Property profile

5800 Commerce Dr Westland, MI 48185

OFF-MARKET
Warehouses
Property ID
US43-0095309
21,934 SF 1.96 ac lot Built 2000
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction BRICK
Total area 21,934 SF
Lot 1.96 ac (85,378 SF)
APN 56 027 04 0008 000
UPID US43-0095309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Moving Company
  • Shipping Company Freight Service
  • Building Supply Big Box & Wholesale Store

Location

5800 Commerce Dr Westland, MI 48185-9116
Westland metro Census 565100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.78M

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.7M
2006
$1.1M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.4M +169.0%
Retail stores $2.4M +163.1%
Medical building $2.1M +138.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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