Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29234 Lyon Oaks Dr Wixom, MI 48393

    • Industrial properties
    • 23,104 SF
    • 2.07 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4230789
    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

    • New Horizon Safety Diagnostics / Diagnostic Center

    Property Details for 29234 Lyon Oaks Dr

    Year built
    2001
    Lot size
    2.07 lot acres
    Property size
    23,104 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    K -21-12-251-016
    APU
    K2112251016

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,974,000
      Market price range: $1.97M - $2.94M
      AI Estimate
      $1,974,000
      Market price range: $1.97M - $2.94M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,520,000
      Current use
      AUTO REPAIR, GARAGE
      $2,830,000
      Change: +12% Conversion: Easy
      OFFICE BUILDING
      $2,710,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,150,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5639
    Latitude
    42.5027
    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
    $27,868
    $0.00
    $0.00
    $696,660
    -
    $0.00
    $0.00
    $1,393,320

    Comparable in this City

    • Value Estimation
      $5,630,000
      65,906 SF

      48141 Ww Rd

      INDUSTRIAL LOFT BUILDING • 65,906 SF
      48141 Ww Rd, Wixom, MI 48393-3674
      View Details
    • Value Estimation
      $4,130,000
      48,345 SF

      48443 Alpha Dr Ste, Unit 175

      INDUSTRIAL LOFT BUILDING • 48,345 SF
      48443 Alpha Dr Ste, Wixom, MI 48393-3464
      View Details
    • Value Estimation
      $4,930,000
      48,345 SF

      48443 Alpha Dr

      INDUSTRIAL LOFT BUILDING • 48,345 SF
      48443 Alpha Dr, Wixom, MI 48393-3462
      View Details
    • Value Estimation
      $4,960,000
      48,345 SF

      48561 Alpha Dr

      INDUSTRIAL LOFT BUILDING • 48,345 SF
      48561 Alpha Dr, Wixom, MI 48393-3457
      View Details
    • Value Estimation
      $7,685,000
      89,942 SF

      28265 Beck Rd

      INDUSTRIAL LOFT BUILDING • 89,942 SF
      28265 Beck Rd, Wixom, MI 48393-4719
      View Details
    • Value Estimation
      $5,675,000
      66,407 SF

      50160 Pontiac Trl

      INDUSTRIAL LOFT BUILDING • 66,407 SF
      50160 Pontiac Trl, Wixom, MI 48393-2078
      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
      View Details
    • 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
    • $3,081,875
      24,655 SF

      Wixom Flex Building For Sale

      24,655 SF Flex Space, Prime Location
      47000 Liberty 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
    • $9 SF/Yr
      16,968 SF

      Wixom Warehouse Space Available

      16,968 SF warehouse space for lease in Wixom.
      46992 Liberty Dr, Wixom, MI 48393
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29234 Lyon Oaks Dr
    Wixom, MI 48393
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.