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    Property profile & analytics

    31385 Joy Rd Westland, MI 48185-7075

    • Grocery and convenience stores
    • 3,270 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $2,170,000
    Last Sale
    Aug 05, 2022
    $2,034,286
    Location Intelligence
    Property ID
    US43-1854285
    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

    • 7-Eleven / Convenience Store

    Property Details for 31385 Joy Rd

    Year built
    1997
    Lot size
    0.77 lot acres
    Property size
    3,270 SF
    Property type
    Grocery and convenience stores
    APN
    56 006 99 0006 705
    APU
    56006990006705

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,240,000
      6.5%
      $2,180,000
      7%
      $1,995,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,915,000
      Geo Method
      $2,275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,015,000
      Retail
      $1,960,000
      Mixed-Use
      $2,095,000
      Hospitality
      $2,200,000
      Educational
      $2,205,000
      Residential Income
      $1,980,000
      Energy
      $2,195,000
      Income-Based Land
      $2,570,000
      Food Service
      $2,530,000

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3512
    Latitude
    42.3538
    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
    $19,291
    $0.00
    $0.00
    $317,300
    -
    $0.00
    $0.00
    $634,600

    Comparable in this City

    • Value Estimation by Request
      3,162 SF

      8791 Wayne Rd

      CONVENIENCE STORE • 3,162 SF
      8791 Wayne Rd, Westland, MI 48185-1356
      View Details
    • Value Estimation by Request
      2,310 SF

      6690 Newburgh Rd

      CONVENIENCE STORE • 2,310 SF
      6690 Newburgh Rd, Westland, MI 48185-1942
      View Details
    • Value Estimation by Request
      2,042 SF

      31425 Ann Arbor Trl

      CONVENIENCE STORE • 2,042 SF
      31425 Ann Arbor Trl, Westland, MI 48185-1664
      View Details
    • Value Estimation
      $225,000
      861 SF

      8008 Middlebelt Rd

      CONVENIENCE STORE • 861 SF
      8008 Middlebelt Rd, Westland, MI 48185-1808
      View Details
    • Value Estimation
      $410,000
      1,490 SF

      29424 Ann Arbor Trl

      CONVENIENCE STORE • 1,490 SF
      29424 Ann Arbor Trl, Westland, MI 48185-2541
      View Details
    • Value Estimation by Request
      7,945 SF

      7977 Wayne Rd

      CONVENIENCE STORE • 7,945 SF
      7977 Wayne Rd, Westland, MI 48185-1109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,887 SF

      Westland C-Store and Fuel Station

      Existing C-Store and Fuel Station in Westland, Michigan.
      37400 Ford Rd, Westland, MI 48185
      View Details
    • $49,800

      Westland Retail Business Opportunity

      Bulk food and smoothie shop for sale in Westland.
      35705 Warren Rd, Westland, MI 48185
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    • $425,000

      Prime Retail Space For Sale

      Unique retail property in high-density area, ideal for various businesses.
      844 N Wayne Rd, Westland, MI 48185
      View Details
    • $799,000
      3,580 SF

      Free Standing Commercial Building

      4,000 sqft commercial building on a large corner lot.
      27618 Warren Rd, Westland, MI 48185
      View Details
    • $650,000
      4,672 SF

      Established Retail Store for Sale

      Retail store with nearly 40 years of operation.
      27429 Joy Rd, Westland, MI 48185
      View Details
    • $495,000
      2,839 SF

      Westland Restaurant - Turnkey Opportunity

      Fully equipped, renovated drive-thru restaurant.
      6308 Wayne Rd, Westland, MI 48185
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,972 SF

      Westland Retail Space For Rent

      Retail space for lease near major interstates and universities.
      7525 N Wayne Rd, Westland, MI 48185
      View Details
    • $1,300 /Mo

      Retail Space in Busy Center

      Retail space for lease in high-traffic Westland location.
      8335 N Wayne Rd, Westland, MI 48185
      View Details
    • $1,250 /Mo

      Retail Space on Wayne Road

      Retail spaces available in prime Westland location.
      1924 N Wayne Rd, Westland, MI 48185
      View Details
    • $2,333 /Mo

      Retail Space Near Westlands District

      2000 SF retail space in high-traffic Westland location.
      8027 N Wayne Rd, Westland, MI 48185
      View Details
    • $16 SF/Yr
      12,309 SF

      Retail Space in Canton Corners

      Retail space available in a busy Canton location.
      42405 Ford Rd, Canton, MI 48185
      View Details
    • $2,075 /Mo

      Retail Space in Busy Center

      2,000 SF unit with attractive lease terms and parking.
      6503 N Wayne Rd, Westland, MI 48185
      View Details

    Property Visit Statistics

    • Visits by month
      16.1k
    • Visitors by month
      9.9k
    • Avg Time on site
      8 min
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    31385 Joy Rd
    Westland, MI 48185-7075
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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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