Property profile

5815 Executive Dr East Westland, MI 48185

FOR LEASE
Manufacturing properties
Property ID
US43-1144135
31,627 SF 2.54 ac lot Built 1983
Entity Owned Absentee Owner ~ Est. High Equity
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5815 Executive Dr East, Westland, MI 48185 For Lease
$8.50 SF/Yr 14,472 SF available
5815 Executive Dr East, Westland, MI 48185
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 31,627-square-foot multi-tenant industrial flex building situated on a 2.61-acre lot at 5815 Executive Dr E, Westland, MI 48185. Currently 100% occupied by two tier-one automotive supplier tenants, this stabilized investment boasts a strong NOI of $259,926, yielding an 8.00% cap rate and an asking price of $3,250,000 ($102.76/sq ft, $1,625,000/unit). The property benefits from a weighted average lease term (WALT) of approximately 5 years, providing long-term stability. Each tenant has built-in annual rent escalations averaging 3.25% annually, ensuring consistent income growth. The leases are NNN, minimizing landlord responsibilities and maximizing passive income potential. The building enjoys a prime location approximately 0.5 miles from Interstate 275, a major thoroughfare with high daily traffic volume. This location is within a robust industrial corridor, close to Canton, Plymouth, and Livonia. This is a rare opportunity to acquire a high-performing, multi-tenant industrial property with significant upside potential in a desirable Michigan market.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1983
Total area 31,627 SF
Lot 2.54 ac (110,642 SF)
APN 56 028 04 0040 301
UPID US43-1144135

Cap rate & NOI

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

Location

5815 Executive Dr East Westland, MI 48185
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
$1.68M
Blend (final) Blend
$595k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$3.1M
2022
Price N/A
2022
$185,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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