Retail Space For
6308 N Wayne Rd Westland, MI 48185
6308 N Wayne Rd, Westland, MI, 48185
Contact for pricing
For Sale
Contact for pricing
Retail space available for purchase.
Property Size2,839 SF
Price / SF$174.36
Days on Market901
Property Features for 6308 N Wayne Rd
General Information
- Standard status
- Active
- Size
- 2,839 SF
- Property subtype
- Retail
Listing Agency
Landmark Commercial Real Estate Services
(248) 488-2620
Listed by
Anthony J. Vitale · License #6505422306
Source
Crexi
Added: Jan 31, 2024 Updated: Jul 6 at 7:57 am Checked: Jul 19 at 7:16 am
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This retail space, with a size of 2839 square feet, is available for sale.
Key Highlights
- No property information provided.
Local Financial Insights For 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 | $40.9k | $14.40 |
| − Vacancy | −$2.5k | −$0.86 |
| EGI | $38.4k | $13.54 |
| − OpEx | −$11.5k | −$4.06 |
| NOI | $26.9k | $9.48 |
2,839 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$384.3K
$336.3K – $448.3K
NOI $26,900 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$525.6K
$459.9K – $613.2K
NOI $36,793 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 6308 N Wayne Rd Westland, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: No property information provided.
