328 Lafayette St, Romeo, MI 48065-5238
This exceptional three-story medical office building, located at 328 E Lafayette Street in Romeo, Michigan, presents a unique investment opportunity. Spanning 12,432 square feet, the property boasts a remarkable 90% occupancy rate, demonstrating strong market demand. The building is ideally suited for a variety of medical practices, given its existing configuration as a licensed assisted living and memory care facility. The property features 22 rooms spread across three floors, providing ample space for patient care and administrative functions. Convenient on-site parking is available with 10 designated spaces. A comprehensive security system is already in place, ensuring the safety and security of both staff and residents. The building's location in the heart of historic Romeo, Michigan, within Macomb County, offers excellent visibility and accessibility. The property's zip code is 48065. This is a turnkey operation with significant potential for growth and return on investment. Detailed financial information is available upon request. The property is currently for lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
VILLAGE · Romeo, MIRomeo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.