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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Strip malls
35681 Van Born Rd Romulus, MI 48174-4173
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1126608
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
25,305 SF
Lot
2.55 ac (111,078 SF)
Zoning code
C2-GEN
APN
80 017 01 0069 707
UPID
US43-1126608
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
$1.40M
Blend (final)
Blend
$1.40M
Owner & transaction history
Romulus Plaza LLC · 7 yrs held
Romulus Plaza LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2-GEN · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+10.3%
Retail stores
$2.1M
+3.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$2,015,000
Current use
OFFICE BUILDING
$2,220,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$2,080,000
Change: +3% · Conversion: Easy
RESTAURANT
$1,950,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,810,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$55 / 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
$39,919
Tax year 2023
Assessed value
$603,100
Assessed 2024
Previous assessed
$567,300
+6.3% YoY
Effective rate
6.62%
On assessed value
Total market value
$1,206,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
25,305 SF
Lot
2.55 ac (111,078 SF)
Zoning code
C2-GEN
APN
80 017 01 0069 707
UPID
US43-1126608
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C2-GEN · Romulus, MIZoning C2-GEN · permitted uses
C2-GEN · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
Romulus Plaza LLC
Entity
Mailing address
6450 FARMINGTON RD STE #121, WEST BLOOMFIELD, MI 48322-4456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Romulus Plaza LLC
Van Born Associates LLC
Warranty Deed
$839,033 · Community Choice Cu
Jul 14, 2016
—
Van Born Associates LLC
—
Deed
related
—
Mar 16, 2015
—
Van Born Associates LLC
Talmer Bk
Grant Deed
—
Nov 3, 2014
—
Talmer Bk & Trust
Sorrentino Investment Co
Grant Deed
related
—
Oct 15, 2009
—
Sorrentino Investments Co
—
Trustees Deed
related
$1,655,819 · Community Central Bank
—
—
Van Born Associates LLC
—
Deed Of Trust
related
$250,000 · Community Choice Cu
—
—
Van Born Associates LLC
—
Deed Of Trust
related
—
—
—
Van Born Associates LLC
—
Deed Of Trust
related
—
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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