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35445 Genron Ct, Romulus, MI 48174
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Property summary
AI-generated overview
This exceptional industrial property, located at 35445 Genron Court in Romulus, Michigan, offers 15,000 square feet of immediately available warehouse and distribution space within a larger 21,341 square foot building. Situated on a 1.9-acre lot, this single-story building boasts an impressive 18-foot ceiling height, ideal for various industrial uses. Built in 1978, the property is zoned for industrial use and features ample power with 800 amp, 240-volt heavy-duty service. The property is designated as APN 80-125-99-0011-702 within Wayne County. Parking is readily available with 20 spaces provided on-site. The property is currently under multiple tenancy. This prime location in Romulus, MI, zip code 48174, offers easy access to major transportation routes, making it an excellent choice for businesses requiring efficient logistics and distribution capabilities. The available space presents a significant opportunity for companies seeking a functional and well-located warehouse facility. Serious inquiries are encouraged to explore this exceptional opportunity.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Total area
22,349 SF
Lot
1.82 ac (79,279 SF)
Zoning code
M2-GEN
APN
80 125 99 0011 702
UPID
US43-4491574
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$235k
Owner & transaction history
2 recorded transactions
Zoning & alternative use
M2-GEN · Romulus, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$235k
Value range
$212k – $259k
±10% around blend
Estimated value / SF
$11 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$212k
blend $235k
$259k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,349 SF
Lot area
1.82 ac
Year built
1976
Stories
1
APN
80 125 99 0011 702
Zoning
M2-GEN
Assessed value
$292,000
Annual tax
$14,872
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$14,872
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.09M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.7 mi away · 22,872 SF
17.8 mi away · 27,540 SF
21.0 mi away · 16,350 SF
23.6 mi away · 17,140 SF
24.3 mi away · 18,730 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$235k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$51
-79%
Submarket 50 sales
$49
-79%
County 380 sales
$50
-79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $11/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.94%
Selected cap rate for this manufacturing properties
Derived from the Romulus market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.94%
9.0%
NOI (est.)
$134k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$67
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.44%8.94%9.44%
$121k
$1.43M
$1.35M
$1.28M
$134k
$1.59M
$1.50M
$1.42M
$148k
$1.75M
$1.65M
$1.56M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$4.90M
7.0 mi · Jan 2026 · $247/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,872
Tax year 2023
Assessed value
$292,000
Assessed 2024
Previous assessed
$287,700
+1.5% YoY
Effective rate
5.09%
On assessed value
Total market value
$584,000
Applied tax rate
82,130.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1976
Heating
FORCED AIR
Stories
1
Total area
22,349 SF
Lot
1.82 ac (79,279 SF)
Zoning code
M2-GEN
APN
80 125 99 0011 702
UPID
US43-4491574
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M2-GEN · Romulus, MIZoning M2-GEN · permitted uses
M2-GEN · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Stories
1
Lot
1.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2-GEN
Jurisdiction
Romulus, MI
Recorded code
M2-GEN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M2-GEN in Romulus, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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