Westland Retail Space For
For Sale
Contact for pricing
6360 N Wayne Rd, Westland, MI 48185
7,250 SF retail space available in Westland, Michigan.
Property Size7,250 SF
Price / SF$137.24
Days on Market993
Property Features for 6360 N Wayne Rd
General Information
Standard status
Active
Size
7,250 SF
Property subtype
Retail
Zoning
CB-3
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Anthony J. Vitale · License #6501381001
(248) 488-2620
Source:
Crexi
Added: Jan 31, 2024
Changed: Oct 5
Last Checked: Oct 19 at 3:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 7,250-square-foot retail space available for purchase. Located in Westland, Michigan, the property is designated for sale.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,695
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,900
$1.4M
Cap Rate 7%
$981,357
$981.4K
Cap Rate 9%
$763,278
$763.3K
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$104.4K $14.40/SF
− Vacancy
−$6.3K −$0.86/SF
EGI
$98.1K $13.54/SF
− OpEx
−$29.4K −$4.06/SF
NOI
$68.7K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,900
Cap Rate 7%
$981,357
Cap Rate 9%
$763,278
Alternative Uses
Best Use
Retail
$981.4K
$858.7K – $1.14M
NOI $68,695 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,960 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Dining 27%
Shops & Services 22%
Apparel 15%
Target
Superstores
83,123 visits/mo
0.5 miles
Burlington
Apparel
37,662 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
20,702 visits/mo
0.2 miles
Taco Bell
Dining
17,882 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
16,116 visits/mo
0.4 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 7,250 SF retail space available in Westland, Michigan.
Where is this retail space located?
The property is located at 6360 N Wayne Rd Westland, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
