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    47620 West Rd Wixom, MI 48393

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    47620 West Rd Wixom, MI 48393

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    • Industrial properties
    • 23,797 SF
    • 2.21 lot acres
    For Lease
    $2,035,000
    View Listing →
    Wixom Industrial Property for Lease For Lease
    $2,035,000

    Wixom Industrial Property for Lease

    Industrial property available for lease in Wixom, Michigan.

    47620 West Rd, Wixom, MI 48393
    View Listing
    Property ID
    US43-4351755
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sort of Stephanie Commercial Janitorial Services / General Contractor

    Property Details for 47620 West Rd

    Year built
    1991
    Lot size
    2.21 lot acres
    Property size
    23,797 SF
    Zone code
    M-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    96-22-05-476-031
    APU
    962205476031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,033,000
      Market price range: $2.03M - $3.03M
      AI Estimate
      $2,033,000
      Market price range: $2.03M - $3.03M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,595,000
      Current use
      AUTO REPAIR, GARAGE
      $2,915,000
      Change: +12% Conversion: Easy
      OFFICE BUILDING
      $2,790,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,215,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5184
    Latitude
    42.5095
    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
    $20,962
    $0.00
    $0.00
    $713,330
    -
    $0.00
    $0.00
    $1,426,660

    Comparable in this City

    • Value Estimation
      $5,085,000
      59,523 SF

      47850 Ww Rd

      INDUSTRIAL LOFT BUILDING • 59,523 SF
      47850 Ww Rd, Wixom, MI 48393-3667
      View Details
    • Value Estimation
      $3,950,000
      34,037 SF

      47815 Ww Rd

      INDUSTRIAL LOFT BUILDING • 34,037 SF
      47815 Ww Rd, Wixom, MI 48393-4741
      View Details
    • Value Estimation by Request
      2,000 SF

      28525 Beck Rd, Unit 118

      INDUSTRIAL LOFT BUILDING • 2,000 SF
      28525 Beck Rd, Wixom, MI 48393-4743
      View Details
    • Value Estimation
      $5,460,000
      48,345 SF

      48325 Alpha Dr

      INDUSTRIAL LOFT BUILDING • 48,345 SF
      48325 Alpha Dr, Wixom, MI 48393-3451
      View Details
    • Value Estimation
      $2,800,000
      32,760 SF

      28373 Beck Rd

      INDUSTRIAL LOFT BUILDING • 32,760 SF
      28373 Beck Rd, Wixom, MI 48393-4734
      View Details
    • Value Estimation
      $2,800,000
      32,760 SF

      28317 Beck Rd

      INDUSTRIAL LOFT BUILDING • 32,760 SF
      28317 Beck Rd, Wixom, MI 48393-4729
      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
    • $299,900
      1,493 SF

      Versatile Commercial Property in Wixom

      Commercial property in Wixom, MI, zoned IRO.
      50274 Grand River Ave, 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
      View Details
    • Contact for pricing
      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 Industrial Property for Lease

      Industrial property available for lease in Wixom, Michigan.
      47620 West Rd, Wixom, MI 48393
      View Details
    • $13 SF/Yr
      2,880 SF

      Wixom Industrial Space Available

      Industrial property available for lease in Wixom, Michigan.
      47689 Avante Dr, 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
    • Contact for pricing

      Flex Space with Office

      End unit with office space and freeway exposure potential.
      29234 Lyon Oaks Dr, Wixom, MI 48393
      View Details
    • $7 SF/Yr
      110,000 SF

      Wixom Warehouse Space Available

      110,000 sq ft warehouse space for lease in Wixom.
      30811 Century Dr, Wixom, MI 48393
      View Details
    View Listing
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    Wixom, MI 48393
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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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