37235 Goddard St, Romulus, MI 48174
This exceptional investment opportunity presents a 2,912 square foot industrial property located at 37235 GODDARD, Romulus, MI, on a 0.55-acre lot. The building, constructed in 2000, is in excellent condition and boasts modern features and current technology. Currently occupied by a well-established dental group with multiple US locations, this property offers significant long-term stability. The tenants are in the second year of a second, five-year lease term, with a third renewal option available, ensuring consistent rental income. The strategic location in Romulus, MI provides easy access to major transportation routes, including I-94 and I-275, enhancing its appeal and accessibility. This property is ideally suited for investors seeking a stable, high-return investment in a prime location. The building's modern design and excellent condition minimize potential maintenance costs, further enhancing its investment potential. The existing tenant's long-term commitment and the availability of a third renewal option provide significant security and predictability for future cash flow. This is a rare opportunity to acquire a high-quality, income-producing property in a desirable location. The asking price for this exceptional investment is $622,515.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.