Financial
Distress signals
Property profile

28000 Wick Rd Romulus, MI 48174

OFF-MARKET
Other industrial properties
Property ID
US43-1070743
24,888 SF 5.32 ac lot Built 1966
Last sale Aug 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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

The property located at 28000 Wick Rd in Romulus, Michigan is configured as a commercial kitchen and is identified as having redevelopment potential. The listing describes the asset primarily by its commercial kitchen use, without providing additional details on the current equipment, interior layout, square footage, or zoning classification.

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?
$30k
Tax billed · 2023
Assessed value · 2024$705k
Effective rate4.20%

Value estimate

· Sep 2026
$580k
$522k – $638k
Submarket $/SF estimate$1.75M

Realmo valuation models over county records and 6 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 comparables6

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?
M-T
District permits industries which are of a heavy manufacturing character and truck distribution facilities. It is also the intent to perm...
General categoryINDUSTRIAL
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 agency12.0
Law Firm10.2
HVAC Service10.1

Location

28000 Wick Rd Romulus, MI 48174-2638
County assessor Recorded deeds · 2 transfers 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35555 Genron, Romulus, MI 48174-3654 $1,160,000 Oct 2024 25,883 SF
6930 Metro Plex, Romulus, MI 48174-2000 $2,850,000 Jul 2024 33,240 SF
28035 Beverly, Romulus, MI 48174-2467 $3,000,000 May 2023 19,600 SF
28745 Wick, Romulus, MI 48174-2522 $557,500 Apr 2023 18,100 SF
6830 Metro Plex, Romulus, MI 48174-2012 $1,100,000 Jan 2023 27,472 SF
35777 Genron, Romulus, MI 48174-3654 $352,000 Sep 2022 27,534 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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