Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Merriman Rd Romulus, MI 48174

    Sponsored
    For Sale
    $344,000

    Vacant Land - Romulus, MI

    Lot size:
    7.91 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 4 at 9:06 am

    Property Features for Merriman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    80-009-99-0001-705
    Lot size
    7.91 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Yvonne Zielinski

    Epique Realty (512) 387-0722

    Listing agent Yvonne Zielinski (248) 218-2604 License #6501374158

    Listing date Feb 6, 2026

    MLS# 50172343 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Romulus Vacant Commercial Corner Lot

    This property consists of 7.91 acres of commercial-zoned land. The lot is located on a corner and experiences high traffic volume. Potential uses include a gas station, party store, or drug store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.348163
    Latitude
    42.265722

    Nearby Similar for Sale

    • $399,000
      2,604 SF

      Commercial Building in Romulus, MI

      Commercial building with showroom, office, and warehouse space for sale.
      36050 Goddard Rd, Romulus, MI 48174
      View Details
    • $2,990,000
      5,000 SF

      Romulus Golf Course and Restaurant

      117-acre Romulus property with golf course, clubhouse, and restaurant.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • $1,200,000
      3,838 SF

      Thriving Child Care Business Opportunity

      Turn-key child care business and real estate for sale.
      27975 Eureka Rd, Romulus, MI 48174
      View Details
    • $2,990,000
      117.74 Acres

      Romulus Land with Golf Course

      117-acre property with golf course, clubhouse, restaurant, and residential lots.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • $180,000
      1,300 SF

      Renovated Farmhouse in Central Romulus

      Fully renovated 3-bedroom home with modern upgrades and convenient location.
      11132 Delano St, Romulus, MI 48174
      View Details
    • $134,900
      Pending

      Remodeled Industrial Space Near Airport

      Remodeled industrial space in Romulus, near I-94 and Detroit Metro Airport.
      6921 Middlebelt Rd, Romulus, MI 48174
      View Details
    • $475,000

      High-Traffic Corner Retail Property

      Retail property with high visibility and easy freeway access.
      6397 Middlebelt Rd, Romulus, MI 48174
      View Details
    • $700,000

      Commercial Building on Goddard Road

      Commercial building suitable for various business operations with ample parking.
      36521 Goddard Rd, Romulus, MI 48174
      View Details
    • $499,995

      Commercial Building on Fenced Acre

      2,400 SF building on 1-acre lot, ideal for various uses.
      19357 Telegraph Rd, Romulus, MI 48174
      View Details
    • $600,000

      Romulus Medical/Dental Investment Opportunity

      2,900 SF modern building, long-term tenants, convenient location.
      37235 Goddard Rd, Romulus, MI 48174
      View Details
    • $65,000
      0.07 Acres

      Commercial Property in Romulus, MI

      Commercial property for sale in Romulus, Michigan.
      37135 Goddard St, Romulus, MI 48174
      View Details
    • $149,000

      Romulus Church with Paved Parking

      Church with seating, kitchen, parking, needs floor repair.
      11547 Grover St, Romulus, MI 48174
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large corner lot suitable for various commercial uses.
    Where is this commercial land located?
    The property is located at Merriman Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $344,000.
    What are key features of this property?
    This property features: - Commercial Zoning; - Large Corner Lot; - High Traffic Location
    (586) 738-5543
    Request Owner's contact information
    Merriman Rd Romulus, MI 48174
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Merriman Rd
    Romulus, MI 48174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Merriman Rd Romulus, MI 48174
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yvonne Zielinski
    Real Estate License ID: 6501374158
    (586) 738-5543 (248) 218-2604 (586) 799-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!