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Financial
Distress signals
Property profile

28735 Joy Rd Westland, MI 48185

FOR SALE
Office buildings
Property ID
US43-1806973
240 SF 1.25 ac lot Built 1960
Last sale Apr 2024 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A multi-service vehicle wash facility configured for car, truck, and RV washing, with dedicated car wash bays, a dedicated RV wash bay that includes a dumping station, and a propane filling station. The site also includes supporting storage areas and a detailing service bay, providing multiple functional work areas associated with vehicle cleaning and service. The property footprint includes the main wash operations plus two additional parcels, and the facility is set up to operate as an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value · 2024$492k
Effective rate4.27%

Value estimate

· Oct 2026
$600k
$540k – $660k
AI approach$600k
NOI build-up
Gross scheduled income$181k
Vacancy & credit loss−$7k
Operating expenses−$44k
NOI · 7.68% cap applied$131k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$133/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$74 – $206

Cap rate analysis

How does the asset earn?
7.68%
$131k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency49.9
Law Firm39.7
Restaurant33.7

Location

28735 Joy Rd Westland, MI 48185
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
36900 Frd, Westland, MI 48185-2231 $190,000 Jan 2024 1,000 SF
8543 Inkster, Westland, MI 48185-5502 $150,000 Jan 2024 1,828 SF
8455 Inkster, Westland, MI 48185-5502 $295,000 Feb 2022 800 SF
28500 Warren, Westland, MI 48185-2638 $133,000 Jan 2022 825 SF
36167 Frd, Westland, MI 48185-2206 $185,000 Dec 2021 1,520 SF
8473 Middlebelt, Westland, MI 48185-1810 $40,000 Sep 2019 1,590 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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