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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Automotive properties
35224 Frd Rd, Westland, MI 48185
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0398359
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2004
Total area
18,548 SF
Lot
7.81 ac (340,204 SF)
APN
56 035 03 0001 303
UPID
US43-0398359
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.99M
Owner & transaction history
Wenzel Westland Holdings LLC · 10 yrs held
Wenzel Westland Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+133.6%
Apartment house (5+ units)
$4.2M
+108.0%
Commercial (general)
$3.6M
+77.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,035,000
Current use
RESTAURANT
$4,760,000
Change: +134% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,235,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,605,000
Change: +77% · Conversion: Moderate
OFFICE BUILDING
$2,470,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,990,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$1,805,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10%
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
$161 / 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
$141,266
Tax year 2023
Assessed value
$2,523,100
Assessed 2024
Previous assessed
$2,375,500
+6.2% YoY
Effective rate
5.60%
On assessed value
Total market value
$5,046,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Stories
1
Total area
18,548 SF
Lot
7.81 ac (340,204 SF)
APN
56 035 03 0001 303
UPID
US43-0398359
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
RESTAURANT
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Stories
1
Lot
7.81 ac
Current owner
From public records · entity-resolved
Wenzel Westland Holdings LLC
Entity
Mailing address
3333 DEPOSIT DR NE STE #300, GRAND RAPIDS, MI 49546-1469
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Wenzel Westland Holdings LLC
—
Deed
related
$6,252,125 · Gm Fin'l
Dec 4, 2015
—
Wenzel Westland Holdings LLC
Lmdm Holdings LLC
Warranty Deed
$7,717,500 · Dba Gm Financial
Aug 23, 2013
—
Fil-mar INC
Lmdm Holdings LLC
Quit Claim Deed
related
—
May 7, 2013
—
Lmdm Holdings LLC
—
Loan Modification
related
$4,908,308 · Ally Bank
Feb 8, 2005
—
Lmdm Holdings LLC
Hf Investors
Quit Claim Deed
related
—
—
—
Lmdm Holdings LLC
—
Deed Of Trust
related
$5,438,928 · Ally Bank Corp
—
—
Lmdm Holdings LLC
—
Deed Of Trust
related
$200,000 · General Motors Acceptance Corp
—
—
Wenzel Westland Holdings LLC
—
Deed Of Trust
related
$6,252,125 · Gm Fin'l
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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