42-Unit Independent
New
For Sale
Contact for pricing
28525 MICHIGAN AVE, Inkster, MI 48141
Two-story main building with single-story brick wings, surface parking, and ongoing flooring upgrades.
Property Size14,432 SF
Lot Size0.79 Acres
Price / SF$90.08
Days on Market7
Property Features for 28525 MICHIGAN AVE
General Information
Standard status
Active
Size
14,432 SF
Total Parking Spaces
70
Lot size
0.79 Acres
Property subtype
Retail, Hospitality
Occupancy
55%
Net Operating Income
$100,000
Financials
Asking Price
$1,299,999
Gross Income
$300,000
Building Details
Year Built
1951
Year Renovated
2015
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial AMH
(631) 903-3739
Listed By:
Anthony Briguglio · License #10491212878
Source:
Crexi
Added: Aug 11
Changed: Aug 16
Last Checked: Aug 15 at 8:57AM
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 Coldwell Banker Commercial AMH
Investment Insights
Based on property information with market context.
This independent motel includes 42 units across approximately 14,432 square feet. The property consists of a two-story main building and single-story brick wings, with surface parking serving the site. Existing tenants are expected to remain at closing, supporting continuity of operations.
The motel occupies a 34,412-square-foot site and has operated without a franchise flag, allowing an owner to maintain an independent format. Physical improvements include a new roof completed in 2025, HVAC systems approximately 4 years old, and flooring upgrades that are 50% complete. The property was built in 1951.
The motel occupies a 34,412-square-foot site and has operated without a franchise flag, allowing an owner to maintain an independent format. Physical improvements include a new roof completed in 2025, HVAC systems approximately 4 years old, and flooring upgrades that are 50% complete. The property was built in 1951.
Key Highlights
- 42‑unit independent motel with existing tenants expected to remain at closing
- Approximately 14,432 square feet on a 34,412‑square‑foot site
- Two‑story main building with single‑story brick wings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,555
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,131,100
$1.1M
Cap Rate 7%
$807,929
$807.9K
Cap Rate 9%
$628,389
$628.4K
Market Conditions
NOI Build-Up for 14,432 SF
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.
Gross rent
$216.5K $15.00/SF
− Vacancy
−$97.4K −$6.75/SF
EGI
$119.1K $8.25/SF
− OpEx
−$62.5K −$4.33/SF
NOI
$56.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,131,100
Cap Rate 7%
$807,929
Cap Rate 9%
$628,389
Alternative Uses
Best Use
Hotel Hospitality
$807.9K
$706.9K – $942.6K
NOI $56,555 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.67M
$2.34M – $3.12M
NOI $187,039 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48141, MI
26,088
Population
11,497
Households
2.3
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
6.3 sq mi
ZIP Area
4,141
Density / Sq Mi
$39,632
Median Household Income
$32,135
Median Earnings
$1,127
Median Rent
$75,700
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Rancho Motel — 28635 Michigan Ave, Inkster, MI 48141
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- Evergreen Motel — 28473 Michigan Ave, Inkster, MI 48141
- Paradise Inn — 28525 Michigan Ave, Inkster, MI 48141
Frequently Asked Questions
What type of property is this?
Motel - Two-story main building with single-story brick wings, surface parking, and ongoing flooring upgrades.
Where is this motel located?
The property is located at 28525 MICHIGAN AVE Inkster, MI.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 42‑unit independent motel with existing tenants expected to remain at closing; Approximately 14,432 square feet on a 34,412‑square‑foot site; Two‑story main building with single‑story brick wings
