Property profile

38300 Grand Riv Ave Farmington, MI 48335

OFF-MARKET
Motels
Property ID
US43-1728111
32,852 SF 1.74 ac lot Built 1985
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1985
Total area 32,852 SF
Lot 1.74 ac (75,794 SF)
Zoning code BI
APN 22-23-19-451-043
UPID US43-1728111

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

38300 Grand Riv Ave Farmington, MI 48335-1514
Farmington metro Census 168400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$977k
Blend (final) Blend
$975k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2012
Price N/A
2012
Price N/A
1998
Price N/A

Zoning & alternative use

BI · Farmington, 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
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