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    Property profile & analytics

    400 Wayne Rd Westland, MI 48185-3628

    • Medical offices
    • 4,471 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Last Sale
    Mar 21, 2022
    $530,000
    Location Intelligence
    Property ID
    US43-1481416
    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

    • Salam S. Brikho, MD / Medical Clinic
    • Colton Kenneth L DO / Family Practice Physician
    • Kenneth Colton, DO / Medical Clinic
    • Robert Brock, DO / Medical Clinic
    • Deborah Fleischmann / Nurse Practitioner

    Property Details for 400 Wayne Rd

    Year built
    1960
    Lot size
    0.84 lot acres
    Property size
    4,471 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    56 043 02 0243 300
    APU
    56043020243300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $490,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $500,000
      Mixed-Use
      $475,000
      Hospitality
      $450,000
      Educational
      $445,000
      Residential Income
      $500,000
      Energy
      $590,000
      Income-Based Land
      $530,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3881
    Latitude
    42.3121
    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
    $20,966
    $0.00
    $0.00
    $325,900
    -
    $0.00
    $0.00
    $651,800

    Comparable in this City

    • Value Estimation by Request
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      5980 Wayne Rd

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      5980 Wayne Rd, Westland, MI 48185-3170
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    • Value Estimation by Request
      6,345 SF

      35000 Frd Rd

      MEDICAL BUILDING • 6,345 SF
      35000 Frd Rd, Westland, MI 48185-3719
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    • Value Estimation by Request
      12,268 SF

      36301 Warren Rd

      MEDICAL BUILDING • 12,268 SF
      36301 Warren Rd, Westland, MI 48185-3739
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    • Value Estimation by Request
      9,576 SF

      5715 Venoy Rd

      MEDICAL BUILDING • 9,576 SF
      5715 Venoy Rd, Westland, MI 48185-2830
      View Details
    • Value Estimation by Request
      7,300 SF

      35105 Warren Rd

      MEDICAL BUILDING • 7,300 SF
      35105 Warren Rd, Westland, MI 48185-5571
      View Details
    • Value Estimation by Request
      12,894 SF

      6149 Wayne Rd

      MEDICAL BUILDING • 12,894 SF
      6149 Wayne Rd, Westland, MI 48185-7128
      View Details

    Similar Nearby for Sale

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      2,072 SF

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      1.67 Acres

      Westland Commercial Land - $400K

      1.67 Acres, High-Visibility Location
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    • $399,999
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      Westland Industrial Property - 5,400 SF

      Prime Westland industrial property, two buildings, half-acre lot.
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    Similar Nearby for Lease

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      Westland Retail/Office/Medical Space Available

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      Westland Medical Office Space For Lease

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    • $18 SF/Yr
      5,150 SF

      Medical Office in Renovated Building

      Move-in ready medical and pharmacy suites available for rent.
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    • $15 SF/Yr
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      Westland Medical/Office Space Available

      Medical/office space in Westland with private walk-in entry.
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    • Contact for pricing
      24,860 SF

      Westland Office Space For Lease

      Executive Suites, Ample Parking, 24,860 SF
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    400 Wayne Rd
    Westland, MI 48185-3628
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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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