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Property profile & analytics
OFF-MARKET Estimated value $590,000
Office buildings

29111 Wick Rd Romulus, MI 48174-2514

4,920 SF 2.86 ac lot Built 1959
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0408667
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Total area 4,920 SF
Lot 2.86 ac (124,582 SF)
Zoning code M-T
APN 80 050 01 0008 301
UPID US43-0408667
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
$590k
Blend (final) Blend
$590k
Owner & transaction history
29111 Wick LLC · 9 yrs held
29111 Wick LLC
since 2017
2 recorded transactions
2017
$1.5M
2007
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
Top alternative use upside
Commercial (general) $600,000 +38.6%
Medical building $465,000 +7.3%
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