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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    228 Wixom Rd Wixom, MI 48393-2163

    • Industrial properties
    • 6.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1115571
    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

    • Industrial properties

    Property Details for 228 Wixom Rd

    Lot size
    6.33 lot acres
    Zone code
    VCA
    Property type
    Industrial properties
    APN
    96-17-32-502-004
    APU
    961732502004

    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
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5264
    Latitude
    42.5289
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      23,797 SF

      47620-47782 West Rd

      Distribution properties • 23,797 SF
      47620-47782 West Rd, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      14.17 Acres

      51563 Grand River Ave

      Land • 14.17 Acres
      51563 Grand River Ave, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      0.04 Acres

      48271 Ww Rd

      INDUSTRIAL (GENERAL) • 0.04 Acres
      48271 Ww Rd, Wixom, MI 48393-3676
      View Details
    • Value Estimation by Request
      1,260 SF

      29366 Old Plank Rd

      INDUSTRIAL (GENERAL) • 1,260 SF
      29366 Old Plank Rd, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      48,196 SF

      50453 Pontiac Trl

      INDUSTRIAL LOFT BUILDING • 48,196 SF
      50453 Pontiac Trl, Wixom, MI 48393-2028
      View Details
    • Value Estimation by Request
      307,747 SF

      10035 Assembly Park Dr

      Distribution properties • 307,747 SF
      10035 Assembly Park Dr, Wixom, MI 48393
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wixom Industrial Land - Last Parcel Available

      M-2 Zoned Land, Outdoor Storage, I-96 Access
      0 Moviter Dr, Wixom, MI 48393
      View Details
    • $25,000,000

      30990 Wixom Rd

      Specialty properties
      30990 Wixom Rd, Wixom, MI 48393
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    • $3,081,875
      24,655 SF

      Wixom Flex Building For Sale

      24,655 SF Flex Space, Prime Location
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    • Contact for pricing
      28.49 Acres

      I-96 Corridor Industrial Land

      28.49 Acres, IRO Zoning, Tax Abatement
      48200 Alpha Dr, Wixom, MI 48393
      View Details
    • $1,975,000
      14.17 Acres

      Wixom Industrial Land - $1.975M

      14 Acres, Light Industrial, Grand River Ave Frontage
      51563 Grand River Ave, Wixom, MI 48393
      View Details
    • $605,000
      2.24 Acres

      Wixom Industrial Land - $605K

      2.24 Acres, Build-to-Suit Potential
      29639 Beck Rd, Wixom, MI 48393
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      24,655 SF

      Liberty Drive Flex Space

      Oakland County Flex Building - Sale/Lease
      47000 Liberty Dr, Wixom, MI 48393
      View Details
    • $9 SF/Yr
      12,061 SF

      Wixom Warehouse Space Available

      Industrial warehouse space available for lease in Wixom, Michigan.
      29706 West Tech Dr, Wixom, MI 48393
      View Details
    • $14 SF/Yr
      19,976 SF

      Wixom Warehouse: 19,976 SF

      Single-tenant warehouse, 1.46 acres, IRO zoning.
      28006 Oakland Oaks Ct, Wixom, MI 48393
      View Details
    • $13 SF/Yr
      23,104 SF

      Lyon Oaks Flex Space Available

      6,100 SF Flex Space, Oakland County
      29234 Lyon Oaks Dr, Wixom, MI 48393
      View Details
    • $11 SF/Yr
      9,600 SF

      Wixom Warehouse Space Available

      9,600 SF warehouse space for lease in Wixom.
      28054 Center Oaks Ct, Wixom, MI 48393
      View Details
    • $10 SF/Yr
      5,590 SF

      Wixom Warehouse with Freeway Access

      Warehouse space in Wixom with convenient freeway access.
      48733-49005 West Rd, Wixom, MI 48393
      View Details
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    228 Wixom Rd
    Wixom, MI 48393-2163
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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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