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Financial
Distress signals
Property profile

38481 Huron Riv Dr Romulus, MI 48174

OFF-MARKET
Other warehouses
Property ID
US43-1439998
154.21 ac lot Built 1960
Last sale Oct 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an industrial warehouse located in Romulus, Michigan, with a total building area of 397,876 square feet. It is served by heavy electrical service rated at 15 MW and includes warehouse clear height of up to 44 feet. The facility provides access to rail service via CSX and Norfolk Southern. The site/building configuration supports potential expansion to accommodate future growth and development.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$372k
Tax billed · 2023
Assessed value · 2024$15.56M
Effective rate2.39%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$61/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$34 – $82

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M2-GEN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant13.3
Wholesale Shop12.0
Auto Parts Store11.1

Location

38481 Huron Riv Dr Romulus, MI 48174-4819
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28567 Hildebrandt, Romulus, MI 48174-2758 $360,000 Mar 2025 9,720 SF
35555 Genron, Romulus, MI 48174-3654 $1,160,000 Oct 2024 25,883 SF
12835 Huron Riv, Romulus, MI 48174-1156 $230,000 Aug 2024 3,837 SF
Middlebelt, Romulus, MI 48174 $450,000 Aug 2024 No data
6930 Metro Plex, Romulus, MI 48174-2000 $2,850,000 Jul 2024 33,240 SF
27732 Ecorse, Romulus, MI 48174-2429 $625,000 Apr 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
5 properties of the same type nearby
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