Entity Owned 
For Lease
1 / 11
$10,515/Mo
15065 32 Mile Rd, Romeo, MI 48065
View Listing →
Property summary
AI-generated overview
This exceptional 20,190-square-foot multi-use building, constructed in 2008, presents a unique opportunity for businesses seeking a blend of office and industrial space. Located at 15065 32 Mile Rd, Romeo, MI 48065 (Just East of M-53), this single-tenant property features a two-story design. The front boasts executive office and showroom space, while the rear offers a spacious warehouse area. The building includes two loading docks for efficient shipping and receiving, and ample parking with 30 spaces available. The warehouse boasts a 22-foot ceiling height, providing significant storage capacity. Power is robust, with a 2,000 AMP, 240 V, 3-phase electrical service. The property is zoned I-1 and sits on a sizable lot. The building is currently vacant, offering immediate occupancy. This versatile property is ideal for a variety of businesses requiring both office and warehouse functionality. The property's convenient location provides easy access to major transportation routes. The APN is 28-04-01-200-026. This is a rare opportunity to secure a well-maintained, spacious, and strategically located multi-use building.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
BRICK
Total area
19,995 SF
Lot
1 ac (43,560 SF)
Zoning code
VILLAGE
APN
28-04-01-200-026
UPID
US43-0968451
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
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$315k
Owner & transaction history
since 2013
7 recorded transactions
Zoning & alternative use
VILLAGE · Bruce Twp, MI
Top alternative use upside
Warehouse, storage
$1.4M
+3.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 14 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$315k
Value range
$284k – $347k
±10% around blend
Estimated value / SF
$16 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$284k
blend $315k
$347k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,995 SF
Lot area
1 ac
Year built
2008
Stories
1
APN
28-04-01-200-026
Zoning
VILLAGE
Assessed value
$352,700
Annual tax
$13,458
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$13,458
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.74M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.2 mi away · 14,389 SF
16.6 mi away · 21,116 SF
18.1 mi away · 15,472 SF
18.4 mi away · 14,160 SF
19.5 mi away · 18,232 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$315k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 489 sales
$65
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $16/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+3%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$993k
Move the market yield to see immediate price impact.
Value / SF
$50
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$63k
$1.25M
$894k
$695k
$70k
$1.39M
$993k
$772k
$76k
$1.53M
$1.09M
$849k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$2.13M
11.8 mi · Apr 2026 · $127/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,458
Tax year 2022
Assessed value
$352,700
Assessed 2023
Previous assessed
$338,200
+4.3% YoY
Effective rate
3.82%
On assessed value
Total market value
$705,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2008
Construction
BRICK
Heating
FORCED AIR
Stories
1
Total area
19,995 SF
Lot
1 ac (43,560 SF)
Zoning code
VILLAGE
APN
28-04-01-200-026
UPID
US43-0968451
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
VILLAGE · Bruce Twp, MIZoning VILLAGE · permitted uses
VILLAGE · Bruce Twp, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
BRICK
Heating
FORCED AIR
Stories
1
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VILLAGE
Jurisdiction
Bruce Twp, MI
Recorded code
VILLAGE
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
