Romulus Warehouse For
For Sale
Contact for pricing
35445 Genron Ct, Romulus, MI 48174
21,341 sqft warehouse available for purchase in Romulus.
Property Size21,341 SF
Price / SF$70.29
Days on Market969
Property Features for 35445 Genron Ct
General Information
Standard status
Active
Size
21,341 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1978
Stories
1
Listing Agency:
Friedman Real Estate
Listed By:
Rick Kaplan · License #MI
(248) 848-4106
Source:
Crexi
Added: Feb 20, 2024
Changed: Oct 1
Last Checked: Oct 14 at 10:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 21,341 square foot warehouse property available for sale. The property is located in Romulus, Michigan.
Key Highlights
- Established neighborhood (built in 1978)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,159
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,683,180
$2.7M
Cap Rate 7%
$1,916,557
$1.9M
Cap Rate 9%
$1,490,656
$1.5M
Market Conditions
NOI Build-Up for 21,341 SF
Gross rent
$163.9K $7.68/SF
− Vacancy
−$6.1K −$0.28/SF
EGI
$157.8K $7.40/SF
− OpEx
−$23.7K −$1.11/SF
NOI
$134.2K $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,683,180
Cap Rate 7%
$1,916,557
Cap Rate 9%
$1,490,656
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,159 @ 7.0% cap · market cap 8.94%
Second Best
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,484 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,579 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- KLS Romulus — 15520 Wayne Rd, Romulus, MI 48174
Frequently Asked Questions
What type of property is this?
Warehouse - 21,341 sqft warehouse available for purchase in Romulus.
Where is this warehouse located?
The property is located at 35445 Genron Ct Romulus, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Established neighborhood (built in 1978)
