Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Van Born And Westlake Taylor, MI 48180
    Back to Search
    Property profile & analytics

    Van Born And Westlake Taylor, MI 48180

    View on Map
    • Land
    • 4.62 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Van Born And Westlake

    Lot size
    4.62 lot acres
    Property type
    Land

    Description

    This exceptional 4.62-acre commercial land parcel is strategically located at the intersection of Van Born Road and Westlake in Taylor, Michigan, zip code 48180. The property boasts ample frontage on Van Born Road, a major thoroughfare experiencing significant daily traffic. Zoned B-3 General Business, this site presents a remarkable opportunity for diverse commercial or mixed-use development. The location benefits from a substantial population base, with over 276,313 people residing within a 5-mile radius. Furthermore, the high traffic volume on nearby Telegraph Road (over 61,000 vehicles daily) provides exceptional visibility and accessibility. This property is priced at $699,000, translating to $151,298 per acre. An adjacent 2.75-acre parcel is also available for purchase, offering potential for expansion or synergistic development. This is a rare opportunity to acquire a significant commercial land holding in a high-growth area of Wayne County. The property's location and zoning make it ideal for a variety of commercial ventures, capitalizing on the strong local demographics and high traffic counts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.272
    Latitude
    42.2164

    Comparable in this City

    • Value Estimation by Request
      1.09 Acres

      Eureka & Allen

      Land • 1.09 Acres
      0 Eureka & Allen, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      6.02 Acres

      Telegraph Rd

      Land • 6.02 Acres
      0 Telegraph Rd, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      19.76 Acres

      Brest

      Land • 19.76 Acres
      0 Brest, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      1.64 Acres

      Wick Rd

      Land • 1.64 Acres
      0 Wick Rd, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      0.28 Acres

      Goddard Rd

      Land • 0.28 Acres
      0 Goddard Rd, Taylor, MI 48180
      View Details
    • Value Estimation by Request
      1.81 Acres

      26140 Northline Rd

      Land • 1.81 Acres
      26140 Northline Rd, Taylor, MI 48180
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Goddard Rd, Taylor, MI 48180
      View Details
    • $35,000
      3.60 Acres

      Taylor, MI Commercial Land - 3.6 Acres

      Prime 3.6-acre commercial lot in Taylor, MI.
      0 3.6 Acres – Pardee Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Vacant Land in Taylor

      Vacant land for sale off Wick Road near Telegraph Road.
      Wick Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Taylor, Michigan.
      Brest, Taylor, MI 48180
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Ecorse Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Land For Sale

      10 Acres of land for sale.
      10 Acres Inkster Rd, Taylor, MI 48180
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant use.
      20740 Ecorse Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Land for Rent in Taylor

      Land available for rent in Taylor, Michigan.
      7815 Telegraph Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      6.89 Acre Hard Corner Site

      6.89 acre hard corner site for lease in Taylor.
      25800 Northline Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Retail Space and Land Available

      Retail space and land available with long-term tenants.
      27250 Eureka Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Taylor, Michigan.
      14400 Pardee Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Ecorse Road Commercial Land Lease

      1 AC commercial land for lease on Ecorse Road.
      22255 Ecorse Rd, Taylor, MI 48180
      View Details
    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.
    Van Born And Westlake
    Taylor, MI 48180
    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
    Van Born And Westlake, Taylor, MI, 48180
    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!