Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space Available For Lease Title is generated by Realmo AI

    35150 Central City Parkway, Westland, MI 48185

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for lease at 35150 Central City Parkway.

    Type:Office
    Added:
    Jan 8, 2022
    Days on Market:
    1610
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for 35150 Central City Parkway

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 35150 Central City Parkway Contact us

    Available Space $12/Mo

    Size
    24,860 SF
    Type
    Office
    Estimated NNN’s $4.50 PSF
    Contact us

    We can help!

    Listing Contact
    Jordan Jabbori

    Listing agent Jordan Jabbori License #MI

    Listing office CMP Real Estate Group

    Listing date Jan 8, 2022

    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 CMP Real Estate Group

    HighLights

    • For Lease

    Overview

    Office space is available for lease at 35150 Central City Parkway in Westland, Michigan. The property is suitable for commercial real estate purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beauty Central (Bike/Boat/Book/etc) Store Lee Wig & Beauty ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • MTX Repair Center | PHONE REPAIR, iPHONE REPAIR, iPAD REPAIR, TABLET, ANDROID, COMPUTER, LAPTOP, AND GAME CONSOLE REPAIR — 35675 Central City Pkwy, Westland, MI 48185
    • iRepair and Accessories — 35000 Warren Rd, Westland, MI 48185
    • FAST REPAIR & ACCESSORIES (Westland Shopping Center) — Located:Inside Westland Shopping Center, 35000 Warren Rd Suite# K1, Westland, MI 48185

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3881162
    Latitude
    42.3439885

    Nearby Similar for Lease

    • $1,500/Mo
      1,779 SF

      Westland Commercial Space on Wayne

      1,779 sq ft retail/office space on high-visibility S Wayne Road.
      1630 S Wayne Road, Westland, MI 48186
      View Details
    • $1,500/Mo
      2,828 SF

      Westland Commercial Space on Wayne

      Move-in ready commercial space suitable for retail or office use.
      1638 S Wayne Road, Westland, MI 48186
      View Details
    • $4,900/Mo
      4,395 SF

      Westland Commercial Building with Lot

      Commercial building with additional lot in Westland, Michigan.
      27427 Joy Road, Westland, MI 48185
      View Details
    • $12 SF/Yr
      1,700 SF

      Westland Medical Office Space Available

      Move-in ready medical office space in a high-visibility location.
      1678 S Merriman Road, Westland, MI 48186
      View Details
    • $12 SF/Yr
      1,900 SF

      Westland Office Space Available

      Turn-key office space in Westland, suitable for professional firms.
      1678 S Merriman Road, Westland, MI 48186
      View Details
    • $16 SF/Yr
      36,860 SF

      Westland Retail Space For Lease

      Retail spaces available in Westland, anchored by Kroger.
      31260 Michigan Avenue, Westland, MI 48186
      View Details
    • $650/Mo
      1,550 SF

      Westland Office Space with Amenities

      Private office with shared space, JiuJitsu memberships, and Wi-Fi.
      6572 Commerce Street, Westland, MI 48185
      View Details
    • $1,500/Mo
      1,779 SF

      Westland Commercial Space on Wayne

      1,779 SF move-in ready space for lease or purchase.
      1638 S Wayne Rd, Westland, MI 48186
      View Details
    • $16 SF/Yr
      10,500 SF

      Retail Space Anchored by Kroger

      Retail spaces available for lease in Westland, Michigan.
      31260 Michigan Ave, Westland, MI 48186
      View Details
    • $1,500/Mo
      1,779 SF

      Westland Commercial Space on Wayne

      1779 SF, high-visibility location, flexible layout, move-in ready.
      1630 S Wayne Rd, Westland, MI 48186
      View Details
    • $12 SF/Yr
      1,900 SF

      Turn-Key Office Space Available

      Versatile office space suitable for various professional firms.
      1678 S Merriman Rd Suite A, Westland, MI 48186
      View Details
    • $2,300/Mo
      1,500 SF

      Westland Retail/Office/Medical Space Available

      1500 sq ft retail/office/medical space for lease in Westland.
      36403 Warren Road, Westland, MI 48185
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease at 35150 Central City Parkway.
    Where is this office space located?
    The property is located at 35150 Central City Parkway Westland, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jordan Jabbori
    Real Estate License ID: MI
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    35150 Central City Parkway, Westland, MI 48185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!