Property profile

28100 Franklin Rd Southfield, MI 48034

OFF-MARKET
Hotels
Property ID
US43-0154344
205,614 SF 5.36 ac lot Built 1986
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1986
Total area 205,614 SF
Lot 5.36 ac (233,482 SF)
Zoning code RC
APN 76-24-17-151-005
UPID US43-0154344

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
  • Embassy

Location

28100 Franklin Rd Southfield, MI 48034-5501
Southfield metro Census 160400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$1.51M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2013
Price N/A
2011
Price N/A
2010
$6.0M
2000
Price N/A

Zoning & alternative use

RC · Southfield, MI
Zoning description

The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and…

General category PLANNED_DEVELOPMENT

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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