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

    29420 Wixom Rd Wixom, MI 48393-3426

    • Commercial real estate
    • 3.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1753348
    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

    • Magnum Towing / Auto Repair Shop

    Property Details for 29420 Wixom Rd

    Year built
    2001
    Lot size
    3.15 lot acres
    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    96-22-08-100-047
    APU
    962208100047

    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
    -83.5352
    Latitude
    42.5069
    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
    $15,957
    $0.00
    $0.00
    $385,760
    -
    $0.00
    $0.00
    $771,520

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      29650-29680 Wixom Rd

      Neighborhood centers • 8,000 SF
      29650-29680 Wixom Rd, Wixom, MI 48393
      View Details
    • Value Estimation by Request
      38.85 Acres

      30800 Stone Rdg Dr, Unit 6

      COMMERCIAL (GENERAL) • 38.85 Acres
      30800 Stone Rdg Dr, Wixom, MI 48393-3800
      View Details
    • Value Estimation by Request
      15.22 Acres

      31315 Tamarack St, Unit 1

      COMMERCIAL (GENERAL) • 15.22 Acres
      31315 Tamarack St, Wixom, MI 48393-2520
      View Details
    • Value Estimation by Request

      30158 Wixom Rd

      COMMERCIAL (GENERAL)
      30158 Wixom Rd, Wixom, MI 48393-3440
      View Details
    • Value Estimation by Request
      912 SF

      47803 Ww Rd

      COMMERCIAL (GENERAL) • 912 SF
      47803 Ww Rd, Wixom, MI 48393-3668
      View Details
    • Value Estimation
      $965,000
      3,865 SF

      49231 Alpha Dr

      COMMERCIAL (GENERAL) • 3,865 SF
      49231 Alpha Dr, Wixom, MI 48393-3443
      View Details

    Similar Nearby for Sale

    • $425,000
      0.62 Acres

      Wixom Commercial Land For Sale

      Commercial land in IRO District, Wixom, MI. Development opportunity.
      50272 Grand River Ave, Wixom, MI 48393
      View Details
    • $399,900
      1,493 SF

      Versatile Commercial Property in Wixom

      IRO zoned property suitable for office, research, or light industrial.
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    • $59,900

      Wixom Land For Sale

      Half-acre lot available in Wixom.
      570 Maplewood Ln, Wixom, MI 48393
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    • $899,000
      3.00 Acres

      Wixom Commercial Land - 3 Acres

      Prime 3-acre commercial lot, excellent location.
      1950 Wixom Rd, Wixom, MI 48393
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    • $350,000
      0.54 Acres

      Wixom Commercial Land - $350K

      Prime 0.536-acre lot, ideal for development.
      216 Wixom Rd, Wixom, MI 48393
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    • Contact for pricing

      Land Available in Wixom, MI

      Land available for sale at 51563 Grand River Ave.
      51563 Grand River Ave, Wixom, MI 48393
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      19,424 SF

      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
      120,000 SF

      Wixom Industrial Build-to-Suit

      120,000 SF Warehouse/Manufacturing
      51233 Grand River Ave, Wixom, MI 48393
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    • Contact for pricing
      490 SF

      Wixom Meijer Retail Space

      High-traffic in-store retail space
      49900 Grand River Ave, Wixom, MI 48393
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    • $13 SF/Yr
      2,000 SF

      Wixom Warehouse: 2,000 SF Available

      Modern Wixom warehouse, ideal for lease or sale.
      28525 Beck Rd, Wixom, MI 48393
      View Details
    • $14 SF/Yr
      31,645 SF

      Wixom Office Space For Lease

      Executive Suites, Ample Space Available
      1537-1585 Wixom Rd, Wixom, MI 48393
      View Details
    • $10 SF/Yr
      24,655 SF

      Liberty Drive Flex Space

      Oakland County Flex Building - Sale/Lease
      47000 Liberty Dr, Wixom, MI 48393
      View Details
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    Wixom, MI 48393-3426
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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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