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    Property profile & analytics

    27427 Eureka Rd Romulus, MI 48174-2803

    • Strip malls
    • 12,900 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Mar 21, 2022
    $500,000
    Location Intelligence
    Property ID
    US43-0408537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 27427 Eureka Rd

    Year built
    1988
    Lot size
    2.05 lot acres
    Property size
    12,900 SF
    Zone code
    C1-LOCL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    80 141 99 0007 701
    APU
    80141990007701

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $505,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $455,000
      Mixed-Use
      $425,000
      Hospitality
      $435,000
      Educational
      $535,000
      Residential Income
      $460,000
      Energy
      $450,000
      Income-Based Land
      $500,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3074
    Latitude
    42.1955
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,415
    $0.00
    $0.00
    $333,600
    -
    $0.00
    $0.00
    $667,200

    Comparable in this City

    • Value Estimation by Request
      13,465 SF

      20143 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 13,465 SF
      20143 Telegraph Rd, Brownstown, MI 48174-9318
      View Details
    • Value Estimation by Request
      15,390 SF

      18412 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 15,390 SF
      18412 Telegraph Rd, Brownstown, MI 48174-9777
      View Details
    • Value Estimation by Request
      16,355 SF

      19100 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 16,355 SF
      19100 Telegraph Rd, Brownstown, MI 48174-9301
      View Details
    • Value Estimation by Request
      13,465 SF

      20151 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 13,465 SF
      20151 Telegraph Rd, Brownstown, MI 48174-9318
      View Details
    • Value Estimation by Request
      20,976 SF

      9279 Wayne Rd

      SHOPPING CENTER, STRIP CENTER • 20,976 SF
      9279 Wayne Rd, Romulus, MI 48174-1568
      View Details
    • Value Estimation by Request
      13,465 SF

      20155 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 13,465 SF
      20155 Telegraph Rd, Brownstown, MI 48174-9318
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      8,400 SF

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      2,100 SF retail unit available in Brownstown Township.
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    • $15 SF/Yr
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    • $18 SF/Yr
      16,000 SF

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    • $15 SF/Yr
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      Romulus Retail Space for Lease

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      12,566 SF

      Romulus Retail Space For Rent

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    • Contact for pricing

      Romulus Retail Land Opportunity

      Prime Wayne County retail land for lease.
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      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      2.9k
    • Avg Time on site
      12 min
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    27427 Eureka Rd
    Romulus, MI 48174-2803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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