Romulus Warehouse For
35445 Genron Ct Romulus, MI 48174
35445 Genron Ct, Romulus, MI, 48174
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For Sale
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21,341 sqft warehouse available for purchase in Romulus.
Property Size21,341 SF
Price / SF$70.29
Days on Market878
Property Features for 35445 Genron Ct
General Information
- Standard status
- Active
- Size
- 21,341 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1978
Listing Agency
Friedman Real Estate
Listed by
Rick Kaplan · License #MI
Source
Crexi
Added: Feb 20, 2024 Checked: Jul 17 at 6:30 am
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
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)
Local Financial Insights For Warehouse
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 | $163.9k | $7.68 |
| − Vacancy | −$6.1k | −$0.28 |
| EGI | $157.8k | $7.40 |
| − OpEx | −$23.7k | −$1.11 |
| NOI | $134.2k | $6.29 |
21,341 SF · lease $7.68/SF/yr · vacancy 3.70% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- KLS Romulus — 15520 Wayne Rd, Romulus, MI 48174
FAQs
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)
