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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Motels
167 Blue Star Hwy, Douglas, MI 49406-5139
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-2672191
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Total area
6,918 SF
Lot
0.58 ac (25,265 SF)
APN
59-016-062-00
UPID
US43-2672191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Blue Star Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
The Blue Star Boutique Motel LLC
The Blue Star Boutique Motel LLC
since 2026
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Douglas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Douglas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$184,800
Assessed 2024
Previous assessed
$178,600
+3.5% YoY
Assessed land
$27,800
Assessed improvement
$157,000
Land market value
$55,600
Improvement market value
$314,000
Total market value
$369,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
6,918 SF
Lot
0.58 ac (25,265 SF)
APN
59-016-062-00
UPID
US43-2672191
Jurisdiction
ALLEGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
The Blue Star Boutique Motel LLC
Entity
Mailing address
3353 BLUE STAR HWY, SAUGATUCK, MI 49453-9724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$900,000
The Blue Star Boutique Motel LLC
Blue Star Motel INC
Warranty Deed
—
Nov 12, 2024
—
Blue Star Motel INC
Rkw Properties LLC
Warranty Deed
—
May 4, 2022
—
Michigan Certfield Development Corp
Rkw Lodging LLC
Assignment Of Lease (leasehold Sale)
—
Apr 19, 2022
—
Rkq Properties LLC
Blue Star Lodging INC
Warranty Deed
$538,650 · Macatawa Bank
Oct 21, 2009
$467,501
Macatawa Bank
We Properties LLC
Sheriffs Deed
related
—
Apr 23, 2008
—
Roxie Girl INC
We Properties LLC
Warranty Deed
—
Mar 5, 2008
—
Roxie Girl INC
Roxie Hotel INC
Warranty Deed
—
May 7, 2007
—
We Properties LLC
Roxie Hotel INC
Quit Claim Deed
related
$450,000 · Macatawa Bank
Dec 5, 2006
$300,000
Roxie Hotel INC
Betty Lou Schippa
Warranty Deed
$320,000 · Macatawa Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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