37235 GODDARD Rd, Romulus, MI 48174
2,900 SF modern building, long-term dental tenant, excellent condition.
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 2 at 11:38 am
Property Features for 37235 GODDARD Rd
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.55 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing office Mutual Realty, LLC (248) 474-6464
Listing date Mar 10, 2026
Source Elliman
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HighLights
- Long‑term established dental group tenant with multiple locations.
- Tenant is in the 2nd year of a 2nd, 5‑year renewal term, with a 3rd renewal option.
- 2,900 square feet of prime dental/medical space.
- Sharp, modern building built in 2000 and in excellent condition.
- Equipped with current available technology.
- Convenient location in Romulus, close to I‑94 & I‑275.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $20.04 |
| − Vacancy | −$7.2k | −$2.49 |
| EGI | $50.9k | $17.55 |
| − OpEx | −$20.4k | −$7.02 |
| NOI | $30.5k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4032
- Latitude
- 42.2176
