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Property profile & analytics
FOR SALE
Motels
28710 Van Dyke Ave Warren, MI 48093
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0119431
For Sale
1 / 8
$2,200,000
28710 Van Dyke Ave, Warren, MI 48093
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Total area
7,709 SF
Lot
0.62 ac (27,051 SF)
Zoning code
C-2
APN
12-13-15-103-001
UPID
US43-0119431
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
-
tech center motel Hotel & Motel
-
Van Dyke Extended Stay Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Van Dyke Motel INC · 5 yrs held
Van Dyke Motel INC
since 2020
Last sale
$635,000
2 recorded transactions
Zoning & alternative use
C-2 · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: 0% · Conversion: Difficult
RESTAURANT
$665,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $635k (Dec 14 2020)
Last sale anchor
$635k
Dec 14 2020
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
$81 / 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
$14,620
Tax year 2022
Assessed value
$229,500
Assessed 2023
Previous assessed
$215,780
+6.4% YoY
Effective rate
6.37%
On assessed value
Total market value
$459,000
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
For Sale
Year built
1953
Heating
FORCED AIR
Stories
1
Bathrooms
21
Total area
7,709 SF
Lot
0.62 ac (27,051 SF)
Zoning code
C-2
APN
12-13-15-103-001
UPID
US43-0119431
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Warren, MI
Zoning C-2 · permitted uses
C-2 · Warren, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING
Est. value
$730,000
RESTAURANT
Est. value
$665,000
MEDICAL BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$500,000
RETAIL STORES
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1953
Heating
FORCED AIR
Stories
1
Bathrooms
21
Lot
0.62 ac
Current owner
From public records · entity-resolved
Van Dyke Motel INC
Entity
Mailing address
28710 VAN DYKE AVE, WARREN, MI 48093-2705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Van Dyke Motel INC
—
Deed
related
$658,000 · Community Choice Cu
Dec 14, 2020
$635,000
Van Dyke Motel INC
Suresh Valsadia
Warranty Deed
$250,000 · Gorr Robert E Trust (rt)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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