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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Motels
17600 Dix Rd Melvindale, MI 48122-2306
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2272924
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
30,100 SF
Lot
0.81 ac (35,284 SF)
Zoning code
R1 1 FA
APN
47 001 02 0028 301
UPID
US43-2272924
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
-
Red Roof Inn & Suites Detroit - Melvindale/Dearborn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.94M
Owner & transaction history
17600 Dix LLC · 2 yrs held
17600 Dix LLC
since 2024
7 recorded transactions
Zoning & alternative use
R1 1 FA · Melvindale, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+76.8%
Restaurant
$3.1M
+66.6%
Office building
$2.9M
+56.3%
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 Melvindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melvindale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,870,000
Current use
COMMERCIAL (GENERAL)
$3,305,000
Change: +77% · Conversion: Difficult
RESTAURANT
$3,115,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$2,925,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,395,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10%
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
$98 / 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
Tax billed
$115,928
Tax year 2023
Assessed value
$1,151,400
Assessed 2024
Previous assessed
$1,339,900
-14.1% YoY
Effective rate
10.07%
On assessed value
Total market value
$2,302,800
Applied tax rate
82,045.0000
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
2008
Heating
FORCED AIR
Stories
3
Total area
30,100 SF
Lot
0.81 ac (35,284 SF)
Zoning code
R1 1 FA
APN
47 001 02 0028 301
UPID
US43-2272924
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 1 FA · Melvindale, MI
Zoning R1 1 FA · permitted uses
R1 1 FA · Melvindale, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melvindale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2008
Heating
FORCED AIR
Stories
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
17600 Dix LLC
Entity
Mailing address
6573 PEMBRIDGE HL, WEST BLOOMFIELD, MI 48322-3092
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
17600 Dix LLC
—
Deed
related
$2,588,000 · First Western Sblc INC
Jan 3, 2024
—
17600 Dix LLC
Bst Hospitality LLC
Deed
—
Jun 1, 2021
—
Bst Hospitality LLC
Leo Capital Rr LLC
Intrafamily Transfer
related
$1,860,000 · State Bank Of Texas
Dec 19, 2019
$5,000,000
Leo Capital Rr LLC
Ankur Investment INC
Grant Deed
$2,500,000 · State Bk/tx
Nov 30, 2009
—
Ankur Investment INC
—
Loan Modification, Consolidation And Extension
related
$2,700,000 · National Republic Bank Chicago
Oct 19, 2009
—
Ankur Investment INC
—
Loan Modification, Consolidation And Extension
related
$2,450,000 · National Republic Bank Chicago
Sep 4, 2008
$300,000
Ankur Investment INC
Damnjanovic,arta & Nancy A
Warranty Deed
—
—
—
Ankur Investment INC
—
Deed Of Trust
related
$50,000 · National Republic Bank Chicago
—
—
Ankur Investment INC
—
Loan Modification
related
$6,383,886 · Private Individual
—
—
Ankur Investment INC
—
Deed Of Trust
related
$443,731 · National Republic Bank Chicago
—
—
Ankur Investment INC
—
Deed Of Trust
related
$425,000 · National Republic Bank Chicago
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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