28735 Joy Rd, Westland, MI 48185
High-potential commercial property with diverse income streams.
- Added:
- Apr 23, 2025
- Days on Market:
- 430
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 28735 Joy Rd
General Information
- Standard status
- Active
- Size
- 10,080 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1960
Listing office Sun Flower
Listing date Apr 23, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sun Flower
HighLights
- Multi‑service car, truck & RV wash facility with diverse income streams.
- Includes car wash bays, RV wash bay with dumping station, and propane filling station.
- Integrated storage solutions and detailing service bay for additional revenue.
- Turn‑key operation with equipment and inventory included in the sale.
- Includes 2 additional parcels (56‑002‑99‑0009‑000 and 56‑002‑99‑0010‑000).
- Land contract available with minimum $600k down.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.4k | $18.00 |
| − Vacancy | −$7.3k | −$0.72 |
| EGI | $174.2k | $17.28 |
| − OpEx | −$43.5k | −$4.32 |
| NOI | $130.6k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3247225
- Latitude
- 42.3541058