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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Motels
16920 Telegraph Rd, Detroit, MI 48219-3731
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1827357
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Total area
20,557 SF
Lot
1.16 ac (50,530 SF)
Zoning code
R5
APN
22122526-9
UPID
US43-1827357
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
-
Velvet Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.87M
Owner & transaction history
Hirmitdev INC · 3 yrs held
Hirmitdev INC
since 2022
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
R5 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+66.9%
Commercial (general)
$1.9M
+46.9%
Restaurant
$1.9M
+46.8%
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 Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit 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
Method
Estimation
Statistic approach
$1,770,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,060,000
6.5%
$1,905,000
7%
$1,770,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,275,000
Current use
RETAIL STORES
$2,130,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,875,000
Change: +47% · Conversion: Difficult
RESTAURANT
$1,875,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,790,000
Change: +40% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,295,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $1.90M (Nov 4 2022)
Last sale anchor
$1.90M
Nov 4 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$16,291
Tax year 2020
Assessed value
$465,800
Assessed 2024
Previous assessed
$384,700
+21.1% YoY
Effective rate
3.50%
On assessed value
Total market value
$931,600
Applied tax rate
82,010.0000
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
1963
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
20,557 SF
Lot
1.16 ac (50,530 SF)
Zoning code
R5
APN
22122526-9
UPID
US43-1827357
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R5 · Detroit, MI
Zoning R5 · permitted uses
R5 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Hirmitdev INC
Entity
Mailing address
1711 BUR OAK DR, TROY, MI 48085-3491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$1,895,000
Hirmitdev INC
Shri Sai Ram INC
Warranty Deed
$2,080,000 · Oxford Bank
Jul 16, 2018
$645,000
Shri Sai Ram INC
Shree Sun INC
Warranty Deed
$850,000 · Belleville Inns INC
Jul 16, 2018
$600,000
Shree Sun INC
Akp Investment LLC
Warranty Deed
—
May 14, 2013
—
Shree Sun INC
Akp Investment LLC
Grant Deed
—
Jan 18, 2013
$470,001
Bhanu Patel
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Jan 16, 2013
—
Tirupati INC
Ohm Corp
Quit Claim Deed
related
—
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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