Property profile

28032 Warren Rd Westland, MI 48185

OFF-MARKET
Office buildings
Property ID
US43-1639590
2,040 SF 0.16 ac lot Built 1959
Trust Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,000-square-foot freestanding retail/office space, located at 28032 Warren Road in Wayne County, presents a unique investment opportunity. The property is currently available for lease, with occupancy commencing January 1, 2025. This single-tenant building boasts a convenient and highly visible location, making it ideal for a variety of businesses. The space features a modern design and is fully ADA compliant, ensuring accessibility for all patrons and employees. Ten convenient parking spaces are available on-site for customers and staff. Inside, the property includes a functional kitchenette, adding to its versatility and appeal. The lease is structured as a modified gross lease, with a competitive rate of $12.00 per square foot. This attractive rental rate, combined with the property's prime location and desirable features, makes this an exceptional opportunity for businesses seeking a well-maintained and functional space. The building's freestanding nature offers excellent visibility and independent access, enhancing its overall appeal and potential for success. Don't miss this chance to secure a prime retail/office space in a thriving location. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Total area 2,040 SF
Lot 0.16 ac (6,970 SF)
APN 56 004 01 0009 000
UPID US43-1639590

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency
  • Hotel & Motel Resort

Location

28032 Warren Rd Westland, MI 48185-2654
Westland metro Census 567100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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