Property profile & analytics
5715 Venoy Rd Westland, MI 48185-2830
- Medical Office Space
- 9,576 SF
- 2.51 lot acres
OFF-MARKET
Value Estimations
$1,235,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1467326
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
- Nephrology Hypertension Clinic PC / Medical Clinic
- DaVita Garden West Dialysis / Medical Clinic
- Dr. Chilakapati Kumar / Physician / Medical Clinic
- Dr. Fadi Abuhmaid / Physician
- JEFFREY MICHAEL GUTMAN / Physician / Medical Clinic
Property Details for 5715 Venoy Rd
- Year built
- 1996
- Lot size
- 2.51 lot acres
- Property size
- 9,576 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 56 038 01 0010 301
- APU
- 56038010010301
Description
This exceptional investment opportunity presents a single-story, 9,576 square foot Class B medical office building situated on a 2.51-acre lot in Westland, Michigan. The property, built in 1996 and renovated in 2001, is currently 100% occupied by DaVita, the nation's largest dialysis provider, under a long-term NNN lease with over 10 years remaining and options for renewal. The building features ample parking and is strategically located off Ford Road, near major thoroughfares, dealerships, and other retail amenities. The property boasts a 6.50% cap rate and a price per square foot of land value at $417.19. The Wayne County location, with its high demand for dialysis services, ensures consistent rental income and a stable investment. The zoning is CB-3. The APN is 56038010010301. This is a low-maintenance, high-return investment ideal for passive income seekers. The property's long-term tenant and the stability of the healthcare industry contribute to its strong investment potential. The asking price is $3,731,215.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,233,000
- AI Estimate
- $1,233,000
Market price range: $722k - $1.23MMarket price range: $722k - $1.23M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $930,000 Current use
- COMMERCIAL (GENERAL)
- $1,860,000 Change: +100% Conversion: Easy
- OFFICE BUILDING
- $1,275,000 Change: +37% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,050,000 Change: +13% Conversion: Difficult
- RETAIL STORES
- $1,030,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $760,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3658
- Latitude
- 42.3262
- 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
$33,222
$0.00
$0.00
$827,100
-
$0.00
$0.00
$1,654,200
