New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Medical Office Space
5715 Venoy Rd, Westland, MI 48185-2830
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1467326
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
9,576 SF
Lot
2.51 ac (109,336 SF)
APN
56 038 01 0010 301
UPID
US43-1467326
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.24M
Owner & transaction history
Heirloom Westland LLC
Heirloom Westland LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+99.9%
Office building
$1.3M
+36.8%
Auto repair, garage
$1.1M
+12.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,222
Tax year 2023
Assessed value
$827,100
Assessed 2024
Previous assessed
$798,000
+3.6% YoY
Effective rate
4.02%
On assessed value
Total market value
$1,654,200
Applied tax rate
82,160.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
9,576 SF
Lot
2.51 ac (109,336 SF)
APN
56 038 01 0010 301
UPID
US43-1467326
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Heirloom Westland LLC
Entity
Mailing address
5290 E EL ROBLE ST, LONG BEACH, CA 90815-3913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
$3,600,000
Heirloom Westland LLC
Gerald Bloeser Family Trust
Warranty Deed
$2,320,000 · Credit Union 1
Jul 20, 2016
$3,130,000
Bloeser,gerald Family Trust
Abg Holdings Westland LLC
Warranty Deed
$1,830,000 · United Bk/mi
Sep 23, 2008
—
Abg Holdings Westland LLC
Thavarajah Family LP
Corporation Deed
—
Apr 27, 2006
—
Thavarajah Family
Tk Investment
Quit Claim Deed
related
$885,933 · Fifth Third Bank
—
—
Abg Holdings Westland LLC
—
Deed Of Trust
related
$1,400,000 · Us Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5715 Venoy Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
