Property profile

31800 Wick Rd Romulus, MI 48174

OFF-MARKET
Hotels
Property ID
US43-0887945
61,455 SF 3.81 ac lot Built 1986
Entity Owned 13-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1986
Total area 61,455 SF
Lot 3.81 ac (165,964 SF)
Zoning code RC-REG
APN 80 040 99 0011 705
UPID US43-0887945

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
  • Atm
  • Hotel & Motel
  • Restaurant
  • Hotel & Motel

Location

31800 Wick Rd Romulus, MI 48174-1925
Romulus metro Census 585700 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
$2.81M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2012
7 recorded transactions
2022
Price N/A
2018
Price N/A
2016
Price N/A
2012
$1.6M
2012
Price N/A
2012
$1.6M
1969
Price N/A

Zoning & alternative use

RC-REG · Romulus, MI

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
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?”
You own 31800 Wick Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message