Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Van Born Rd Westland, MI 48185

    • Land
    • 0.48 lot acres
    For Sale
    View listing
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Van Born Rd

    Lot size
    0.48 lot acres
    Property type
    Land

    Description

    This exceptional 0.48-acre commercial land parcel presents a remarkable investment opportunity in Westland, Michigan. Located on Van Born Road in Wayne County, this property boasts a highly desirable CB-3 zoning designation, opening doors to a wide array of commercial development possibilities. The lot features convenient main road frontage and generous dimensions of approximately 75 feet by 285 feet, providing ample space for various projects. Its strategic location offers easy access to the Detroit Metropolitan Airport, enhancing its appeal for businesses requiring convenient transportation links. Priced competitively at $30,000, this property represents an excellent value for developers and investors seeking a well-situated commercial land holding in a thriving Michigan community. The property's address is Van Born Rd, Westland, MI 48185. The precise coordinates are latitude 42.3358116 and longitude -83.3842808. This is a rare opportunity to acquire a strategically located commercial lot at an attractive price point. Don't miss out on this chance to secure a valuable asset in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3843
    Latitude
    42.3358

    Comparable in this City

    • Value Estimation by Request

      Wayne Rd

      Restaurants
      0 Wayne Rd, Westland, MI 48185
      View Details
    • Value Estimation by Request
      0.88 Acres

      Wayne Rd

      Land • 0.88 Acres
      0 Wayne Rd, Westland, MI 48185
      View Details
    • Value Estimation by Request
      2.80 Acres

      Wayne Rd

      Land • 2.80 Acres
      0 Wayne Rd, Westland, MI 48185
      View Details
    • Value Estimation by Request
      1.80 Acres

      Nec Of Wayne Rd & Hunter Ave

      Land • 1.80 Acres
      0 Nec Of Wayne Rd & Hunter Ave, Westland, MI 48185
      View Details
    • Value Estimation by Request
      0.54 Acres

      7051 Wayne Rd

      Land • 0.54 Acres
      7051 Wayne Rd, Westland, MI 48185
      View Details
    • Value Estimation by Request
      1.67 Acres

      185 Newburgh Rd

      Land • 1.67 Acres
      185 Newburgh Rd, Westland, MI 48185
      View Details

    Similar Nearby for Sale

    • $800,000
      1.80 Acres

      Westland Commercial Land - Prime Location

      High-traffic corner lot, ideal for development.
      0 Nec Of Wayne Rd & Hunter Ave, Westland, MI 48185
      View Details
    • $199,000
      0.54 Acres

      Westland Commercial Land - $199K

      0.54-acre lot, prime Westland location.
      7051 Wayne Rd, Westland, MI 48185
      View Details
    • Contact for pricing
      1.83 Acres

      Westland Commercial Land - 1.83 Acres

      High-traffic Warren Rd location, ideal for retail.
      36101 Warren Rd, Westland, MI 48185
      View Details
    • $400,000
      1.67 Acres

      Westland Commercial Land - $400K

      1.67 Acres, High-Visibility Location
      185 Newburgh Rd, Westland, MI 48185
      View Details
    • $395,000
      0.88 Acres

      Westland Commercial Land - $395K

      0.88-acre lot, high-traffic area, CB4 zoning.
      0 Wayne Rd, Westland, MI 48185
      View Details
    • $30,000
      0.48 Acres

      Westland Commercial Land - $30K

      0.48-acre commercial lot, prime location.
      0 Van Born Rd, Westland, MI 48185
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,044,467 SF

      Westland Shopping Center: Retail Opportunity

      High-traffic mall, diverse spaces available.
      35000 Warren Rd, Westland, MI 48185
      View Details
    • Contact for pricing
      38,333 SF

      Westland Crossing Outparcel: Prime Retail Land

      High-traffic retail land, excellent visibility.
      0 Wayne Rd, Westland, MI 48185
      View Details
    • Contact for pricing

      Vacant Land on Middlebelt Road

      0.52 acres vacant land with frontage on two roads.
      7975 North Middlebelt Rd, Westland, MI 48185
      View Details
    • $2,500 /Mo

      Westland Commercial Lot For Lease

      Prime commercial lot in Westland's retail corridor for lease.
      7051 n Wayne Rd N, Westland, MI 48185
      View Details
    • $12 SF/Yr
      28,000 SF

      Merriman-Warren Shopping Center: Westland, MI

      Prime Westland Retail Space Available
      31216 Warren Rd, Westland, MI 48185
      View Details
    • $16 SF/Yr
      3,295 SF

      Westland Medical Office Space For Lease

      Prime Medical/Commercial Space Available in Westland, MI
      6005 Wayne Rd, Westland, MI 48185
      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 Rd
    Westland, MI 48185
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.