Property profile

17200 Laurel Park Dr Livonia, MI 48152

OFF-MARKET
Motels
Property ID
US43-0860112
90,909 SF 3.87 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1987
Construction CONCRETE BLOCKS
Total area 90,909 SF
Lot 3.87 ac (168,577 SF)
APN 46 028 99 0002 005
UPID US43-0860112

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

Location

17200 Laurel Park Dr Livonia, MI 48152-3915
Livonia metro Census 556500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.33M
Blend (final) Blend
$8.34M

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2020
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $12.9M +127.8%
Restaurant $9.4M +66.6%
Commercial (general) $9.4M +66.2%

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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