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Property profile & analytics
OFF-MARKET
Individual retail properties
19525 Victor Pkwy Livonia, MI 48152-1081
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0902428
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1988
Construction
BRICK
Total area
195,673 SF
Lot
5.2 ac (226,512 SF)
APN
46 024 99 0003 002
UPID
US43-0902428
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
-
Ganders Restaurant & Lounge Restaurant
-
Embassy Suites by Hilton Detroit Livonia Novi Hotel & Motel
-
Cascades Restaurant Restaurant
-
ATM Geldautomat Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Livonia Hotel Suites LLC · 2 yrs held
Livonia Hotel Suites LLC
since 2024
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 Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia 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
—
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
$274,879
Tax year 2023
Assessed value
$5,241,400
Assessed 2024
Previous assessed
$5,479,300
-4.3% YoY
Effective rate
5.24%
On assessed value
Total market value
$10,482,800
Applied tax rate
82,095.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
FORCED AIR
Buildings
5
Stories
5
Total area
195,673 SF
Lot
5.2 ac (226,512 SF)
APN
46 024 99 0003 002
UPID
US43-0902428
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
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
1988
Construction
BRICK
Heating
FORCED AIR
Stories
5
Buildings
5
Lot
5.2 ac
Current owner
From public records · entity-resolved
Livonia Hotel Suites LLC
Entity
Mailing address
31100 STEPHENSON HWY, MADISON HEIGHTS, MI 48071-1638
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Livonia Hotel Suites LLC
Victor Parkway Hotel Fee LLC
Deed
$12,850,000 · The Farmers & Merchants State Bank
Dec 11, 2019
—
Victor Parkway Hotel Fee LLC
—
Deed
related
$124,740,000 · Bank Of America
Dec 3, 2018
$23,422,680
Victor Partners LLC
Fo Livonia Property LLC
Warranty Deed
—
Feb 8, 2018
—
Fo Livonia Property LLC
—
Loan Modification
related
$195,000,000 · Louisiana Mtg Assocs
Dec 22, 2017
—
Fo Livonia Property LLC
—
Loan Modification
related
$200,000,000 · Other Institutional Lenders
Mar 10, 2017
—
Fo Livonia Property LLC
—
Loan Modification
related
$180,000,000 · Other Institutional Lenders
Nov 19, 2014
—
Fo Livonia Property LLC|livonia Property Sub LLC
—
Loan Modification
related
$165,000,000 · * Other Institutional Lenders
Mar 6, 2014
—
Fo Livonia Property LLC
Nesbitt Livonia Property LLC
Quit Claim Deed
related
$154,000,000 · Parlex 1 Finance LLC
Feb 11, 2014
—
Fo Livonia Property LLC
Nesbitt Livonia Property LLC
Quit Claim Deed
related
—
—
—
Victor Parkway Hotel Fee LLC
—
Deed Of Trust
related
$124,740,000 · Bank Of America
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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