Property profile

647 Manufacturers Dr Westland, MI 48186

OFF-MARKET
Manufacturing properties
Property ID
US43-1581686
8,505 SF 1.38 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 8,505 SF
Lot 1.38 ac (60,113 SF)
APN 56 058 03 0010 000
UPID US43-1581686

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
  • Landscaping

Location

647 Manufacturers Dr Westland, MI 48186-4036
Westland metro Census 568200 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
$500k
Blend (final) Blend
$310k

Owner & transaction history

since 2017
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2017
$265,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $825,000 +43.0%

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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