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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Specialty properties
36885 Goddard Rd Romulus, MI 48174-1228
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-1518276
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1970
Total area
5,681 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CBD-1
APN
80 078 03 0066 000
UPID
US43-1518276
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Goddard Road Associates LLC · 9 yrs held
Goddard Road Associates LLC
since 2017
Last sale
$750,000
3 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$465,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Nov 21 2024)
Last sale anchor
$750k
Nov 21 2024
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
$132 / 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
$18,958
Tax year 2023
Assessed value
$285,200
Assessed 2024
Previous assessed
$261,300
+9.1% YoY
Effective rate
6.65%
On assessed value
Total market value
$570,400
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
5,681 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CBD-1
APN
80 078 03 0066 000
UPID
US43-1518276
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$690,000
MEDICAL BUILDING
Est. value
$535,000
OFFICE BUILDING
Est. value
$500,000
RETAIL STORES
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Goddard Road Associates LLC
Entity
Mailing address
36885 GODDARD RD, ROMULUS, MI 48174-1228
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2017
$650,000
Goddard Road Associates LLC
Crane William A Trust
Warranty Deed
$765,000 · Midwest Busn Cap
Apr 28, 2017
—
Crane,b Paulette Trust
Crane B Paulette
Quit Claim Deed
related
—
Mar 31, 2010
—
Crane William A Trust
Crane,william A
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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