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Property profile & analytics
FOR LEASE
Warehouses
27651 Hildebrandt St, Romulus, MI 48174
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1368591
For Lease
1 / 2
$23,215,000
27651 Hildebrandt St, Romulus, MI 48174
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
302,868 SF
Lot
19.94 ac (868,586 SF)
Zoning code
M-T
APN
80 052 99 0026 702
UPID
US43-1368591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.22M
Blend (final)
Blend
$23.22M
Owner & transaction history
Stag Industrial Holdings LLC · 8 yrs held
Stag Industrial Holdings LLC
since 2017
2 recorded transactions
Zoning & alternative use
M-T · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$36.8M
+98.3%
Medical building
$28.5M
+53.5%
Office building
$26.6M
+43.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Romulus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Romulus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,585,000
Current use
COMMERCIAL (GENERAL)
$36,845,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$28,520,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$26,575,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$24,885,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$24,100,000
Change: +30% · Conversion: Moderate
RESTAURANT
$23,360,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$23.22M
Range $20.89M – $25.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$77 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$404,735
Tax year 2023
Assessed value
$7,854,400
Assessed 2024
Previous assessed
$6,864,100
+14.4% YoY
Effective rate
5.15%
On assessed value
Total market value
$15,708,800
Applied tax rate
82,130.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2005
Heating
FORCED AIR
Stories
1
Total area
302,868 SF
Lot
19.94 ac (868,586 SF)
Zoning code
M-T
APN
80 052 99 0026 702
UPID
US43-1368591
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M-T · Romulus, MI
Zoning M-T · permitted uses
M-T · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Romulus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.6M
COMMERCIAL (GENERAL)
Est. value
$36.8M
MEDICAL BUILDING
Est. value
$28.5M
OFFICE BUILDING
Est. value
$26.6M
RETAIL STORES
Est. value
$24.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.1M
RESTAURANT
Est. value
$23.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
1
Lot
19.94 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2017
—
Stag Industrial Holdings LLC
American Natl Ins
Grant Deed
—
Sep 20, 2012
—
American Natl Ins
Pco Romulus LP
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
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