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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Individual retail properties
34250 Frd Rd, Westland, MI 48185-3051
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1643928
Property summary
AI-generated overview
This exceptional retail property, located at 34250 Ford Road in Westland, Michigan, presents a unique investment opportunity. The 44,644 square foot, two-story shopping center sits on a sizable 3.36-acre lot at the northeast corner of Ford Road and Wildwood. Currently, a portion of the building is occupied by a health club, while the southern section, previously a racquetball court, offers 20,000 square feet of vacant space, ripe for redevelopment or lease. Built in 1982, the Class C property boasts 183 total parking spaces, ensuring ample customer convenience. The property's zoning, CB-2 - Shopping Center Commercial Business District, allows for a variety of commercial uses. The location on highly sought-after Ford Road offers excellent visibility and accessibility. This property presents a rare chance to acquire a large parcel in a prime Westland location, with potential for adaptive reuse of the existing structure. The Wayne County property (APN: 56-036-99-0003-001
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1976
Total area
31,944 SF
Lot
1.49 ac (64,904 SF)
APN
56 036 99 0003 001
UPID
US43-1643928
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
-
Coliseum Racquet Club Gym & Fitness Center
-
Shotokan Karate Federation of Michigan. Location 1 Gym & Fitness Center
-
Forum Fitness Center Gym & Fitness Center
-
Shotokan Karate Federation of Michigan Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Msr Ford West LLC · 2 yrs held
Msr Ford West LLC
since 2024
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Mar 13 2024)
Last sale anchor
$1.60M
Mar 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,697
Tax year 2023
Assessed value
$1,116,300
Assessed 2024
Previous assessed
$1,090,800
+2.3% YoY
Effective rate
5.08%
On assessed value
Total market value
$2,232,600
Applied tax rate
82,160.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
31,944 SF
Lot
1.49 ac (64,904 SF)
APN
56 036 99 0003 001
UPID
US43-1643928
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Msr Ford West LLC
Entity
Free & Clear · 2 yrs held
Mailing address
23815 NORTHWESTERN HWY #215, SOUTHFIELD, MI 48075-7738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
$1,600,000
Msr Ford West LLC
Dino C Tomei
Warranty Deed
—
Mar 13, 2024
—
Dario Tomei
Angelo Tomei
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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