For-Sale Office
For Sale
$1,550,000
6149 N Wayne Road, Westland, MI 48185
For sale office building offering 12,688 square feet in Westland, Michigan.
Property Size12,688 SF
Days on Market180
Property Features for 6149 N Wayne Road
General Information
Standard status
Active
Size
12,688 SF
Total Parking Spaces
40
Property subtype
Office
Building Details
Building Size
12,688 SF
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Joel Kestenberg · License #6501393354
(248) 330-5286
Source:
Friedmanrealestate
Added: Apr 24
Changed: Oct 14
Last Checked: Oct 19 at 4:47AM
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 Friedman Integrated Real Estate
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Investment Insights
Based on property information with market context.
This for-sale office building totals 12,688 square feet and is offered at $1,550,000. The property falls within the office building/office space segment, providing a straightforward option for an owner-occupant or investor seeking dedicated workspace.
Located at 6149 N Wayne Rd in Westland, Michigan, the asset is presented as a commercial real estate offering with the “For Sale” designation. Additional details on layout, condition, or tenant configuration are not provided in the available information.
Located at 6149 N Wayne Rd in Westland, Michigan, the asset is presented as a commercial real estate offering with the “For Sale” designation. Additional details on layout, condition, or tenant configuration are not provided in the available information.
Key Highlights
- For‑sale office building in Westland, Michigan
- 12,688 sq ft office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,678
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,560
$873.6K
Cap Rate 7%
$623,971
$624.0K
Cap Rate 9%
$485,311
$485.3K
Market Conditions
NOI Build-Up for 12,688 SF
Gross rent
$76.1K $6.00/SF
− Vacancy
−$17.9K −$1.41/SF
EGI
$58.2K $4.59/SF
− OpEx
−$14.6K −$1.15/SF
NOI
$43.7K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,560
Cap Rate 7%
$623,971
Cap Rate 9%
$485,311
Alternative Uses
Best Use
Office B
$624.0K
$546.0K – $728.0K
NOI $43,678 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,436 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 48185, MI
49,730
Population
23,554
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
4,076
Density / Sq Mi
$59,085
Median Household Income
$40,435
Median Earnings
$1,123
Median Rent
$183,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - For sale office building offering 12,688 square feet in Westland, Michigan.
Where is this office building located?
The property is located at 6149 N Wayne Road Westland, MI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: For‑sale office building in Westland, Michigan; 12,688 sq ft office building
