Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    48797 Alpha Dr Wixom, MI 48393
    Back to Search
    Property profile & analytics

    48797 Alpha Dr Wixom, MI 48393

    View on Map
    • Life science properties
    • 40,000 SF
    • 4.24 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Office Building in Alpha Tech For Lease
    $13 SF/Yr
    39,625 SF

    Office Building in Alpha Tech

    39,625 SF office building with I-96 exposure.

    48797 Alpha Dr, Wixom, MI 48393
    View Listing
    Property ID
    US43-1337574
    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

    • Egis / General Contractor
    • Quality Freight Logistics / Logistics Company / Freight Service

    Property Details for 48797 Alpha Dr

    Year built
    2000
    Lot size
    4.24 lot acres
    Property size
    40,000 SF
    Zone code
    IRO
    Property type
    Life science properties
    APN
    96-22-08-327-016
    APU
    962208327016

    Description

    This single-story, Class B office building, totaling 39,625 square feet, is situated in the Alpha Tech Corporate Park in Wixom, Michigan. Built in 2000, the property boasts a prime location with excellent visibility from I-96, east of Wixom Road, offering significant signage opportunities to a daily traffic count exceeding 157,000 vehicles. The building currently has 7,398 square feet of vacant space available for lease, ideal for a single tenant or divisible to accommodate requirements ranging from 10,000 to 30,000 square feet. The flexible floor plan allows for customization to meet specific tenant needs. The property sits on a 4.24-acre lot and includes 277 parking spaces. The building is zoned IRO and its Oakland County APN is 22-08-327-016. This executive office space presents a unique opportunity for businesses seeking a high-profile location with excellent accessibility and ample parking in a thriving corporate park. The address is 48797 Alpha Dr, Wixom, MI 48393.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5319
    Latitude
    42.4991
    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
    $61,212
    $0.00
    $0.00
    $2,144,060
    -
    $0.00
    $0.00
    $4,288,120

    Comparable in this City

    • Value Estimation by Request
      14,048 SF

      28043 Ctr Oaks Ct

      R&D FACILITY, LABS, PHARMA • 14,048 SF
      28043 Ctr Oaks Ct, Wixom, MI 48393-3344
      View Details
    • Value Estimation by Request
      66,070 SF

      29295 Lyon Oaks Dr

      R&D FACILITY, LABS, PHARMA • 66,070 SF
      29295 Lyon Oaks Dr, Wixom, MI 48393-2340
      View Details
    • Value Estimation by Request
      14,071 SF

      51004 Century Ct

      R&D FACILITY, LABS, PHARMA • 14,071 SF
      51004 Century Ct, Wixom, MI 48393-2087
      View Details
    • Value Estimation by Request
      20,695 SF

      28004 Ctr Oaks Ct

      R&D FACILITY, LABS, PHARMA • 20,695 SF
      28004 Ctr Oaks Ct, Wixom, MI 48393-3360
      View Details
    • Value Estimation by Request
      8,206 SF

      29627 Tech Dr

      R&D FACILITY, LABS, PHARMA • 8,206 SF
      29627 Tech Dr, Wixom, MI 48393-3561
      View Details
    • Value Estimation by Request
      12,000 SF

      49197 Wixom Tech Dr Ste B

      R&D FACILITY, LABS, PHARMA • 12,000 SF
      49197 Wixom Tech Dr Ste B, Wixom, MI 48393-3572
      View Details

    Similar Nearby for Sale

    • $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
    • New
      $299,900
      Pending

      Versatile Commercial Property in Wixom

      Commercial property in Wixom, MI, zoned IRO.
      50274 Grand River Ave, Wixom, MI 48393
      View Details
    • New
      $425,000
      0.62 Acres

      Wixom Land For Sale

      Land suitable for office, research, and low-impact industrial uses.
      50272 Grand River Ave, 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
    • 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
    • $13 SF/Yr
      1,940 SF

      Wixom Industrial Space Available

      Industrial property available for lease in Wixom, Michigan.
      47689 Avante Dr, Wixom, MI 48393
      View Details
    • Contact for pricing

      Flex Space in Wixom

      Flex space for lease in Century Technology Center, Wixom.
      50481 W Pontiac Trl, Wixom, MI 48393
      View Details
    • Contact for pricing

      Wixom Warehouse with 32' Clearance

      81,881 SF warehouse space available for rent in Wixom, MI.
      29837 Wixom Rd, Wixom, MI 48393
      View Details
    View Listing
    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.
    48797 Alpha 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

    Thank You for Inquiry
    48797 Alpha Dr, Wixom, MI, 48393
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!