Property profile

45501 Interstate 94th Service Dr Van Buren Township, MI 48111

OFF-MARKET
Motels
Property ID
US43-1481776
35,424 SF 3.25 ac lot Built 1987
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1987
Total area 35,424 SF
Lot 3.25 ac (141,570 SF)
Zoning code C2 EXT
APN 83 064 99 0004 007
UPID US43-1481776

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
  • Hotel & Motel

Location

45501 Interstate 94th Service Dr Van Buren Township, MI 48111-2466
Van Buren Township metro Census 588102 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
$3.45M
Blend (final) Blend
$1.55M

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2011
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

C2 EXT · Van Buren Township, MI
Top alternative use upside
Commercial (general) $3.9M +76.8%
Restaurant $3.7M +66.6%
Office building $3.4M +56.3%

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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