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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Industrial properties

28450 Highland Rd Romulus, MI 48174-2507

32,380 SF 1.75 ac lot Built 1974
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-2920606
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1974
Total area 32,380 SF
Lot 1.75 ac (76,230 SF)
Zoning code M-T
APN 80 050 03 0004 000
UPID US43-2920606
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
$1.22M
Blend (final) Blend
$1.22M
Owner & transaction history
Airport Park Equities LLC · 10 yrs held
Airport Park Equities LLC
since 2015
2 recorded transactions
2017
Price N/A
2015
Price N/A
Zoning & alternative use
M-T · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

and/or the sale of used parts is allowed in the M-T District only subject to the requirements of Section 11.07(h). (16) A vehicle dealer license from the State of Michigan shall be provided prior to issuance of any occupancy permits for the sale of more than 4 vehicles or trucks. (b) Truck Stops ( 1) The Planning Commission shall determine that traffic opera…

Zone name Industrial Transportation District
General category INDUSTRIAL
Zone area 1,384.22 ac
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