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    Property profile & analytics

    38000 Assembly Park Dr Wixom, MI

    • Office buildings
    • 69,072 SF
    • 22.05 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3406584
    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

    • Office buildings

    Property Details for 38000 Assembly Park Dr

    Year built
    2017
    Lot size
    22.05 lot acres
    Property size
    69,072 SF
    Property type
    Office buildings
    APN
    96-22-07-200-013
    APU
    962207200013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,512,000
      Market price range: $4.93M - $11.5M
      AI Estimate
      $9,471,000
      Market price range: $2.16M - $9.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,100,000
      Current use
      COMMERCIAL (GENERAL)
      $12,165,000
      Change: +50% Conversion: Easy
      RESTAURANT
      $11,955,000
      Change: +48% Conversion: Moderate
      RETAIL STORES
      $11,660,000
      Change: +44% Conversion: Moderate
      MEDICAL BUILDING
      $10,905,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,465,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $7,530,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5474
    Latitude
    42.5018
    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
    $207,287
    $0.00
    $0.00
    $5,727,670
    -
    $0.00
    $0.00
    $11,455,340

    Comparable in this City

    • Value Estimation
      $1,290,000
      14,046 SF

      49357 Pontiac Trl Ste, Unit 102

      OFFICE BUILDING • 14,046 SF
      49357 Pontiac Trl Ste, Wixom, MI 48393-2069
      View Details
    • Value Estimation by Request
      1,298 SF

      49030 Pontiac Trl Ste, Unit 200

      OFFICE BUILDING • 1,298 SF
      49030 Pontiac Trl Ste, Wixom, MI 48393-2586
      View Details
    • Value Estimation
      $3,090,000
      50,765 SF

      30300 Beck Rd

      OFFICE BUILDING • 50,765 SF
      30300 Beck Rd, Wixom, MI 48393-2829
      View Details
    • Value Estimation by Request
      1,820 SF

      49100 Pontiac Trl

      OFFICE BUILDING • 1,820 SF
      49100 Pontiac Trl, Wixom, MI 48393-2569
      View Details
    • Value Estimation
      $11,760,000
      111,409 SF

      28345 Beck Rd

      OFFICE BUILDING • 111,409 SF
      28345 Beck Rd, Wixom, MI 48393-4733
      View Details
    • Value Estimation
      $18,130,000
      172,700 SF

      51701 Grand Riv Ave

      OFFICE BUILDING • 172,700 SF
      51701 Grand Riv Ave, Wixom, MI 48393-2307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Wixom Multi-Tenant Office Asset

      20,000 SF multi-tenant office building in Wixom, Michigan.
      28004 Center Oaks Ct, Wixom, MI 48393
      View Details
    • Contact for pricing
      1,493 SF

      Versatile Commercial Property for Sale

      Commercial property with flexible zoning, ideal for various business uses.
      50274 Grand River Ave, Wixom, MI 48393
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      Wixom Flex/Warehouse Space Available

      Flex/warehouse space for sale with immediate occupancy.
      49100-49140 Wixom Tech Dr, Wixom, MI 48393
      View Details
    • $2,300,000
      8,240 SF

      Turn-Key Brewery Production Facility

      Fully equipped brewery and beverage production facility in Wixom.
      28800 Wall St, Wixom, MI 48393
      View Details
    • $4,285,714

      Industrial Property with Cranes

      33,918 SF industrial building on 12.25 acres.
      52700 Pontiac Trl, Wixom, MI 48393
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building in Alpha Tech

      39,625 SF office building with I-96 exposure.
      48797 Alpha Dr, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Flex Space Available

      Flex space available for lease in Wixom, Michigan.
      47151 Cartier Ct, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Retail/Office Space Available

      Retail and office spaces for lease in Wixom, Michigan.
      1537-1585 N Wixom Rd, Wixom, MI 48393
      View Details
    • Contact for pricing

      Retail, Office, Medical Space Available

      Retail, office, or medical spaces in downtown Wixom.
      49078 Pontiac Trl, 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 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
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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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