Multi-Unit Warehouse
For Sale
$1,200,000
36148 Ecorse Rd, Romulus, MI 48174
1979-built warehouse offers two units with 100% occupancy, including truckwells and grade-level doors on each side.
Property Size10,800 SF
Price / SF$111.11
Days on Market313
Property Features for 36148 Ecorse Rd
General Information
Standard status
Active
Size
10,800 SF
Total Parking Spaces
20
Property subtype
Industrial
Zoning
M-1
Occupancy
100%
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
2
Building Details
Building Size
10,800 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
Colliers
Listed By:
Simon Jonna
(249) 540-1000
Source:
Cpix.resimplifi
Added: Oct 28, 2025
Changed: Aug 14
Last Checked: Sep 5 at 3:38AM
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 Colliers
Investment Insights
Based on property information with market context.
This 10,800-square-foot warehouse property was built in 1979 and is configured as two units with 100% occupancy. The building includes two truckwells and one grade-level door per side, supported by available surface parking.
The property is located in Romulus, Michigan on Ecorse Road and sits within an M1-LIG zoning designation. The public remarks cite proximity to an Amazon fulfillment center and DTW International Airport, along with nearby businesses including GM Powertrain and Lasership/OnTrac shipping operations.
For industrial users and investors focused on logistics support, the layout provides dock-access features through truckwells and grade-level doors, with parking available on-site.
The property is located in Romulus, Michigan on Ecorse Road and sits within an M1-LIG zoning designation. The public remarks cite proximity to an Amazon fulfillment center and DTW International Airport, along with nearby businesses including GM Powertrain and Lasership/OnTrac shipping operations.
For industrial users and investors focused on logistics support, the layout provides dock-access features through truckwells and grade-level doors, with parking available on-site.
Key Highlights
- 10,800 SF industrial building built in 1979 with two units
- 100% occupancy with two units currently leased
- Includes 2 truckwells and 1 grade‑level door per side
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,357,880
$1.4M
Cap Rate 7%
$969,914
$969.9K
Cap Rate 9%
$754,378
$754.4K
Market Conditions
NOI Build-Up for 10,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.9K $7.68/SF
− Vacancy
−$3.1K −$0.28/SF
EGI
$79.9K $7.40/SF
− OpEx
−$12.0K −$1.11/SF
NOI
$67.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,357,880
Cap Rate 7%
$969,914
Cap Rate 9%
$754,378
Alternative Uses
Best Use
Warehouse
$969.9K
$848.7K – $1.13M
NOI $67,894 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$798.8K
$698.9K – $931.9K
NOI $55,913 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,968 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
2
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - 1979-built warehouse offers two units with 100% occupancy, including truckwells and grade-level doors on each side.
Where is this distribution center located?
The property is located at 36148 Ecorse Rd Romulus, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,800 SF industrial building built in 1979 with two units; 100% occupancy with two units currently leased; Includes 2 truckwells and 1 grade‑level door per side
