-1606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,057 SF

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      Retail Space in Oxford Area

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      North Oakland County Industrial Land

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      2.71 Acre Parcel For Sale

      2.71 acre parcel in path of development for sale.
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    Similar Nearby for Lease

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      Retail Space in Oxford

      Single tenant retail space available for rent.
      121 S Washington St, Oxford, MI 48371
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      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
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      Oxford Retail Shopping Center Space

      Retail space available in Oxford Retail Shopping Center.
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      Oxford Retail Space For Lease

      Retail space available for lease in Oxford, Michigan.
      158-182 S Washington St, Oxford, MI 48371
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    • $15 SF/Yr

      High-Traffic Oxford Retail Opportunity

      Retail space in a high-traffic family entertainment venue.
      925 N Lapeer Rd, Oxford, MI 48371
      View Details
    • Contact for pricing

      Prime Oxford Commercial Opportunity

      Commercial space for rent on South Lapeer Road.
      1350 S Lapeer Rd, Oxford, MI 48371
      View Details
    View Listing
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    Oxford, MI 48371
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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.

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