Property profile

361 Morton St Romeo, MI 48065

OFF-MARKET
Office buildings
Property ID
US43-1465267
28,587 SF 3.65 ac lot Built 1994
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 28,587 SF
Lot 3.65 ac (158,907 SF)
Zoning code VERIFY
APN 27-01-34-401-017
UPID US43-1465267

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
  • Freight Service Logistics Company
  • Gym & Fitness Center
  • Family Recreation Center
  • Family Recreation Center
  • Community Center

Location

361 Morton St Romeo, MI 48065-4636
Romeo metro Census 214500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.71M
Blend (final) Blend
$370k

Owner & transaction history

Zoning & alternative use

VERIFY · Romeo, MI
Top alternative use upside
Restaurant $4.1M +49.5%
Medical building $3.5M +29.6%
Retail stores $3.0M +10.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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