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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Manufacturing properties
36300 Eureka Rd, Romulus, MI 48174-3652
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1533849
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
88,740 SF
Lot
13.36 ac (581,962 SF)
Zoning code
M2-GEN
APN
80 116 99 0001 700
UPID
US43-1533849
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
$4.53M
Blend (final)
Blend
$4.53M
Owner & transaction history
Vision Properties Of Michigan INC · 1 yrs held
Vision Properties Of Michigan INC
since 2025
6 recorded transactions
Zoning & alternative use
M2-GEN · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.3M
+60.5%
Neighborhood: shopping center
$7.1M
+55.4%
Restaurant
$6.8M
+50.6%
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
INDUSTRIAL (GENERAL)
$4,545,000
Current use
RETAIL STORES
$7,290,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,060,000
Change: +55% · Conversion: Difficult
RESTAURANT
$6,845,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±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
$51 / 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
$78,738
Tax year 2023
Assessed value
$1,680,800
Assessed 2024
Previous assessed
$1,652,900
+1.7% YoY
Effective rate
4.68%
On assessed value
Total market value
$3,361,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Stories
1
Total area
88,740 SF
Lot
13.36 ac (581,962 SF)
Zoning code
M2-GEN
APN
80 116 99 0001 700
UPID
US43-1533849
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M2-GEN · Romulus, MI
Zoning M2-GEN · permitted uses
M2-GEN · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Romulus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
RETAIL STORES
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
RESTAURANT
Est. value
$6.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1985
Heating
FORCED AIR
Stories
1
Lot
13.36 ac
Current owner
From public records · entity-resolved
Vision Properties Of Michigan INC
Entity
Mailing address
5635 CLAY AVE SW, GRAND RAPIDS, MI 49548-5760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 25, 2025
—
Vision Properties Of Michigan INC
Romulus Realty Ventures LLC
Deed
—
Apr 15, 2025
—
Two Track Transportation LLC
36300 Eureka Road LLC
Warranty Deed
—
Nov 17, 2022
—
36300 Eureka Road LLC
—
Deed
related
$1,456,000 · Bank Of America NA
Aug 31, 2012
—
36300 Eureka Road LLC
Romulus Realty Ventures LLC
Warranty Deed
$1,456,000 · Bank Of America
—
—
36300 Eureka Road LLC
—
Deed Of Trust
related
$1,456,000 · Bank Of America
—
—
36300 Eureka Road LLC
—
Deed Of Trust
related
$1,153,000 · Economic Development Foun
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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