Entity Owned Property summary
The property is a vacant corner lot located in Romulus, Michigan, within an area that supports commercial activity. It is zoned for commercial and light industrial use and has a lot size of 0.17 acres. The site is configured as a corner parcel, which provides street exposure on two sides, and it has been considered for leasing and land contract arrangements.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Five Points District is intended to provide a commercial area and destination that offers convenient services, offices, and businesses for nearby residential neighborhoods and for new residential uses located within…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD-3 · Romulus, MIThe Five Points District is intended to provide a commercial area and destination that offers convenient services, offices, and businesses for nearby residential neighborhoods and for new residential uses located within…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Five Points District is intended to provide a commercial area and destination that offers convenient services, offices, and businesses for nearby residential neighborhoods and for new residential uses located within…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD-3 in Romulus, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
