5815 Executive Dr East Westland, MI 48185
Property profile & analytics
5815 Executive Dr East Westland, MI 48185
- Manufacturing properties
- 31,627 SF
- 2.54 lot acres
Property ID
US43-1144135
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.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 5815 Executive Dr East
- Year built
- 1983
- Lot size
- 2.54 lot acres
- Property size
- 31,627 SF
- Property type
- Manufacturing properties
- APN
- 56 028 04 0040 301
- APU
- 56028040040301
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,679,000
- AI Estimate
- $1,679,000
Market price range: $1.41M - $2.90MMarket price range: $1.41M - $2.90M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,150,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.416
- Latitude
- 42.3259
- 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
$38,846
$0.00
$0.00
$613,500
-
$0.00
$0.00
$1,227,000
