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Property profile & analytics
FOR LEASE
Distribution centers
30550 Ecorse Rd Romulus, MI 48174
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1319460
For Lease
1 / 11
$82.20 SF/Yr
30550 Ecorse Rd, Romulus, MI 48174
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Property summary
AI-generated overview
This exceptional 78,700-square-foot industrial warehouse in Romulus, MI's Airport District offers a sublease opportunity for approximately 28,750 square feet, available immediately and extending through July 2027. The space features a well-maintained facility with sealed warehouse floors and is secured by chain-link fencing. The unit includes 24,000 square feet of warehouse space, with an option to lease an additional 4,750 square feet of office space, bringing the total to approximately 28,750 square feet. Building highlights include a 20-foot clear height, one grade-level door, and two exterior docks. The property boasts ESFR fire suppression, 480-volt power, and excellent freeway access to I-94, I-275, and M-12, ensuring convenient transportation. The property sits on 5.57 acres of land and offers 124 total parking spaces. The zoning is Light Industrial, and the APN is 80-007-02-0001-000. This is a single-tenant property with high visibility from the main road.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Total area
78,581 SF
Lot
5.57 ac (242,629 SF)
Zoning code
M1-LIG
APN
80 007 02 0001 000
UPID
US43-1319460
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
$5.95M
Blend (final)
Blend
$5.95M
Owner & transaction history
Ecorse Road Romulus LLC · 4 yrs held
Ecorse Road Romulus LLC
since 2022
2 recorded transactions
Zoning & alternative use
M1-LIG · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+79.0%
Restaurant
$8.1M
+68.8%
Office building
$7.6M
+58.3%
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
$4,820,000
Current use
COMMERCIAL (GENERAL)
$8,630,000
Change: +79% · Conversion: Difficult
RESTAURANT
$8,135,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$7,630,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$7,400,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,255,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$5,985,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$5.95M
Range $5.35M – $6.54M · ±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
$76 / 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
$96,375
Tax year 2023
Assessed value
$1,435,200
Assessed 2024
Previous assessed
$1,378,200
+4.1% YoY
Effective rate
6.72%
On assessed value
Total market value
$2,870,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1971
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
78,581 SF
Lot
5.57 ac (242,629 SF)
Zoning code
M1-LIG
APN
80 007 02 0001 000
UPID
US43-1319460
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M1-LIG · Romulus, MI
Zoning M1-LIG · permitted uses
M1-LIG · 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
$4.8M
COMMERCIAL (GENERAL)
Est. value
$8.6M
RESTAURANT
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
RETAIL STORES
Est. value
$6.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1971
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5.57 ac
Current owner
From public records · entity-resolved
Ecorse Road Romulus LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 810, ROYAL OAK, MI 48068-0810
Ownership since
2022
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
May 21, 2025
—
Ecorse Road Romulus LLC
—
Deed
related
$8,000,000 · Wells Fargo Bank NA
Feb 10, 2022
—
Ecorse Road Romulus LLC
Genuine Parts Company
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.
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