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    49900 Grand River Ave Wixom, MI 48393
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    Property profile & analytics

    49900 Grand River Ave Wixom, MI 48393

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    • Outlet malls
    • 208,276 SF
    For Lease
    $19,390,000
    View Listing →
    Retail Space Inside Meijer Store For Lease
    $19,390,000

    Retail Space Inside Meijer Store

    Prime retail opportunity with high visibility and customer traffic.

    49900 Grand River Ave, Wixom, MI 48393
    View Listing
    Property ID
    US43-0836214
    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

    • Farah G. Hado, RPh / Pharmacy
    • Meijer Optical - CLOSING SOON! / Physician
    • Secretary of State Self-service Station / Department Of Motor Vehicles / Kiosk
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Western Union / Bank / Credit Union

    Property Details for 49900 Grand River Ave

    Year built
    1995
    Property size
    208,276 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    96-22-07-401-051
    APU
    962207401051

    Description

    This exceptional retail opportunity is located inside a high-traffic Meijer store in Wixom, Michigan, at 49900 Grand River Ave, 48393. The space totals 490 square feet and offers a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including high foot traffic, an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities, and excellent branding opportunities with both interior and exterior signage. The space is situated in a thriving trade area with a desirable customer base in Oakland County. Ideal for businesses seeking strong exposure and a convenient, established location within a well-known retail destination. The property is part of a larger retail offering with multiple vacancies in Meijer stores across the Midwest. This space is perfect for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,401,000
      Market price range: $16.4M - $54.7M
      AI Estimate
      $17,381,000
      Market price range: $13.0M - $45.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5414
    Latitude
    42.4973
    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
    $280,891
    $0.00
    $0.00
    $7,185,330
    -
    $0.00
    $0.00
    $14,370,660

    Comparable in this City

    • Value Estimation
      $17,745,000
      233,158 SF

      10400 Assembly Park Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 233,158 SF
      10400 Assembly Park Dr, Wixom, MI 48393-0009
      View Details
    • Value Estimation
      $1,700,000
      7,540 SF

      49582 Grand Riv Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,540 SF
      49582 Grand Riv Ave, Wixom, MI 48393-3301
      View Details
    • Value Estimation
      $16,435,000
      233,158 SF

      10400 Assembly Park Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 233,158 SF
      10400 Assembly Park Dr, Wixom, MI 48393-0009
      View Details
    • Value Estimation
      $11,460,000
      108,816 SF

      10800 Assembly Park Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 108,816 SF
      10800 Assembly Park Dr, Wixom, MI 48393-0010
      View Details
    • Value Estimation
      $2,460,000
      14,265 SF

      10900 Assembly Park Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 14,265 SF
      10900 Assembly Park Dr, Wixom, MI 48393-0039
      View Details
    • Value Estimation by Request
      208,276 SF

      49860 Grand Riv Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 208,276 SF
      49860 Grand Riv Ave, Wixom, MI 48393-3318
      View Details

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      Retail Space in North Park Plaza

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      Wixom Retail/Office Space Available

      Retail and office spaces for lease in Wixom, Michigan.
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      Retail, Office, Medical Space Available

      Retail, office, or medical spaces in downtown Wixom.
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      Retail Space on Pontiac Trail

      Retail spaces available for lease on Pontiac Trail.
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      Retail Space Near Pontiac Trail

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      View Details
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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.

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