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    Property profile & analytics

    315 Wayne Rd Westland, MI 48186-4301

    • Medical offices
    • 1,963 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $175,000
    Last Sale
    Feb 23, 2024
    $160,000
    Location Intelligence
    Property ID
    US43-1067765
    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

    • Dr. Mahir Matti, MD / Internist
    • Faith Primary Care Medical Clinic / Medical Clinic / Doctor
    • Dr. Manal Salem / Internist / Practitioner Service Location
    • Manal Hikmat Salem / Internist

    Property Details for 315 Wayne Rd

    Year built
    1969
    Lot size
    0.73 lot acres
    Property size
    1,963 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    56 062 01 0169 006
    APU
    56062010169006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $200,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $225,000
      Mixed-Use
      $180,000
      Hospitality
      $185,000
      Educational
      $215,000
      Residential Income
      $230,000
      Energy
      $165,000
      Income-Based Land
      $215,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3878
    Latitude
    42.3077
    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
    $12,941
    $0.00
    $0.00
    $191,900
    -
    $0.00
    $0.00
    $383,800

    Comparable in this City

    • Value Estimation by Request
      2,228 SF

      33608 Palmer Rd

      MEDICAL BUILDING • 2,228 SF
      33608 Palmer Rd, Westland, MI 48186-4673
      View Details
    • Value Estimation by Request
      1,551 SF

      34725 Palmer Rd

      MEDICAL BUILDING • 1,551 SF
      34725 Palmer Rd, Westland, MI 48186-4460
      View Details
    • Value Estimation
      $105,000
      6,585 SF

      33116 Palmer Rd

      MEDICAL BUILDING • 6,585 SF
      33116 Palmer Rd, Westland, MI 48186-5524
      View Details
    • Value Estimation by Request
      6,978 SF

      1203 Wayne Rd

      MEDICAL CLINIC • 6,978 SF
      1203 Wayne Rd, Westland, MI 48186-4362
      View Details
    • Value Estimation by Request
      1,560 SF

      34210 Glenwood Rd

      MEDICAL BUILDING • 1,560 SF
      34210 Glenwood Rd, Westland, MI 48186-5439
      View Details
    • Value Estimation
      $535,000
      3,505 SF

      38979 Cherry Hl Rd

      MEDICAL BUILDING • 3,505 SF
      38979 Cherry Hl Rd, Westland, MI 48186-3200
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $12 SF/Yr
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    • $2,000 /Mo

      Westland Commercial Space For Lease

      Commercial space suitable for medical, dental, or general office use.
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    • $8 SF/Yr
      4,937 SF

      Retail Space in Westland, MI

      Retail space available in Westland, MI with 30,371 SF.
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    • Contact for pricing
      15,000 SF

      Westland Retail Plaza Investment Opportunity

      High-traffic retail space available in Westland, MI.
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      View Details
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    315 Wayne Rd
    Westland, MI 48186-4301
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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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