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    216 N Wixom Rd Wixom, MI 48393
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    216 N Wixom Rd Wixom, MI 48393

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    • Commercial land
    • 0.54 lot acres
    For Sale
    $525,000
    View Listing →
    Prime Vacant Land in Wixom For Sale
    $525,000
    0.53 Acres

    Prime Vacant Land in Wixom

    Vacant land ideal for development in downtown Wixom.

    216 N Wixom Road, Wixom, MI 48393
    View Listing
    Property ID
    US43-0018498
    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 land

    Property Details for 216 N Wixom Rd

    Lot size
    0.54 lot acres
    Zone code
    VCA
    Property type
    Commercial land
    APN
    96-17-32-351-025
    APU
    961732351025

    Description

    This exceptional 0.536-acre commercial land parcel presents a unique investment opportunity in the heart of Wixom, Michigan. Situated on North Wixom Road, just north of Pontiac Trail, this strategically located property boasts high visibility and accessibility. The lot is zoned VCA (Village Center Area), allowing for a variety of development options, including multi-family residential, office space, medical facilities, or small retail establishments. The generous lot size offers ample space for a multi-story building. With 136 feet of frontage on Wixom Road and 158 feet on Renton/Johanna Ware Road, this property provides excellent exposure to high traffic volume. All essential utilities, including sewer and water, are conveniently located on-site, simplifying the development process. This prime location within the thriving downtown Wixom area offers significant potential for growth and return on investment. Don't miss this chance to capitalize on the continued expansion of Wixom and secure a valuable piece of commercial real estate in a highly desirable location. The asking price is $350,000. The property is located in Oakland County, Michigan, with the address 216 N Wixom Rd, Wixom, MI 48393.

    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
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5356
    Latitude
    42.526
    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
    $6,850
    $0.00
    $0.00
    $100,670
    -
    $0.00
    $0.00
    $201,340

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      48816 Pontiac Trl

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      0.08 Acres

      48952 Pontiac Trl

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      48848 Pontiac Trl

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    Similar Nearby for Sale

    • $695,000
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      Wixom Land with Development Potential

      3.26 acre corner lot suitable for various development projects.
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      Versatile Commercial Property for Sale

      Commercial property with flexible zoning, ideal for various business uses.
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      Prime Vacant Land in Wixom

      Vacant land ideal for development in downtown Wixom.
      216 N Wixom Rd, Wixom, MI 48393
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      Land Available in Wixom, MI

      Land available for sale at 51563 Grand River Ave.
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    Similar Nearby for Lease

    • $14 SF/Yr

      Commercial Land with Grand River Frontage

      Commercial land for lease with high visibility and multiple uses.
      28006 Oakland Oaks Ct, Wixom, MI 48393
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    • $10 SF/Yr
      24,655 SF

      Liberty Drive Flex Space

      Oakland County Flex Building - Sale/Lease
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      Wixom Warehouse Space Available

      Industrial warehouse space available for lease in Wixom, Michigan.
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    • $15 SF/Yr

      Retail, Office, Medical Space Available

      Retail, office, or medical spaces in downtown Wixom.
      49078 Pontiac Trl, Wixom, MI 48393
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      Wixom Road Commercial Space

      Commercial space available for lease on Wixom Road.
      29600 Wixom Rd, Wixom, MI 48393
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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.

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    216 N Wixom Rd, Wixom, MI, 48393
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