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    Property profile & analytics

    1963 Wayne Rd Westland, MI 48186-5434

    • Commercial real estate
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1279901
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Dollar Store / Discount Store

    Property Details for 1963 Wayne Rd

    Lot size
    0.80 lot acres
    Property type
    Commercial real estate
    APN
    56 075 04 0001 301
    APU
    56075040001301

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3876
    Latitude
    42.2942
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,888
    $0.00
    $0.00
    $443,100
    -
    $0.00
    $0.00
    $886,200

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      Swc Merriman & Parkwood

      Land • 0.35 Acres
      0 Swc Merriman & Parkwood, Westland, MI 48186
      View Details
    • Value Estimation by Request
      0.70 Acres

      35245 Wallace St

      COMMERCIAL (GENERAL) • 0.70 Acres
      35245 Wallace St, Westland, MI 48186-4437
      View Details
    • Value Estimation by Request
      3.98 Acres

      35320 Glenwood Rd

      COMMERCIAL (GENERAL) • 3.98 Acres
      35320 Glenwood Rd, Westland, MI 48186-5425
      View Details
    • Value Estimation by Request
      13,084 SF

      2066 Wayne Rd

      COMMERCIAL (GENERAL) • 13,084 SF
      2066 Wayne Rd, Westland, MI 48186-5428
      View Details
    • Value Estimation by Request
      9.49 Acres

      300 Henry Ruff Rd

      COMMERCIAL (GENERAL) • 9.49 Acres
      300 Henry Ruff Rd, Westland, MI 48186-5087
      View Details
    • Value Estimation by Request

      1200 Hubbard St

      COMMERCIAL (GENERAL)
      1200 Hubbard St, Westland, MI 48186-4961
      View Details

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      Westland Church - Prime Location

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      Westland Restaurant - Prime Location

      High-traffic restaurant, 6,227 sq ft, ample parking.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Westland Retail/Office Opportunity

      High-traffic location, 3 units available
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      Westland Retail Plaza Investment Opportunity

      High-traffic retail space available in Westland, MI.
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      Westland Commercial Space For Lease

      Commercial space suitable for medical, dental, or general office use.
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    • $1,000 /Mo
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      Retail Space in Westland, MI

      Retail units available in Westland, MI, from 600-12,546 SF.
      208 S Wayne Rd, Westland, MI 48186
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      Commercial Outlot in Westland Center

      1.2-acre outlot with 7,000-SF building for lease.
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    • $25 SF/Yr
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      Wayne Road Retail Space Available

      1,345 SF Freestanding Retail Building
      2625 Wayne Rd, Westland, MI 48186
      View Details

    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      5.6k
    • Avg Time on site
      14 min
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    1963 Wayne Rd
    Westland, MI 48186-5434
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    Realmo Value Estimation

    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.

    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.

    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
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