Property profile

131 Main St Romeo, MI 48065

OFF-MARKET
Specialty properties
Property ID
US43-0220320
7,500 SF 0.17 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group COMMERCIAL MISC
Total area 7,500 SF
Lot 0.17 ac (7,492 SF)
Zoning code VILLAGE
APN 28-04-02-127-010
UPID US43-0220320

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Printing Service
  • Clothing Store

Location

131 Main St Romeo, MI 48065-5125
Romeo metro Census 206700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$771k
Blend (final) Blend
$510k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

VILLAGE · Romeo, MI
Top alternative use upside
Restaurant $1.1M +37.9%
Medical building $920,000 +19.5%
Retail stores $780,000 +1.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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