37703 Joy Rd Westland, MI 48185-1081
Property Lookup
Property profile & analytics
37703 Joy Rd Westland, MI 48185-1081
- Day care centers
- 4,699 SF
- 0.61 lot acres
Property ID
US43-0873685
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.
Location Intelligence
Current Use by Public Records
- Habitot Montessori and Childcare Center / High School / Daycare Center
Property Details for 37703 Joy Rd
- Year built
- 1979
- Lot size
- 0.61 lot acres
- Property size
- 4,699 SF
- Property type
- Day care centers
- APN
- 56 021 99 0001 006
- APU
- 56021990001006
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4134
- Latitude
- 42.3524
- 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
$14,343
$0.00
$0.00
$218,600
-
$0.00
$0.00
$437,200
