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Property profile & analytics
FOR SALE
Office buildings
35540 W Michigan Ave, Wayne, MI 48184
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4181889
For Sale
1 / 35
$675,000
35540 W Michigan Ave, Wayne, MI 48184
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Total area
10,863 SF
Lot
0.27 ac (11,761 SF)
APN
55 006 09 0014 000
UPID
US43-4181889
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
$808k
Blend (final)
Blend
$810k
Owner & transaction history
Beckman Ventures LLC · 7 yrs held
Beckman Ventures LLC
since 2019
7 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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$1,195,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$75 / 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
$18,667
Tax year 2023
Assessed value
$226,400
Assessed 2024
Previous assessed
$220,400
+2.7% YoY
Effective rate
8.25%
On assessed value
Total market value
$452,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1952
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
10,863 SF
Lot
0.27 ac (11,761 SF)
APN
55 006 09 0014 000
UPID
US43-4181889
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
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1952
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Beckman Ventures LLC
Entity
Mailing address
35540 W MICHIGAN AVE, WAYNE, MI 48184-1626
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
Mouneer Owen
—
Deed
related
$90,200 · Next Bridge Funding LLC
Apr 5, 2019
$380,000
Beckman Ventures LLC
Belleville Prop Mgmt LLC
Warranty Deed
—
May 7, 2013
$105,000
Belleville Property Mgmt LLC
Commerce First Finl I LLC
Warranty Deed
—
Feb 8, 2011
—
Looney Family Trust
Looney,leo O
Quit Claim Deed
related
—
Jan 13, 2011
—
Looney Family Trust
Looney,evelyn E
Quit Claim Deed
related
—
Jun 16, 2009
$200,000
Commerce First Financial I LLC
Sheriff Of Wayne County
Trustees Deed
related
—
Mar 29, 2006
$324,655
Associated Newspapers INC
Willett,david J & Susan C
Warranty Deed
$550,000 · Main Street Bank
—
—
Associated Newspapers Of Michigan
—
Deed Of Trust
related
$50,000 · Main Street Bank
—
—
Associated Newspapers Of Michigan
—
Deed Of Trust
related
$50,000 · Main Street Bank
—
—
Belleville Property Mgmt LLC
—
Deed Of Trust
related
$350,000 · Charter One
—
—
Belleville Property Mgmt LLC
—
Deed Of Trust
related
$300,000 · Charter One
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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