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    48985 Wixom Tech Dr Wixom, MI 48393-3557
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    Property profile & analytics

    48985 Wixom Tech Dr Wixom, MI 48393-3557

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    • Manufacturing properties
    • 17,140 SF
    • 1.71 lot acres
    Off-Market
    Last Sale Dec 2, 2025
    $2,226,000
    Property ID
    US43-1727117
    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
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eklund Precision Inc / Industrial Manufacturer
    • Lee Stevens Machinery / Industrial Manufacturer

    Property Details for 48985 Wixom Tech Dr

    Year built
    1998
    Lot size
    1.71 lot acres
    Property size
    17,140 SF
    Zone code
    M-1
    Property type
    Manufacturing properties
    APN
    96-22-05-351-007
    APU
    962205351007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,305,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,030,000
      Market price range: $1.46M - $2.18M
      AI Estimate
      $2,030,000
      Market price range: $1.46M - $2.18M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,870,000
      Current use
      COMMERCIAL (GENERAL)
      $3,020,000
      Change: +62% Conversion: Difficult
      RESTAURANT
      $2,965,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $2,895,000
      Change: +55% Conversion: Moderate
      MEDICAL BUILDING
      $2,705,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,100,000
      Change: +12% Conversion: Easy
      OFFICE BUILDING
      $2,010,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,595,000
      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
    -83.5319
    Latitude
    42.5119
    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
    $39,074
    $0.00
    $0.00
    $816,960
    -
    $0.00
    $0.00
    $1,633,920

    Comparable in this City

    • Value Estimation
      $8,445,000
      98,805 SF

      31220 Oak Crk Dr

      MANUFACTURING (LIGHT) • 98,805 SF
      31220 Oak Crk Dr, Wixom, MI 48393-2432
      View Details
    • Value Estimation
      $1,290,000
      12,078 SF

      28005 Oakland Oaks Ct

      MANUFACTURING (LIGHT) • 12,078 SF
      28005 Oakland Oaks Ct, Wixom, MI 48393-3342
      View Details
    • Value Estimation
      $2,290,000
      18,000 SF

      28046 Oakland Oaks Ct

      MANUFACTURING (LIGHT) • 18,000 SF
      28046 Oakland Oaks Ct, Wixom, MI 48393-3348
      View Details
    • Value Estimation
      $5,385,000
      63,005 SF

      49630 Pontiac Trl

      MANUFACTURING (LIGHT) • 63,005 SF
      49630 Pontiac Trl, Wixom, MI 48393-2009
      View Details
    • Value Estimation
      $4,060,000
      35,536 SF

      50531 Varsity Ct

      MANUFACTURING (LIGHT) • 35,536 SF
      50531 Varsity Ct, Wixom, MI 48393-2081
      View Details
    • Value Estimation
      $3,025,000
      28,840 SF

      48921 Wixom Tech Dr

      MANUFACTURING (LIGHT) • 28,840 SF
      48921 Wixom Tech Dr, Wixom, MI 48393-3557
      View Details

    Similar Nearby for Sale

    • 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
    • $1,945,000
      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
    • $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
    • 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

      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
    • Contact for pricing

      Wixom Warehouse Space Available

      Warehouse space for rent in Wixom, Michigan.
      Interstate 96, Wixom, MI 48393
      View Details
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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.

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