Comfort Suites Southgate Investment
18950 Northline Rd, Southgate, MI 48195
For Sale
Contact for pricing
Pending
Profitable hospitality property in a growing market, Southgate, Michigan.
Property Size46,660 SF
Days on Market304
Property Features for 18950 Northline Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License MI #01507135
(213) 446-5366
Source:
Crexi
Added: Jan 15
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
Comfort Suites Southgate, located at 18950 Northline Rd, Southgate, MI 48195, presents an investment opportunity. This property features amenities and well-maintained facilities. Its location appeals to business and leisure travelers. The property has a strong financial outlook and solid projected performance. Comfort Suites Southgate is eligible to maintain the Comfort Suites brand or can be converted at the new owners discretion. IHG has approved the property for conversion to Garner.
Key Highlights
- Prime investment opportunity in Southgate, MI with strong financial outlook and projected performance.
- Strategically situated in a sought‑after area appealing to business and leisure travelers.
- Eligible to maintain Comfort Suites brand or convert to another brand at new owner's discretion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,849
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,656,980
$3.7M
Cap Rate 7%
$2,612,129
$2.6M
Cap Rate 9%
$2,031,656
$2.0M
Market Conditions
NOI Build-Up for 46,660 SF
Gross rent
$699.9K $15.00/SF
− Vacancy
−$315.0K −$6.75/SF
EGI
$384.9K $8.25/SF
− OpEx
−$202.1K −$4.33/SF
NOI
$182.8K $3.92/SF
Area
Wayne County, MI
Vacancy
45.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,656,980
Cap Rate 7%
$2,612,129
Cap Rate 9%
$2,031,656
Alternative Uses
Best Use
Hotel Hospitality
$2.61M
$2.29M – $3.05M
NOI $182,849 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.64M
$7.56M – $10.08M
NOI $604,714 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 48195, MI
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Profitable hospitality property in a growing market, Southgate, Michigan.
Where is this hotel located?
The property is located at 18950 Northline Rd Southgate, MI.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime investment opportunity in Southgate, MI with strong financial outlook and projected performance.; Strategically situated in a sought‑after area appealing to business and leisure travelers.; Eligible to maintain Comfort Suites brand or convert to another brand at new owner's discretion.
