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    Property profile & analytics

    28655 Automation Blvd Wixom, MI 48393-3153

    • Warehouses
    • 19,189 SF
    • 4.96 lot acres
    OFF-MARKET
    Value Estimations
    $2,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0071347
    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

    • Blink Charging Station / Electric Vehicle Charging Station
    • LORD Corporation / Industrial Manufacturer / Production Facility

    Property Details for 28655 Automation Blvd

    Year built
    2003
    Lot size
    4.96 lot acres
    Property size
    19,189 SF
    Zone code
    II
    Property type
    Warehouses
    APN
    K -21-12-301-007
    APU
    K2112301007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,467,000
      Market price range: $919k - $2.47M
      AI Estimate
      $2,014,000
      Market price range: $554k - $2.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,465,000
      Current use
      COMMERCIAL (GENERAL)
      $3,380,000
      Change: +131% Conversion: Difficult
      RESTAURANT
      $3,320,000
      Change: +127% Conversion: Difficult
      RETAIL STORES
      $3,240,000
      Change: +121% Conversion: Moderate
      MEDICAL BUILDING
      $3,030,000
      Change: +107% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,350,000
      Change: +60% Conversion: Easy
      OFFICE BUILDING
      $2,250,000
      Change: +54% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,095,000
      Change: +43% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5663
    Latitude
    42.5003
    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
    $25,514
    $0.00
    $0.00
    $876,810
    -
    $0.00
    $0.00
    $1,753,620

    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
      $9,795,000
      90,850 SF

      25000 Assembly Park Dr

      WAREHOUSE, STORAGE • 90,850 SF
      25000 Assembly Park Dr, Wixom, MI 48393-0019
      View Details
    • Value Estimation
      $4,165,000
      101,749 SF

      51960 12th Mile Rd

      WAREHOUSE, STORAGE • 101,749 SF
      51960 12th Mile Rd, Wixom, MI 48393-3107
      View Details
    • Value Estimation
      $4,075,000
      39,227 SF

      47247 Cartier Dr

      WAREHOUSE, STORAGE • 39,227 SF
      47247 Cartier Dr, Wixom, MI 48393-2874
      View Details
    • Value Estimation
      $5,070,000
      63,402 SF

      48285 Frank St

      WAREHOUSE, STORAGE • 63,402 SF
      48285 Frank St, Wixom, MI 48393-4712
      View Details
    • Value Estimation
      $10,735,000
      119,060 SF

      28320 Lakeview Dr

      WAREHOUSE, STORAGE • 119,060 SF
      28320 Lakeview Dr, Wixom, MI 48393-3157
      View Details

    Similar Nearby for Sale

    • $4,285,714

      Industrial Property with Cranes

      33,918 SF industrial building on 12.25 acres.
      52700 Pontiac Trl, Wixom, MI 48393
      View Details
    • $1,945,000
      13,898 SF

      Wixom Light Industrial Opportunity

      Versatile building in Wixom's industrial corridor with high ceilings.
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      13,898 SF

      Wixom Light Industrial Opportunity

      Versatile building in Wixom's industrial corridor with high ceilings.
      47840 Anna Ct, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
      49100-49140 Wixom Tech Dr, Wixom, MI 48393
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wixom Flex Space Available

      Flex space available for lease in Wixom, Michigan.
      47151 Cartier Ct, Wixom, MI 48393
      View Details
    • $10 SF/Yr

      Wixom Warehouse with Expansion Potential

      Renovated warehouse with expansion potential, north of I-96.
      30517 Andersen Ct, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Warehouse or Office Space

      8,000 SF warehouse or office space available for rent.
      48260 Frank St, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Warehouse with 32' Clearance

      81,881 SF warehouse space available for rent in Wixom, MI.
      29837 Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing

      New Industrial Development Near I-96

      New construction industrial space in the I-96 corridor.
      51600 Grand River Ave, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Freestanding Industrial Building

      12,061 SF freestanding building with fenced lot for lease.
      29706 W Tech Dr, Wixom, MI 48393
      View Details
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    Wixom, MI 48393-3153
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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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