Property profile

12888 Reeck Rd Southgate, MI 48195

OFF-MARKET
Hotels
Property ID
US43-0735910
41,520 SF 2.5 ac lot Built 1990
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1990
Total area 41,520 SF
Lot 2.5 ac (108,900 SF)
Zoning code M-1 LIGHT IND
APN 53 004 99 0005 702
UPID US43-0735910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel
  • Hotel & Motel

Location

12888 Reeck Rd Southgate, MI 48195-2270
Southgate metro Census 581600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$695k

Owner & transaction history

since 2024
Last sale
$3.0M
7 recorded transactions
2024
$3.0M
2021
Price N/A
2018
Price N/A
2007
Price N/A
2006
Price N/A
2006
Price N/A
2004
Price N/A

Zoning & alternative use

M-1 LIGHT IND · Southgate, MI
Top alternative use upside
Commercial (general) $4.6M +76.8%
Restaurant $4.3M +66.6%
Office building $4.0M +56.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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