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    37235 Goddard St Romulus, MI 48174

    For Sale
    $622,515

    Prime Dental/Medical Space - High ROI

    Property size:
    2,912 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 2,912 square foot industrial property located at 37235 GODDARD, Romulus, MI, on a 0.55-acre lot. The building, constructed in 2000, is in excellent condition and boasts modern features and current technology. Currently occupied by a well-established dental group with multiple US locations, this property offers significant long-term stability. The tenants are in the second year of a second, five-year lease term, with a third renewal option available, ensuring consistent rental income. The strategic location in Romulus, MI provides easy access to major transportation routes, including I-94 and I-275, enhancing its appeal and accessibility. This property is ideally suited for investors seeking a stable, high-return investment in a prime location. The building's modern design and excellent condition minimize potential maintenance costs, further enhancing its investment potential. The existing tenant's long-term commitment and the availability of a third renewal option provide significant security and predictability for future cash flow. This is a rare opportunity to acquire a high-quality, income-producing property in a desirable location. The asking price for this exceptional investment is $622,515.

    Property Features for 37235 Goddard St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,912 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.40338
    Latitude
    42.21735

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    FAQs

    What type of property is this?
    Industrial property - Prime Dental/Medical Space - High ROI
    Where is this industrial property located?
    The property is located at 37235 Goddard St Romulus, MI.
    What is the asking price?
    The asking price for this property is $622,515.
    (248) 474-6464
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    37235 Goddard St Romulus, MI 48174
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    Realmo Value Estimation

    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.

    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.

    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
    37235 Goddard St Romulus, MI 48174
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