37703 Joy Rd, Westland, MI 48185-1081
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.
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Habitot Montessori and Childcare Center High School Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.