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    OFF-MARKET
    Day care centers

    37703 Joy Rd, Westland, MI 48185-1081

    4,699 SF 0.61 ac lot Built 1979
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0873685
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully operational, state-licensed daycare center in Westland, Michigan. The 4,576 square foot facility, situated on a 0.61-acre lot, boasts a capacity for 94 children. The asking price is $800,000, representing a compelling $174.83 per square foot. The property's strong financial performance is highlighted by a projected NOI of $396,200 and a pro-forma cap rate of 33%. The sale includes all furniture, fixtures, and equipment (FFE), eliminating the need for significant upfront capital expenditures. Recent upgrades include a new roof and siding (2019), ensuring the building's long-term viability. Safety features include a sprinkler system and surveillance cameras. Conveniently located near Livonia, Plymouth, and Canton, the daycare benefits from a favorable demographic profile with strong median and average household incomes within a one-mile radius. The property's Class C designation and single tenancy structure offer simplicity and ease of management. The Wayne County location, with APN 56-021-99-0001-006, provides further identification. This is a turnkey operation ideal for owner-users seeking a high-return investment in a thriving childcare market.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1979
    Total area 4,699 SF
    Lot 0.61 ac (26,572 SF)
    APN 56 021 99 0001 006
    UPID US43-0873685
    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
    Current use
    Occupant on record · Public records
    • Habitot Montessori and Childcare Center High School Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mahapatra LLC · 1 yrs held
    Mahapatra LLC
    since 2024
    4 recorded transactions
    2024
    2017
    $215,000
    2011
    $70,000
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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