Financial
Distress signals
Property profile

36050 Goddard Rd Romulus, MI 48174

FOR SALE
Auto shops
Property ID
US43-0371900
2,604 SF 0.35 ac lot Built 1942
Last sale Sep 2022 · $162,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Commercial building in a newly developed area of Romulus on a 0.35-acre lot, totaling 2,604 square feet. The layout includes a showroom or large office area, an upper-level area, and storage or additional office space, with one full bathroom and one half bathroom located in the warehouse or garage area. The oversized garage includes an overhead door, gas heating, and an exhaust fan, with loft space for storage above and enclosed storage beneath. The property includes a front digital sign and a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$79k
Effective rate6.27%

Value estimate

· Sep 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$971
Operating expenses−$9k
NOI · 4.34% cap applied$16k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$48 – $109
Qualifying comparables10

Cap rate analysis

How does the asset earn?
4.34%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD-2
The Downtown District is intended to create a pedestrian oriented destination that offers entertainment, shopping, employment, housing, a...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.0
Restaurant13.0
Wholesale Shop12.5

Location

36050 Goddard Rd Romulus, MI 48174
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12003 Huron Riv, Romulus, MI 48174-1165 $237,500 Jan 2025 1,488 SF
27455 Van Born, Romulus, MI 48174-2316 $269,000 Jan 2025 2,400 SF
6363 Middlebelt, Romulus, MI 48174-4209 $300,000 Jan 2025 3,216 SF
28527 Van Born, Romulus, MI 48174-2363 $400,000 Mar 2023 1,802 SF
12750 Huron Riv, Romulus, MI 48174-1157 $350,000 May 2021 2,761 SF
17950 Merriman, Romulus, MI 48174-9487 $125,000 Feb 2021 3,386 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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