Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35007 Ecorse Rd Romulus, MI 48174

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35007 Ecorse Rd Romulus, MI 48174

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US43-0671868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 35007 Ecorse Rd

    Property type
    Commercial real estate

    Description

    This 0.81-acre (35,284 sq ft) residential land parcel in Romulus, Michigan (Wayne County, zip code 48174) is zoned R1A for single-family development. Located less than a mile from Amazon's new fulfillment center and minutes from Detroit Metro Airport, this property offers convenient access to major expressways. Utilities include cable, electricity, gas, sewer, streets, telephone, and water. Note that curb/gutter/sidewalk and irrigation are not present. The property's 2020 taxes were $0.02 per square foot. Parcel number is 80-034-99-0001-001. While the Walk Score is 17 (car-dependent) and Transit Score is 0 (minimal transit), the strategic location near major transportation hubs and employment centers makes this an attractive investment opportunity for single-family home development. This is a rare opportunity to acquire a well-situated lot in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.382038
    Latitude
    42.25175

    Comparable in this City

    • Contact for pricing

      Vacant Land in Romulus

      Vacant land available in Romulus, potential development site.
      Vacant Beverly Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Industrial Land Near Airport

      Industrial land with quick highway and airport access.
      Pine Dr, Romulus, MI 48174
      View Details
    • Contact for pricing
      5,000 SF

      Romulus Industrial Land For Sale

      5 Acres of industrial land available for purchase in Romulus.
      28684 Beverly Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      43.2 Acres in Brownstown

      43.2 +/- acres of land for sale in Brownstown.
      Telegraph Rd, Brownstown, MI 48174
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      12124 Inkster Rd, Romulus, MI 48174
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land Near Airport

      Industrial land with quick highway and airport access.
      Pine Dr, Romulus, MI 48174
      View Details
    • Contact for pricing
      5,000 SF

      Romulus Industrial Land For Sale

      5 Acres of industrial land available for purchase in Romulus.
      28684 Beverly Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Romulus Land for Sale

      12.9 acres of land available in Romulus, Michigan.
      12.9 Acres Wahrman Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Vacant Land in Romulus

      Vacant land available in Romulus, potential development site.
      Vacant Beverly Rd, Romulus, MI 48174
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Romulus Industrial Land For Sale

      2.0 acre industrial land with utilities available in Romulus.
      28960 Ecorse Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Romulus Industrial Site For Lease

      Up to 120,120 SF build-to-suit industrial site available.
      Wahrman Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Land Available For Lease

      Land for lease at 24146 Sibley Rd, Brownstown.
      24146 Sibley Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Huron Township Land For Rent

      Land available for rent in Huron Township, Michigan.
      48174 Usa, Huron Township, MI 48174
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Brownstown Charter Township.
      18880 Telegraph Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Romulus Land For Lease

      Land available for lease in Romulus, Michigan.
      32870 Wick Rd, Romulus, MI 48174
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    35007 Ecorse Rd
    Romulus, MI 48174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!