Property profile

29101 Commerce Dr Flat Rock, MI 48134

OFF-MARKET
Hotels
Property ID
US43-1782635
26,106 SF 1.02 ac lot Built 1996
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1996
Total area 26,106 SF
Lot 1.02 ac (44,431 SF)
APN 58 130 99 0001 715
UPID US43-1782635

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

Location

29101 Commerce Dr Flat Rock, MI 48134-2749
Flat Rock metro Census 982000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.22M
Blend (final) Blend
$695k

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $3.2M +95.8%
Medical building $2.5M +51.5%
Office building $2.3M +41.2%

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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