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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2223 Delton Ct Westland, MI 48186

    • Commercial real estate
    • 2,108 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0360688
    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

    • Commercial real estate

    Property Details for 2223 Delton Ct

    Year built
    1942
    Property size
    2,108 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a two-unit duplex located at 2223 and 2225 Delton Ct, Westland, MI 48186. Built in 1942, this charming property boasts a total of 2,108 square feet spread across two stories in a single building. Each unit offers three bedrooms and one bathroom, providing comfortable living spaces for tenants. Currently, one unit is leased at $1,000 per month through June 2025, representing a 50% occupancy rate. Both units benefit from convenient off-street parking and individual sheds for extra storage. The property is situated in Wayne County and offers a compelling return on investment. There is no basement or garage on the property. The asking price for this multifamily property is $139,900. This presents a rare chance to acquire a well-located, income-generating asset in a desirable Michigan market. The property is privately owned.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3776353
    Latitude
    42.2928654

    Comparable in this City

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      Westland Duplex Investment Opportunity

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      Westland Duplex Investment Opportunity

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      Westland Duplex: Investment Opportunity

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    • New
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      Westland Duplex: Investment Opportunity

      Two-unit duplex in Westland, MI, ideal for rental income.
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    • New
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      Westland Duplex: Investment Opportunity

      Duplex in Westland, MI, featuring two three-bedroom units.
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      Westland Multi-Unit Investment Opportunity

      Three-unit property with strong rental appeal in Westland, Michigan.
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      View Details

    Similar Nearby for Sale

    • New
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      Westland Duplex Investment Opportunity

      Duplex in Westland, MI, ideal for rental income.
      34204 Dayton Ct, Westland, MI 48186
      View Details
    • New
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      Westland Duplex Investment Opportunity

      Tenant-ready duplex with steady rental income potential in Westland, MI.
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      View Details
    • New
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      Westland Duplex: Investment Opportunity

      Duplex in Westland, MI, featuring two-bedroom units and rental potential.
      33012 Akron St, Westland, MI 48186
      View Details
    • New
      $204,900
      1,840 SF

      Westland Duplex: Investment Opportunity

      Two-unit duplex in Westland, MI, ideal for rental income.
      33121 Alberta St, Westland, MI 48186
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    • New
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      Westland Duplex: Investment Opportunity

      Duplex in Westland, MI, featuring two three-bedroom units.
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      View Details
    • New
      $339,900
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      Westland Multi-Unit Investment Opportunity

      Three-unit property with strong rental appeal in Westland, Michigan.
      2119 Emerson St, Westland, MI 48186
      View Details

    Similar Nearby for Lease

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      Retail Space in Westland, MI

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      Westland Retail Plaza Investment Opportunity

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      Westland Retail/Office Opportunity

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      Westland Office Building For Sale

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    2223 Delton Ct
    Westland, MI 48186
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    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
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