Financial
Distress signals
Property profile

35150 Central City Pkwy Westland, MI 48185

FOR SALE
Outlet malls
Property ID
US43-0063773
22,610 SF 2.03 ac lot Built 1992
Last sale Feb 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, formerly an Office Max, presents a unique leasing opportunity in Westland, Michigan. Located at 35150 Central City Parkway, 48185, this 24,860 square foot office building offers a versatile space ideal for a variety of businesses. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the layout to their specific needs. The property is classified as an executive office space, suggesting a high-quality finish and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value · 2024$807k
Effective rate6.16%

Value estimate

· Sep 2026
$590k
$531k – $649k
Sales comparison$2.14M
NOI build-up
Gross scheduled income$358k
Vacancy & credit loss−$21k
Operating expenses−$101k
NOI · 9.42% cap applied$236k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$107/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$43 – $159

Cap rate analysis

How does the asset earn?
9.42%
$236k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency52.4
Law Firm42.5
Auto Repair Shop36.8

Location

35150 Central City Pkwy Westland, MI 48185
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
35160 Central City, Westland, MI 48185-6215 $5,271,000 Jul 2024 19,908 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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