12-Unit Motel with Owner’s
19622 Telegraph Road Romulus, MI 48174
19622 Telegraph Road, Romulus, MI, 48174
$799,000
For Sale
$799,000
Well-maintained 12-unit motel on 5.01 acres with 240 feet of frontage and a two-story owner’s home.
Property Size6,296 SF
Lot Size5.01 Acres
Price / SF$126.91
Days on Market38
Property Features for 19622 Telegraph Road
General Information
- Standard status
- Active
- Size
- 6,296 SF
- Lot size
- 5.01 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Hartford Real Estate of Michigan
(248) 678-8899
Listed by
Mark Tlok
(248) 678-8899
Source
Sabudarealty
Added: Jun 15 Updated: Jul 22 at 2:12AM Checked: Jul 22 at 2:12AM
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 Hartford Real Estate of Michigan
Investment Insights
Based on property information with market context.
The offering includes a profitable, well-maintained 12-unit motel situated on 5.01 acres, with 240 feet of frontage on Telegraph Road just south of Sibley Road. The property also includes a two-story owner’s home, garage, shed, and a large fenced backyard. Updates and improvements have been completed in recent years.
In addition to the motel, the 5.01-acre site includes two additional parcels: 2.95 acres of vacant land located behind the motel and an approximately 0.5-acre parcel along Telegraph Road in front of the motel. The entire property may also be redeveloped.
Financial information is available to qualified buyers upon request.
In addition to the motel, the 5.01-acre site includes two additional parcels: 2.95 acres of vacant land located behind the motel and an approximately 0.5-acre parcel along Telegraph Road in front of the motel. The entire property may also be redeveloped.
Financial information is available to qualified buyers upon request.
Key Highlights
- Well‑maintained 12‑unit motel on 5.01 acres with 240 ft of frontage on Telegraph Road (just south of Sibley Road).
- Includes a two‑story, 2,500 SF owner’s home plus garage, shed, and a large fenced backyard.
- Property includes 2.95 acres of vacant land behind the motel and an additional approx. 0.5‑acre parcel along Telegraph Road in front.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $15.00 |
| − Vacancy | −$42.5k | −$6.75 |
| EGI | $51.9k | $8.25 |
| − OpEx | −$27.3k | −$4.33 |
| NOI | $24.7k | $3.92 |
6,296 SF · lease $15.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$352.5K
$308.4K – $411.2K
NOI $24,672 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,596 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
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Similar Off Market Nearby
- Minute Suites Detroit — 2552 Worldgateway Pl, Romulus, MI 48174
FAQs
What type of property is this?
Motel - Well-maintained 12-unit motel on 5.01 acres with 240 feet of frontage and a two-story owner’s home.
Where is this motel located?
The property is located at 19622 Telegraph Road Romulus, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Well‑maintained 12‑unit motel on 5.01 acres with 240 ft of frontage on Telegraph Road (just south of Sibley Road).; Includes a two‑story, 2,500 SF owner’s home plus garage, shed, and a large fenced backyard.; Property includes 2.95 acres of vacant land behind the motel and an additional approx. 0.5‑acre parcel along Telegraph Road in front.
