37235 GODDARD, Romulus, MI 48174
2,900 SF medical/dental space in excellent condition, built in 2000.
- Added:
- Sep 19, 2024
- Days on Market:
- 656
- Last Refresh:
- May 13 at 8:40 pm
Property Features for 37235 GODDARD
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing office Mutual Realty, LLC (248) 474-6464
Listing date Sep 19, 2024
Source Xome
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 Mutual Realty, LLC
HighLights
- Long‑term established dental group tenants with multiple locations.
- Tenants are in the 2nd year of their 2nd, 5‑year renewal term, with a 3rd renewal option available.
- 2,900 square feet of prime dental/medical space.
- Convenient Romulus location, close to I‑94 & I‑275.
- Sharp, modern building in excellent condition.
- Commercial zoning.
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 | $58.4k | $20.04 |
| − Vacancy | −$7.2k | −$2.49 |
| EGI | $51.1k | $17.55 |
| − OpEx | −$20.4k | −$7.02 |
| NOI | $30.7k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4034153
- Latitude
- 42.2172594
