Romulus, MI
Commercial Real Estate Market Trends & Data

$151 Avg asking sale price
$2,803 Avg asking lease rate
49,164 SF Avg unit lease size
22,553 SF Avg building size for sale
7.81% Average cap rate

Romulus's Demographic Profile

Romulus has 8,982 households and a median income of $65,443, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 23,280
# Households 8,982
Median age 39
Median household income $65,443
Avg household size 3.0
Renter-occupied housing units 3,222
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Romulus, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Wayne $111 10,353 SF 8.02%
New Boston $357 4,687 SF 7.15%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Romulus $209 12,725 SF 7.25%
Taylor $158 19,081 SF 8.45%
Belleville $189 183,060 SF 10.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Romulus $171 6,049 SF
Taylor $163 27,086 SF
Wayne $209 7,497 SF
New Boston $219 2,057 SF
Inkster $276 2,826 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Romulus $150 14,456 SF 8.02%
Wayne $100 15,146 SF 8.02%
Westland $171 21,847 SF 8.36%

Commercial Properties For Sale in Romulus

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Goddard Collision & Industrial Center

Romulus, MI 48174

  • 7,042 SF Industrial Building
  • $890,000
For Sale

4045 Second St

Wayne, MI 48184

  • 15,425 SF Industrial Building
  • $1,249,425
For Sale

35676 Van Born Rd

Wayne, MI 48184

  • 3,586 SF Retail Building
  • $425,000
For Sale

Farnum St

Romulus, MI 48174

  • 0.37 AC Lot
  • 1 Commercial Lot
  • $100,000
For Sale

Southside of 9951 Inkster Rd (UniFirst)

Taylor, MI 48180

  • 44 AC Lot
  • 1 Industrial Lot
  • $600,000
For Sale

6532 Beverly Plz

Romulus, MI 48174

  • 12,000 SF Industrial Building
  • $3,995,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Romulus pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Romulus $151 22,553 SF
Brownstown Twp $140 30,270 SF
Taylor $124 26,270 SF
Wayne $203 11,023 SF

Regional Demographic Comparison

This comparison places Romulus alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Romulus or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Romulus 23,280 8,982 39 $65,443 3 3,222 -4%
Taylor 56,586 22,808 40 $58,488 2 8,306 -5%
Wayne 15,778 6,591 41 $52,064 2 2,828 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Romulus, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Romulus

View All Commercial Real Estate For Sale in Romulus
Is Romulus a good market for a first-time commercial real estate investor?

Romulus offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Romulus?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Romulus. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Romulus?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Romulus. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Romulus compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Romulus. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Romulus acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Romulus, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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