Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1955 Lakeville Rd Oxford, MI 48371-5264

    • Office buildings
    • 1,165 SF
    • 71.58 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2555371
    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.

    Current Use by Public Records

    • Acton Trucking Landscape Supplies / Landscaping / General Contractor
    • Koenig Materials / Building Supply
    • Genevieve Clark / Real Estate Agency

    Property Details for 1955 Lakeville Rd

    Year built
    1955
    Lot size
    71.58 lot acres
    Property size
    1,165 SF
    Zone code
    SV
    Property type
    Office buildings
    APN
    P -04-24-451-001
    APU
    P0424451001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2289
    Latitude
    42.8269
    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
    $18,391
    $0.00
    $0.00
    $332,660
    -
    $0.00
    $0.00
    $665,320

    Comparable in this City

    • Value Estimation
      $635,000
      4,193 SF

      826 Lapeer Rd

      OFFICE BUILDING • 4,193 SF
      826 Lapeer Rd, Oxford, MI 48371-6511
      View Details
    • Value Estimation
      $1,540,000
      26,264 SF

      600 Glaspie St

      OFFICE BUILDING • 26,264 SF
      600 Glaspie St, Oxford, MI 48371-5134
      View Details
    • Value Estimation by Request
      4,168 SF

      1825 Metamora Rd

      OFFICE BUILDING • 4,168 SF
      1825 Metamora Rd, Oxford, MI 48371-2419
      View Details
    • Value Estimation
      $830,000
      9,188 SF

      110 Washington St

      OFFICE BUILDING • 9,188 SF
      110 Washington St, Oxford, MI 48371-4975
      View Details
    • Value Estimation by Request
      1,867 SF

      167 Washington St

      OFFICE BUILDING • 1,867 SF
      167 Washington St, Oxford, MI 48371-4982
      View Details
    • Value Estimation
      $715,000
      4,717 SF

      1540 Lapeer Rd

      OFFICE BUILDING • 4,717 SF
      1540 Lapeer Rd, Oxford, MI 48371-6120
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      338 Trillum Trl, Oxford, MI 48371
      View Details
    • $650,000
      2.71 Acres

      Oxford Development Land - High Growth

      2.71 Acres, C-2 Zoning, Prime Location
      0 Market St, Oxford, MI 48371
      View Details
    • $1,150,000
      0.06 Acres

      Downtown Oxford Retail & Apartments

      Mixed-use property, high ROI potential.
      6 Washington St, Oxford, MI 48371
      View Details
    • $1,499,900

      82-Acre Land Parcel on M-24

      Large land parcel near developments, primed for various uses.
      0000 Brauer Rd, Oxford, MI 48371
      View Details
    • $115,000
      1.02 Acres

      Residential Land in Oxford, MI

      1.02-acre vacant parcel in The Preserve at Paint Creek.
      576 Brookside Ct, Oxford, MI 48371
      View Details
    • $750,000
      10.24 Acres

      Oxford Industrial Land - $750K

      10.24 Acres, I-2 Zoning, Great Location
      0 Xcelsior Dr, Oxford, MI 48371
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      19,123 SF

      Oxford Medical Office Space for Lease

      1,869 SF Medical Office Suite Available
      72 Washington St, Oxford, MI 48371
      View Details
    • Contact for pricing
      3,408 SF

      Oxford Executive Office Suite

      Prime Oxford location, 1,000 sq ft available.
      5 Washington St, Oxford, MI 48371
      View Details
    • $28 SF/Yr
      19,611 SF

      Oxford Retail Center Opportunity

      Prime Oxford retail space available.
      565 Lapeer Rd, Oxford, MI 48371
      View Details
    • Contact for pricing
      1,384 SF

      Oxford Meijer Retail Space

      High-traffic in-store retail space.
      900 Lapeer Rd, Oxford, MI 48371
      View Details
    • $12 SF/Yr
      78,811 SF

      Oxford Mills Retail Center

      High-traffic Oxford, MI shopping center
      1350 Lapeer Rd, Oxford, MI 48371
      View Details
    • $15 SF/Yr
      59,743 SF

      Prime Retail Space, Oakland County

      High-traffic shopping center; spaces available
      158-182 Washington St, Oxford, MI 48371
      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.
    1955 Lakeville Rd
    Oxford, MI 48371-5264
    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

    Google sign-in failed. Please try again or use another login method.