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    35150 Nankin Blvd Westland, MI 48185
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    Property profile & analytics

    35150 Nankin Blvd Westland, MI 48185

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    • Medical Office Space
    • 43,319 SF
    • 5.94 lot acres
    For Sale
    $3,680,000
    View Listing →
    Westland Office/Medical Space for Sale For Sale
    $3,680,000
    1,475 SF

    Westland Office/Medical Space for Sale

    42,111 SF office/medical space in Westland commercial district.

    35150 Nankin Blvd, Westland, MI
    View Listing
    Property ID
    US43-0019586
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ference & Ference / Law Firm
    • American National Insurance Company - District Office / Insurance Agency
    • Sub Doc / Medical Clinic
    • Gregory Monroe / Pediatrician / Physician
    • Village Medical / Medical Clinic

    Property Details for 35150 Nankin Blvd

    Year built
    1988
    Lot size
    5.94 lot acres
    Property size
    43,319 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    56 015 99 0001 001
    APU
    56015990001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,679,000
      Market price range: $3.27M - $5.58M
      AI Estimate
      $3,679,000
      Market price range: $3.27M - $5.58M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,215,000
      Current use
      OFFICE BUILDING
      $5,765,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,755,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $4,650,000
      Change: +10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,445,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3886
    Latitude
    42.3457
    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
    $106,663
    $0.00
    $0.00
    $2,096,800
    -
    $0.00
    $0.00
    $4,193,600

    Comparable in this City

    • Value Estimation
      $1,235,000
      9,576 SF

      5715 Venoy Rd

      MEDICAL BUILDING • 9,576 SF
      5715 Venoy Rd, Westland, MI 48185-2830
      View Details
    • Value Estimation
      $675,000
      7,300 SF

      35105 Warren Rd

      MEDICAL BUILDING • 7,300 SF
      35105 Warren Rd, Westland, MI 48185-5571
      View Details
    • Value Estimation
      $1,230,000
      12,894 SF

      6149 Wayne Rd

      MEDICAL BUILDING • 12,894 SF
      6149 Wayne Rd, Westland, MI 48185-7128
      View Details
    • Value Estimation
      $750,000
      8,955 SF

      37660 Frd Rd

      DENTAL BUILDING • 8,955 SF
      37660 Frd Rd, Westland, MI 48185-1924
      View Details
    • Value Estimation by Request
      2,289 SF

      33611 Warren Rd

      MEDICAL BUILDING • 2,289 SF
      33611 Warren Rd, Westland, MI 48185-2787
      View Details
    • Value Estimation by Request
      3,152 SF

      7720 Middlebelt Rd

      DENTAL BUILDING • 3,152 SF
      7720 Middlebelt Rd, Westland, MI 48185-2563
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,475 SF

      Westland Office/Medical Space for Sale

      42,111 SF office/medical space in Westland commercial district.
      35150 Nankin Blvd, Westland, MI 48185
      View Details
    • Contact for pricing
      2,072 SF

      Medical Building Near Westland Bowl

      2,072 SF medical building with two suites for sale.
      5978-5990 N Wayne Rd, Westland, MI 48185
      View Details
    • Contact for pricing
      2,072 SF

      Medical Building on Wayne Road

      2,072 SF medical building with two suites for sale.
      5978 N Wayne Rd, Westland, MI 48185
      View Details
    • Contact for pricing

      Mental Healthcare Facility For Sale

      Mental healthcare facility with a new 15-year lease.
      34290 Ford Rd, Westland, MI 48185
      View Details
    • Contact for pricing
      6,400 SF

      Industrial Building Near I-275

      6,400 SF industrial building with office space for sale.
      38115 Abruzzi Dr, Westland, MI 48185
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo
      1,500 SF

      Westland Retail/Office/Medical Space Available

      1500 sq ft retail/office/medical space for lease in Westland.
      36403 Warren Rd, Westland, MI 48185
      View Details
    • Contact for pricing

      Westland Medical/Office Space Available

      Medical/office space with private walk-in entry in Westland, Michigan.
      35150-35360 Nankin Blvd, Westland, MI 48185
      View Details
    • $4,950 /Mo

      Versatile Commercial Space For Lease

      2850 sq ft commercial space suitable for medical or restaurant.
      8275 N Wayne Rd, Westland, MI 48185
      View Details
    View Listing
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    Westland, MI 48185
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    35150 Nankin Blvd, Westland, MI, 48185
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