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Property profile & analytics
OFF-MARKET Estimated value $1,805,000
Commercial real estate

2066 Wayne Rd Westland, MI 48186-5428

13,084 SF 0.77 ac lot Built 1977
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US43-1167321
Property summary
AI-generated overview

This exceptional 1,500 square foot office suite, located at 2066 S Wayne Rd in Westland, Michigan, is immediately available for lease. Situated within a larger 8,960 square foot building, this single-story property offers a prime location with convenient access and ample parking. Built in 1977 and extensively renovated in 2013, the building boasts a modern aesthetic while maintaining a functional layout. The suite itself is ideally suited for a variety of uses, including executive offices or medical practices. Its features include a welcoming reception area, three private exam rooms or offices, a spacious open area, a private bathroom, and a convenient kitchenette. The property is zoned CB1: Low Intensity Commercial and has a total of 43 parking spaces available for tenants and their clients. The building's multiple tenancy structure ensures a vibrant and professional atmosphere. This is a rare opportunity to secure a well-maintained, versatile office space in a desirable Westland location. The property's APN is 56-079-01-0014-001, and it is located in Wayne County, Michigan, zip code 48186. This move-in ready space presents an excellent opportunity for businesses seeking a comfortable and functional workspace.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Total area 13,084 SF
Lot 0.77 ac (33,541 SF)
APN 56 076 01 0014 001
UPID US43-1167321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Synergy Physical Therapy and Wellness Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.81M
Owner & transaction history
Apex Properties LLC · 13 yrs held
Apex Properties LLC
since 2012
4 recorded transactions
2022
Price N/A
2017
Price N/A
2012
$175,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.0M +36.5%
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