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    Property profile & analytics

    4811 Venoy Rd Wayne, MI 48184

    • Medical offices
    • 8,347 SF
    • 1.38 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Last Sale
    May 04, 2022
    $700,000
    Location Intelligence
    Property ID
    US43-0065764
    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

    • Medical offices

    Property Details for 4811 Venoy Rd

    Year built
    1972
    Lot size
    1.38 lot acres
    Property size
    8,347 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    55 023 99 0013 000
    APU
    55023990013000

    Description

    This exceptional 8,294 square foot medical office building presents a unique owner-user opportunity in Wayne, Michigan. Located directly across from Corewell Hospital, this strategically positioned property offers unparalleled access to a substantial patient base. The building, constructed in 1975 and extensively renovated in 2024, boasts a single story, encompassing a total of 8,294 net rentable square feet. The property is classified as Class B and is zoned OS, allowing for a variety of medical and related uses. The building's recent renovation ensures modern, efficient spaces ready for immediate occupancy, with an anticipated occupancy date of November 19, 2024. This is an ideal investment for medical professionals seeking a high-visibility location with convenient access to a major hospital. The asking price for this turnkey operation is $1,300,000. The property's prime location, coupled with its recent renovation and proximity to Corewell Hospital, makes it an exceptional investment opportunity for owner-users seeking a thriving medical practice environment. This single-building property offers a rare chance to acquire a well-maintained, updated medical office space in a high-demand area. Broker co-op is available.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $725,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $720,000
      Geo Method
      $650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $540,000
      Mixed-Use
      $565,000
      Hospitality
      $595,000
      Educational
      $620,000
      Residential Income
      $605,000
      Energy
      $680,000
      Income-Based Land
      $530,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3622
    Latitude
    42.2726
    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
    $23,306
    $0.00
    $0.00
    $307,700
    -
    $0.00
    $0.00
    $615,400

    Comparable in this City

    • Value Estimation by Request
      3,064 SF

      5189 Venoy Rd

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      5189 Venoy Rd, Wayne, MI 48184-2545
      View Details
    • Value Estimation by Request
      2,915 SF

      4491 Venoy Rd

      MEDICAL BUILDING • 2,915 SF
      4491 Venoy Rd, Wayne, MI 48184-2530
      View Details
    • Value Estimation by Request
      25,675 SF

      4020 Venoy Rd

      MEDICAL BUILDING • 25,675 SF
      4020 Venoy Rd, Wayne, MI 48184-1869
      View Details
    • Value Estimation by Request
      5,186 SF

      3106 Wayne Rd

      MEDICAL BUILDING • 5,186 SF
      3106 Wayne Rd, Wayne, MI 48184-1221
      View Details
    • Value Estimation by Request
      2,653 SF

      2901 Newburgh Rd

      MEDICAL BUILDING • 2,653 SF
      2901 Newburgh Rd, Wayne, MI 48184-1001
      View Details
    • Value Estimation by Request
      2,314 SF

      32320 Michigan Ave

      MEDICAL BUILDING • 2,314 SF
      32320 Michigan Ave, Wayne, MI 48184-1423
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      8,294 SF

      Medical Office Space For Lease

      Medical office space for lease near Corewell Health Wayne Hospital.
      4811 Venoy Rd, Wayne, MI 48184
      View Details
    • $1,200 /Mo

      Downtown Wayne Office Space Available

      1200 sq ft office space for lease in Wayne.
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      View Details
    • $2,500 /Mo
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      Prime Wayne County Office Space

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    • $12 SF/Yr
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      Downtown Wayne Office Space Available

      Well-maintained office complex with Michigan Avenue frontage in Downtown Wayne.
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    • $399 /Mo

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      Office building with high visibility and ample parking available for lease.
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    4811 Venoy Rd
    Wayne, MI 48184
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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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