Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Commercial Vacant Land Frd Rd Westland, MI 48185

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,900

    90 x 110 commercial lot in Westland, Michigan.

    Lot size:
    0.05 Acres

    Property Features for Commercial Vacant Land Frd Rd

    General Information

    Lot size
    0.05 Acres

    We can help!

    Listing Contact
    Al Berry
    Al Berry
    Source: Elliman

    Listing Agent: Al Berry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Lot on Ford Road

    This commercial lot, measuring 90 x 110, is located on Ford Road in Westland. The property consists of five parcels with a total of 90 feet of frontage. Situated in a strong commercial corridor, this property offers possibilities for development with high visibility and accessibility. The sale includes parcels 56031010040000, 56031010041000, 56031010042000, 56031010043000, and 56031010044001.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3852
    Latitude
    42.3351

    Nearby Similar for Sale

    • $13,000,000
      11,800 SF

      Turnkey Truck Terminal and Repair

      Multi-income commercial trucking facility with repair shop, parts store, parking.
      1475 S Newburgh Rd, Westland, MI 48186
      View Details
    • $540,000
      2,356 SF

      Canton Farmhouse with Large Pole Barn

      Farmhouse on 2.35 acres with a 32'x100' pole barn.
      49035 Geddes Rd, Canton, MI 48188
      View Details
    • New
      $599,000
      4,395 SF

      Westland Commercial Building with Lot

      Commercial building with additional lot, ideal for investors.
      27427 Joy Rd, Westland, MI 48185
      View Details
    • New
      $180,000
      656 SF

      Westland Duplex with Investment Potential

      Half-duplex with two bedrooms, dine-in kitchen, and unfinished basement.
      1923 Stieber St, Westland, MI 48186
      View Details
    • $1,500,000
      5.72 Acres

      Canton Land with Approved Plans

      Land with approved plans for warehouse and truck parking.
      4891 S Sheldon Rd, Canton, MI 48188
      View Details
    • $239,990
      1,309 SF

      Detached Ranch Condo with Basement

      Well-maintained condo in Westhaven Estates with open layout and wooded views.
      34883 Poplar Ln, Westland, MI 48185
      View Details
    • $190,000

      Canton Townhome-Style Condo with Updates

      Well-kept three-bedroom condo with updated kitchen and baths.
      6986 Harvard Ln, Canton, MI 48187
      View Details
    • $289,000
      1,512 SF

      Cape Cod Condo with Updates

      Well-maintained condo with updated features, convenient location, and Plymouth/Canton schools.
      139 Concord Dr, Canton, MI 48188
      View Details
    • New
      $339,900
      3,677 SF

      Westland Multi-Unit Investment Opportunity

      Three-unit property with strong rental appeal in Westland, Michigan.
      2119 Emerson St, Westland, MI 48186
      View Details
    • $319,000

      Golf Course View Brick Ranch

      Two-bedroom condo with golf course views in Canton.
      1913 Pebble Creek Dr, Canton, MI 48188
      View Details
    • $3,200,000
      44,644 SF

      Ford Road Redevelopment Opportunity

      44,644 SF building on 3.36 acres for sale.
      34250 Ford Rd, Westland, MI 48185
      View Details
    • New
      $299,900
      3,680 SF

      Westland Quadruplex Investment Opportunity

      Four spacious units, strong rental demand, consistent income potential.
      2103 Elbridge Ct, Westland, MI 48186
      View Details

    FAQs

    What type of property is this?
    Commercial land - 90 x 110 commercial lot in Westland, Michigan.
    Where is this commercial land located?
    The property is located at Commercial Vacant Land Frd Rd Westland, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Prime commercial location on Ford Road in Westland.; - High visibility and accessibility.; - **90 ft frontage on a thriving commercial corridor.**
    (313) 671-9000
    Request Owner's contact information
    Commercial Vacant Land Frd Rd Westland, MI 48185
    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.
    Commercial Vacant Land Frd Rd
    Westland, MI 48185
    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
    Commercial Vacant Land Frd Rd Westland, MI 48185
    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

    We can help!
    Listing Contact
    Al Berry
    Al Berry
    Real Estate License ID: 6502379266
    (313) 671-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.