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    OFF-MARKET
    Land

    0 Merriman Rd, Romulus, MI 48174

    20 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 20-acre parcel, located on Merriman Road in Romulus, Michigan, presents a remarkable opportunity for residential development. The property, identified by APN 80-139-99-0001-000, is zoned Single Family Residential (R1A), allowing for the construction of single-family homes. Its flat topography simplifies development, minimizing site preparation costs and accelerating project timelines. The land's advantageous location immediately south of the Metro Airport offers convenient access to major transportation arteries and the amenities of a thriving metropolitan area. With a total area of 20 acres, this expansive site provides ample space for a substantial residential project. The asking price for this prime development opportunity is $1,500,000. The property's Wayne County address and 48174 zip code further highlight its strategic location within the Romulus community. This is a rare chance to acquire a large, ready-to-develop residential tract in a high-demand area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 20 ac (871,200 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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