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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Hotels
24977 Northwestern Hwy, Southfield, MI 48075-2202
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US43-0019428
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Total area
50,784 SF
Lot
1.83 ac (79,628 SF)
Zoning code
B-3
APN
76-24-27-226-020
UPID
US43-0019428
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
-
Comfort Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$845k
Owner & transaction history
10 Evergreen LLC · 23 yrs held
10 Evergreen LLC
since 2003
7 recorded transactions
Zoning & alternative use
B-3 · Southfield, MI
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 Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield 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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$670,000
Current use
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$17 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$131,697
Tax year 2022
Assessed value
$2,236,240
Assessed 2022
Previous assessed
$2,236,240
+0.0% YoY
Effective rate
5.89%
On assessed value
Assessed land
$265,150
Assessed improvement
$1,971,090
Land market value
$530,300
Improvement market value
$3,942,180
Total market value
$4,472,480
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
1
Total area
50,784 SF
Lot
1.83 ac (79,628 SF)
Zoning code
B-3
APN
76-24-27-226-020
UPID
US43-0019428
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MI
Zoning B-3 · permitted uses
B-3 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$670,000
HOTEL/MOTEL Current
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
10 Evergreen LLC
Entity
Mailing address
24977 NORTHWESTERN HWY, SOUTHFIELD, MI 48075-2202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Oct 16, 2025
—
10 Evergreen LLC
—
Deed
related
$5,186,000 · Lake Trust Cu
Dec 19, 2024
—
10 Evergreen LLC
—
Deed
related
$1,300,000 · Lake Trust Cu
Sep 6, 2023
—
10 Evergreen LLC
—
Deed
related
$1,000,000 · Lake Trust Cu
Feb 6, 2003
$1,000,000
10 Evergreen LLC
Hannawa Hospitality Group LLC
Grant Deed
—
Apr 24, 2001
—
10 Evergreen LLC
—
Trustees Deed
related
$3,650,000 · Sterling Bank & Trust Fsb
—
—
10 Evergreen LLC
—
Deed Of Trust
related
$396,311 · Denha Emmet Living Trust
—
—
10 Evergreen LLC
—
Deed Of Trust
related
$3,200,000 · Lake Tr Cu
—
—
10 Evergreen LLC
—
Deed Of Trust
related
$4,200,000 · Franklin Bank
—
—
10 Evergreen LLC
—
Deed Of Trust
related
$3,975,000 · Sterling Bank & Trust Fsb
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.
Try Rey
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