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    925 N Lapeer Rd Oxford, MI 48371

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    925 N Lapeer Rd Oxford, MI 48371

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    • Industrial properties
    • 207,073 SF
    • 19.74 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    High-Traffic Oxford Retail Opportunity For Lease
    $15 SF/Yr
    207,073 SF

    High-Traffic Oxford Retail Opportunity

    Retail space in a high-traffic family entertainment venue.

    925 N Lapeer Rd, Oxford, MI 48371
    View Listing
    Property ID
    US43-1584162
    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

    • K1 Speed - Indoor Go Karts, Corporate Event Venue, Team Building Activities / Tour Operator / Campground & RV Park
    • Bullz Boxing Club / Gym & Fitness Center / Sports School
    • ETS Performance North Oakland / Gym & Fitness Center / Sports Field & Court
    • Starr Sackin PLLC / Law Firm / Child Welfare Organization
    • Belle Vie Salon and Lash Lounge / Hair Salon

    Property Details for 925 N Lapeer Rd

    Year built
    1963
    Lot size
    19.74 lot acres
    Property size
    207,073 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    P -04-22-101-003
    APU
    P0422101003

    Description

    This thriving 207,073 square foot shopping center in Oakland County offers exceptional retail space in a high-traffic, family-oriented environment. Located on a 19.73-acre lot with abundant parking, this C2-zoned property allows for both retail and office uses. The center boasts major tenants including K1 Speed, Urban Air Trampoline Park, Axe Social, and 925 Bar and Kitchen, generating significant foot traffic and event-driven business. Spaces range from 1,300 to 3,500 contiguous square feet, with 10,000 square feet currently vacant. Two prominent spaces are available: a 3,200 square foot south corner unit and a 3,500 square foot space adjacent to the Axe throwing bar and restaurant. The building features an operating garage door and benefits from excellent visibility from M-24. The property's existing tenant mix, including a high-end athletic training gym, suggests opportunities for complementary businesses such as bakeries, beauty services, sporting goods, health and wellness providers, or family-friendly restaurants. Ownership seeks a 3-5 year lease term, with flexibility for tenant build-outs. The center also includes catering, meeting rooms, and an event center available for reservation, further enhancing its appeal and potential. This is an unparalleled opportunity to join a dynamic and successful retail development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,069,000
      Market price range: $11.0M - $22.2M
      AI Estimate
      $7,509,000
      Market price range: $4.85M - $16.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2752
    Latitude
    42.8388
    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
    $160,479
    $0.00
    $0.00
    $4,391,440
    -
    $0.00
    $0.00
    $8,782,880

    Comparable in this City

    • Value Estimation
      $1,915,000
      27,912 SF

      3606 Thomas Rd

      INDUSTRIAL LOFT BUILDING • 27,912 SF
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      View Details
    • Value Estimation
      $3,410,000
      60,600 SF

      3200 Adventure Ln

      INDUSTRIAL LOFT BUILDING • 60,600 SF
      3200 Adventure Ln, Oxford, MI 48371-1638
      View Details
    • Value Estimation
      $1,200,000
      30,275 SF

      Oxford, MI 48371

      INDUSTRIAL LOFT BUILDING • 30,275 SF
      Oxford, MI 48371
      View Details
    • Value Estimation
      $750,000
      11,200 SF

      3275 Metamora Rd Ste B

      INDUSTRIAL LOFT BUILDING • 11,200 SF
      3275 Metamora Rd Ste B, Oxford, MI 48371-1646
      View Details
    • Value Estimation by Request
      3,669 SF

      5 Glaspie St

      HEAVY INDUSTRIAL • 3,669 SF
      5 Glaspie St, Oxford, MI 48371-5191
      View Details
    • Value Estimation by Request
      6.23 Acres

      Oxford Rd

      Land • 6.23 Acres
      0 Oxford Rd, Oxford, MI 48371
      View Details

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    Similar Nearby for Lease

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      Retail Space in Oxford

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      Oxford Office Space For Lease

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      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
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    View Listing
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    Oxford, MI 48371
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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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    925 N Lapeer Rd, Oxford, MI, 48371

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