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Property profile

16620 Vining Rd Romulus, MI 48174

OFF-MARKET
Other industrial properties
Property ID
US43-2164091
8,480 SF 0.85 ac lot Built 1992
Last sale Feb 2022 · $245,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A warehouse property of approximately 8,480 square feet located just south of Detroit Metro Airport, with convenient access to the Eureka and I-275 interchange. The space is configured for finish-to-suit renovations, meaning it is suitable for a buyer to complete and tailor improvements to meet their intended use. The listing indicates the property is positioned for renovation work prior to final fit-out.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$132k
Effective rate6.75%

Value estimate

· Nov 2026
$225k
$203k – $248k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$36 – $70
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-LIG
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply8.4
Garden Center8.2
Storage Facility8.2

Location

16620 Vining Rd Romulus, MI 48174-3763
County assessor Recorded deeds · 2 transfers 14 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28567 Hildebrandt, Romulus, MI 48174-2758 $360,000 Mar 2025 9,720 SF
36015 Goddard, Romulus, MI 48174-1294 $540,000 Feb 2024 7,533 SF
30935 Ecorse, Romulus, MI 48174-3531 $125,000 Apr 2023 8,348 SF
28601 Hildebrandt, Romulus, MI 48174-2759 $340,000 Apr 2023 9,750 SF
29030 Northline, Romulus, MI 48174-2836 $410,000 Feb 2023 7,085 SF
29160 Northline, Romulus, MI 48174-2881 $515,000 May 2022 8,566 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
5 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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