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

    28607 Wixom Rd Wixom, MI 48393-3411

    • Banks
    • 3,815 SF
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4188911
    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

    • Community Financial Credit Union / Credit Union

    Property Details for 28607 Wixom Rd

    Year built
    2018
    Property size
    3,815 SF
    Property type
    Banks
    APN
    96-22-07-426-019
    APU
    962207426019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $559,000
      Market price range: $291k - $559k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $400,000
      Current use
      COMMERCIAL (GENERAL)
      $560,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $525,000
      Change: +31% Conversion: Difficult
      MEDICAL BUILDING
      $380,000
      Change: -5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $355,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.537
    Latitude
    42.5004
    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
    $35,379
    $0.00
    $0.00
    $739,260
    -
    $0.00
    $0.00
    $1,478,520

    Comparable in this City

    • Value Estimation
      $535,000
      4,089 SF

      49895 Grand Riv Ave

      FINANCIAL BUILDING • 4,089 SF
      49895 Grand Riv Ave, Wixom, MI 48393-3309
      View Details
    • Value Estimation by Request
      2,882 SF

      49200 Pontiac Trl

      FINANCIAL BUILDING • 2,882 SF
      49200 Pontiac Trl, Wixom, MI 48393-2001
      View Details
    • Value Estimation by Request
      3,148 SF

      160 Wixom Rd

      FINANCIAL BUILDING • 3,148 SF
      160 Wixom Rd, Wixom, MI 48393-2161
      View Details
    • Value Estimation
      $745,000
      4,658 SF

      49122 Pontiac Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,658 SF
      49122 Pontiac Trl, Wixom, MI 48393-2569
      View Details
    • Value Estimation
      $730,000
      3,053 SF

      28055 Wixom Rd

      GROCERY, SUPERMARKET • 3,053 SF
      28055 Wixom Rd, Wixom, MI 48393-3405
      View Details
    • Value Estimation by Request
      3,215 SF

      127 Wixom Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,215 SF
      127 Wixom Rd, Wixom, MI 48393-2162
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,926 SF

      Freestanding Building on 1.4 Acres

      6,926 SF remodeled building on 1.4 acres for sale.
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      1,493 SF

      Versatile Commercial Property for Sale

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      9,600 SF

      Wixom Commercial Facility For Sale

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      44,000 SF

      Retail Space in North Park Plaza

      Retail space available in North Park Plaza shopping center.
      2051 N Wixom Rd, Wixom, MI 48393
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    • $695,000
      3.26 Acres

      Wixom Vacant Land Opportunity

      3.26 acre corner lot suitable for various development projects.
      2120 Wixom Rd, Wixom, MI 48393
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    Similar Nearby for Lease

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      Retail Space Inside Meijer Store

      Prime retail opportunity with high visibility and customer traffic.
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      14,000 SF

      Retail Space in North Park Plaza

      Retail, office, and medical spaces available in Wixom, Michigan.
      2051 N Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing
      44,000 SF

      Retail Space in North Park Plaza

      High-visibility retail spaces available in Wixom, near I-96.
      2051-2133 N Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing

      Retail Space Near Pontiac Trail

      Retail space available south of Pontiac Trail, east of Wixom Road.
      31202 S Old Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing

      Retail Space on Pontiac Trail

      Retail spaces available for lease on Pontiac Trail.
      47410-47472 Pontiac Trl, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Road Office/Retail Space

      Office and retail space for lease on busy Wixom Road.
      29650-29680 Wixom Rd, Wixom, MI 48393
      View Details
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    Wixom, MI 48393-3411
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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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