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    Property profile & analytics

    3850 2nd St Wayne, MI 48184-1775

    • Office buildings
    • 26,770 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 28, 2020
    Location Intelligence
    Property ID
    US43-1825184
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 3850 2nd St

    Year built
    1966
    Lot size
    1.18 lot acres
    Property size
    26,770 SF
    Property type
    Office buildings
    APN
    55 018 02 0022 001
    APU
    55018020022001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3814
    Latitude
    42.2805
    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
    $36,896
    $0.00
    $0.00
    $560,700
    -
    $0.00
    $0.00
    $1,121,400

    Comparable in this City

    • Value Estimation by Request
      6,350 SF

      34646 Sims St

      OFFICE BUILDING • 6,350 SF
      34646 Sims St, Wayne, MI 48184-1389
      View Details
    • Value Estimation by Request
      1,584 SF

      33429 Michigan Ave

      OFFICE BUILDING • 1,584 SF
      33429 Michigan Ave, Wayne, MI 48184-1845
      View Details
    • Value Estimation by Request
      7,632 SF

      35100 Michigan Ave

      OFFICE BUILDING • 7,632 SF
      35100 Michigan Ave, Wayne, MI 48184-3698
      View Details
    • Value Estimation by Request
      1,792 SF

      34905 Michigan Ave

      OFFICE BUILDING • 1,792 SF
      34905 Michigan Ave, Wayne, MI 48184-1743
      View Details
    • Value Estimation by Request
      2,778 SF

      36040 Michigan Ave

      OFFICE BUILDING • 2,778 SF
      36040 Michigan Ave, Wayne, MI 48184-1671
      View Details
    • Value Estimation by Request
      1,867 SF

      3018 Wayne Rd

      OFFICE BUILDING • 1,867 SF
      3018 Wayne Rd, Wayne, MI 48184-1219
      View Details

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      Two-story, 1,792 SF building with development potential in downtown Wayne.
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    • New
      $250,000
      2,880 SF

      Wayne, MI Commercial Property

      Office building in Wayne, Michigan, totaling 2,880 square feet.
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    • $150,000

      Downtown Wayne Commercial/Office Building

      Commercial/office building in downtown Wayne, suitable for various businesses.
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    Similar Nearby for Lease

    • $399 /Mo

      Freestanding Office Building For Lease

      Office building with high visibility and ample parking available for lease.
      34841 Veterans Plz, Wayne, MI 48184
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    • $12 SF/Yr
      23,264 SF

      Prime Wayne County Office Space

      Executive Suites, High Visibility, I-275 Corridor
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    • $12 SF/Yr
      5,924 SF

      Downtown Wayne Office Space Available

      Well-maintained office complex with Michigan Avenue frontage in Downtown Wayne.
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    • $1,200 /Mo

      Downtown Wayne Office Space Available

      1200 sq ft office space for lease in Wayne.
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    • Contact for pricing
      8,294 SF

      Medical Office Space For Lease

      Medical office space for lease near Corewell Health Wayne Hospital.
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      Move-In Ready Office Space

      2,000 SF office space with ample parking and signage.
      48225 Michigan Ave, Canton, MI 48184
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    3850 2nd St
    Wayne, MI 48184-1775
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    Realmo Value Estimation

    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.

    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.

    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
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