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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Grocery and convenience stores
35426 Goddard Rd Romulus, MI 48174-1437
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-1554866
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Total area
2,755 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CBD-1
APN
80 068 01 0026 001
UPID
US43-1554866
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
$921k
Blend (final)
Blend
$920k
Owner & transaction history
35426 Goddard Road LLC · 9 yrs held
35426 Goddard Road LLC
since 2017
6 recorded transactions
Zoning & alternative use
CBD-1 · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Transition District is intended to provide a land use transition along Goddard Road between the activity areas of the Central Business District by promoting lower intensity uses such as residential, office, and convenience services
Zone name
Transition District
General category
COMMERCIAL
Zone area
73.17 ac
Source
Realmo
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
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$334 / 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
$14,974
Tax year 2023
Assessed value
$326,000
Assessed 2024
Previous assessed
$295,800
+10.2% YoY
Effective rate
4.59%
On assessed value
Total market value
$652,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,755 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CBD-1
APN
80 068 01 0026 001
UPID
US43-1554866
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD-1 · Romulus, MIZoning CBD-1 · permitted uses
CBD-1 · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Transition District is intended to provide a land use transition along Goddard Road between the activity areas of the Central Business District by promoting lower intensity uses such as residential, office, and convenience services
Zone name
Transition District
General category
COMMERCIAL
Zone area
73.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
35426 Goddard Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
35426 GODDARD RD, ROMULUS, MI 48174-1437
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2017
—
35426 Goddard Road LLC
Zourob Ents INC
Quit Claim Deed
related
—
—
—
35426 Goddard Road LLC
—
Deed Of Trust
related
$150,000 · Public Svc Cu
—
—
35426 Goddard Road LLC
—
Deed Of Trust
related
$500,000 · Public Svc Cu
—
—
Zourob Ents INC
—
Deed Of Trust
related
—
—
—
35426 Goddard Road LLC
—
Deed Of Trust
related
$200,000 · Public Svc Cu
—
—
35426 Goddard Road LLC
—
Deed Of Trust
related
$200,000 · Public Svc Cu
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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