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29234 Lyon Oaks Dr, Wixom, MI 48393
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Property summary
AI-generated overview
This exceptional 6,100 square foot flex space, situated within the Lyon Oaks Industrial Park in Oakland County, presents a remarkable leasing opportunity. Built in 2003, this single-tenant unit boasts a spacious 1,800 square foot office area, complete with a private office, conference room, lunchroom, and open workspace. The unit features convenient access with two 12' x 14' grade-level loading doors, and ample parking is available on three sides of the building. Benefit from excellent visibility with potential for building signage facing the I-96 freeway. The property sits on a 2.07-acre lot and is zoned for light industrial use (LT. INDUSTRIAL), offering flexibility for a variety of businesses. The total building size is 23,104 square feet, with 16-foot ceilings throughout. The annual lease rate is $13 per square foot, translating to a monthly cost of $6,608. This is a gross lease, meaning property taxes of $24,475 annually are included. The space became available on November 16, 2020, and is ready for immediate occupancy. The APN is 2112251016.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2001
Total area
23,104 SF
Lot
2.07 ac (90,169 SF)
APN
K -21-12-251-016
UPID
US43-4230789
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.62M
Owner & transaction history
since 2017
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$2.8M
+12.4%
Office building
$2.7M
+7.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.62M
Value range
$1.45M – $1.78M
±10% around blend
Estimated value / SF
$70 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
Income certainty
100
$1.45M
blend $1.62M
$1.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,104 SF
Lot area
2.07 ac
Year built
2001
Stories
1
APN
K -21-12-251-016
Assessed value
$696,660
Annual tax
$27,868
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,868
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.41M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.6 mi away · 20,680 SF
20.4 mi away · 19,899 SF
21.0 mi away · 19,829 SF
22.4 mi away · 27,540 SF
23.7 mi away · 18,232 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$109
-36%
Submarket 23 sales
$109
-36%
County 341 sales
$81
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $70/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+12%
vs current-use indication
Office Building
Industrial (general) · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$127k
Move the market yield to see immediate price impact.
Value / SF
$6
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$161k
$115k
$89k
$9k
$178k
$127k
$99k
$10k
$196k
$140k
$109k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$2.23M
1.7 mi · Dec 2025 · $130/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,868
Tax year 2023
Assessed value
$696,660
Assessed 2024
Previous assessed
$660,890
+5.4% YoY
Effective rate
4.00%
On assessed value
Total market value
$1,393,320
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
2001
Heating
SPACE
Stories
1
Units
1
Total area
23,104 SF
Lot
2.07 ac (90,169 SF)
APN
K -21-12-251-016
UPID
US43-4230789
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
SPACE
Stories
1
Units
1
Lot
2.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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