Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7559 Merriman Rd Romulus, MI 48174

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1200 sq ft, Prime Metro Airport Location

    Lot size:
    1,200 SF

    Property Features for 7559 Merriman Rd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF
    Total Rate
    1500

    Spaces For Lease

    at 7559 Merriman Rd, Romulus, MI 48174 Contact us
    Unit

    $15 /Mo

    Size
    1,200 SF
    Contact us

    We can help!

    Listing Contact
    Michael Rose
    Michael Rose

    Listing Agency: Burger & Company Listing Agent: Michael Rose

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1,200 square foot retail space is ideally situated in Leonardo's Plaza, conveniently located just north of Detroit Metropolitan Airport in Romulus, Michigan. The property boasts excellent visibility and signage rights, making it an attractive option for businesses seeking high foot traffic. The single-tenant space features recently renovated office space, complete with fresh paint, a modern coffee bar, and updated floor tiles. This is a sublease opportunity. The gross lease rate is inclusive of base year real estate taxes, building insurance, lawn care, snow removal, and parking lot maintenance, offering a streamlined and cost-effective solution for tenants. The property is zoned COMMERCIAL and is located in Wayne County, Michigan, with the full address being 7559 Merriman Road, Romulus, MI 48174. This turnkey retail space presents a unique opportunity for businesses seeking a well-maintained, conveniently located, and attractive commercial space near a major transportation hub. The property's amenities and all-inclusive lease terms make it an exceptional value in a high-demand area. Contact us today to learn more about this exciting sublease opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3468868
    Latitude
    42.249708

    Nearby Similar for Lease

    • Contact for pricing

      Romulus Industrial Space For Lease

      35,407 SF industrial space available for lease in Romulus.
      28478 Highland Rd, Romulus, MI 70112
      View Details
    • Contact for pricing

      Romulus Warehouse and Distribution Space

      Warehouse, distribution, and office space near Detroit Metro Airport.
      29200 Airport Dr, Romulus, MI 48174
      View Details
    • Contact for pricing

      Industrial Park Near Detroit Airport

      Industrial spaces ideal for warehouse, distribution, and freight forwarding.
      9300-9328 Harrison Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Industrial Park Near Detroit Airport

      Industrial space ideal for warehouse, distribution, and freight forwarding.
      9740 Harrison Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Industrial Park Near Detroit Airport

      Industrial spaces ideal for warehouse, distribution, and freight forwarding.
      9330 Harrison Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Industrial Space Near Detroit Airport

      17,329 SF industrial space with docks near Detroit Airport.
      28933 Highland Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Romulus Warehouse Near Metro Airport

      Available warehouse space with cross-dock loading near Metro Airport.
      27651 Hildebrandt St, Romulus, MI 48174
      View Details
    • Contact for pricing

      Class A Industrial Building

      243,800 SF Class A industrial building with 32' clear height.
      32250 Smith Rd, Romulus, MI 48174
      View Details
    • $18 SF/Yr
      16,000 SF

      Retail Space with Drive-Thru

      Proposed 16,000 SF retail space with drive-thru end-cap.
      39325 Ecorse Rd, Romulus, MI 48174
      View Details
    • $6 SF/Yr
      11,337 SF

      Romulus Warehouse Space Available

      Industrial park space near Detroit Metro Airport for lease.
      29050 Airport Dr, Romulus, MI 48174
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease in Romulus, Michigan.
      37451 Ecorse Rd, Romulus, MI 48174
      View Details
    • Contact for pricing
      170,088 SF

      Romulus Industrial Space For Lease

      170,088 SF industrial space available for lease in Romulus.
      33100 Smith Rd, Romulus, MI 48174
      View Details

    FAQs

    What type of property is this?
    Retail property - 1200 sq ft, Prime Metro Airport Location
    Where is this retail property located?
    The property is located at 7559 Merriman Rd Romulus, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    (248) 536-2888 Call to check price and availability
    Request Owner's contact information
    7559 Merriman Rd Romulus, MI 48174
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7559 Merriman Rd
    Romulus, MI 48174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7559 Merriman Rd Romulus, MI 48174
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rose
    Michael Rose
    Real Estate License ID: 6501308575
    (248) 536-2888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!