Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37400 Ford Rd Westland, MI 48185
    Property profile & analytics

    37400 Ford Rd Westland, MI 48185

    View on Map
    • Grocery and convenience stores
    • 2,579 SF
    • 0.42 lot acres
    For Sale
    $960,000
    View Listing →
    Westland C-Store and Fuel Station For Sale
    $960,000
    3,887 SF

    Westland C-Store and Fuel Station

    Existing C-Store and Fuel Station in Westland, Michigan.

    37400 Ford Rd, Westland, MI
    View Listing
    Property ID
    US43-4698604
    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

    • Benzina's Bistro Pizza / Restaurant
    • burger one of westland / Restaurant
    • Shell / Gas Station
    • ATM / Atm

    Property Details for 37400 Ford Rd

    Year built
    2012
    Lot size
    0.42 lot acres
    Property size
    2,579 SF
    Property type
    Grocery and convenience stores
    APN
    56 028 01 0001 008
    APU
    56028010001008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $962,000
      Market price range: $318k - $962k
      AI Estimate
      $962,000
      Market price range: $318k - $962k

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

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4091
    Latitude
    42.3244
    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
    $19,880
    $0.00
    $0.00
    $356,000
    -
    $0.00
    $0.00
    $712,000

    Comparable in this City

    • Value Estimation
      $725,000
      3,162 SF

      8791 Wayne Rd

      CONVENIENCE STORE • 3,162 SF
      8791 Wayne Rd, Westland, MI 48185-1356
      View Details
    • Value Estimation
      $860,000
      2,310 SF

      6690 Newburgh Rd

      CONVENIENCE STORE • 2,310 SF
      6690 Newburgh Rd, Westland, MI 48185-1942
      View Details
    • Value Estimation
      $760,000
      2,042 SF

      31425 Ann Arbor Trl

      CONVENIENCE STORE • 2,042 SF
      31425 Ann Arbor Trl, Westland, MI 48185-1664
      View Details
    • Value Estimation by Request
      861 SF

      8008 Middlebelt Rd

      CONVENIENCE STORE • 861 SF
      8008 Middlebelt Rd, Westland, MI 48185-1808
      View Details
    • Value Estimation by Request
      1,490 SF

      29424 Ann Arbor Trl

      CONVENIENCE STORE • 1,490 SF
      29424 Ann Arbor Trl, Westland, MI 48185-2541
      View Details
    • Value Estimation
      $865,000
      7,002 SF

      29501 Ann Arbor Trl

      CONVENIENCE STORE • 7,002 SF
      29501 Ann Arbor Trl, Westland, MI 48185-2500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,887 SF

      Westland C-Store and Fuel Station

      Existing C-Store and Fuel Station in Westland, Michigan.
      37400 Ford Rd, Westland, MI 48185
      View Details
    • Contact for pricing

      Westland Retail Hub For Sale

      Retail hub in Westland with high traffic and visibility.
      6005-6095 N Wayne Rd, Westland, MI 48185
      View Details
    • $695,000
      5,487 SF

      Retail/Office Location on 1.29 Acres

      Retail or office location with 43 parking spaces.
      7957 N Wayne Rd, Westland, MI 48185
      View Details
    • $1,800,000

      7345 N Middlebelt Rd, Westland, MI 48185

      Car washes
      7345 N Middlebelt Rd, Westland, MI 48185
      View Details
    • $599,999
      1,610 SF

      Turnkey Eatery in Wayne County

      Profitable, established Beyond Juicery + Eatery franchise in Westland, MI.
      9999 Middlebelt Rd, Westland, MI 48185
      View Details
    • Contact for pricing
      10,080 SF

      Multi-Service Car, Truck & RV Wash

      High-potential commercial property with diverse income streams.
      28735 Joy Rd, Westland, MI 48185
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      5,088 SF

      Retail Space on Warren Road

      Retail space for lease on busy Warren Rd, Westland, MI.
      28900 Warren Rd Rd, Westland, MI 48185
      View Details
    • $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
      1,627 SF

      Retail Space in Canton Corners

      Retail space available in a busy Canton location.
      42405 Ford Rd, Canton, MI 48185
      View Details
    • Contact for pricing
      25,099 SF

      Retail Space in Westland

      Retail space with national retailers and high foot traffic.
      35675-35585 Warren Rd, Westland, MI 48185
      View Details
    • Contact for pricing

      Retail Space in Canton Landings

      Retail space available in a busy Canton shopping center.
      44908-44954 Ford Rd, Canton, MI 48185
      View Details

    Property Visit Statistics

    • Visits by month
      17.5k
    • Visitors by month
      12.0k
    • Avg Time on site
      11 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37400 Ford Rd
    Westland, MI 48185
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    37400 Ford Rd, Westland, MI, 48185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!