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Financial
Distress signals
Property profile

29387 Airport Dr Romulus, MI 48174

OFF-MARKET
Turn key restaurants
Property ID
US43-0055600
5,488 SF 0.94 ac lot Built 1988
Last sale May 2019 · $985,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a planned gas station site designed to support fueling operations along with convenience retail. It includes a large convenience store (c-store) component configured to accommodate both in-house sales and potential leasing of additional retail space to a national retailer, providing flexibility in tenanting the storefront area. The site is located within an auto-oriented commercial environment featuring proximity to executive air terminals, hotels, quick-serve restaurants,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2024$347k
Effective rate4.55%

Value estimate

· Oct 2026
$945k
$851k – $1.04M
Submarket $/SF estimate$523k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$52 – $108
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3-HWY
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply8.7
Tailor Shop8.6
Carpet & Flooring Store8.2

Location

29387 Airport Dr Romulus, MI 48174-2524
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12731 Huron Riv, Romulus, MI 48174-1286 $100,000 Nov 2024 6,363 SF
7130 Middlebelt, Romulus, MI 48174-2131 $18,971 Sep 2024 5,529 SF
37492 Huron Riv, Romulus, MI 48174-1121 $210,000 Nov 2023 3,844 SF
35445 Van Born, Romulus, MI 48174-1787 $1,775,000 Aug 2023 6,777 SF
27736 Eureka, Romulus, MI 48174-2853 $290,000 Nov 2021 5,006 SF
5845 Merriman, Romulus, MI 48174-1933 $170,000 Feb 2021 6,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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