New search
Property profile & analytics
OFF-MARKET
Estimated value
$21,595,000
Hotels
600 Town Ctr Dr, Dearborn, MI 48126-2718
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1600792
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Total area
810,000 SF
Lot
23.15 ac (1,008,414 SF)
Zoning code
BC
APN
82 09 232 01 003
UPID
US43-1600792
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
-
Encore Rental Equipment Company Tech Support Center
-
Hyatt Regency Dearborn Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.94M
Blend (final)
Blend
$21.60M
Owner & transaction history
Willowbrook LLC · 1 yrs held
Willowbrook LLC
since 2024
7 recorded transactions
Zoning & alternative use
BC · Dearborn, 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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
$18,250,000
ML approach
$18,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.60M
Range $19.44M – $23.75M · ±10%
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
$27 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$461,020
Tax year 2023
Assessed value
$7,422,400
Assessed 2024
Previous assessed
$7,204,600
+3.0% YoY
Effective rate
6.21%
On assessed value
Total market value
$14,844,800
Applied tax rate
82,030.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Stories
18
Total area
810,000 SF
Lot
23.15 ac (1,008,414 SF)
Zoning code
BC
APN
82 09 232 01 003
UPID
US43-1600792
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
BC · Dearborn, MI
Zoning BC · permitted uses
BC · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Stories
18
Lot
23.15 ac
Current owner
From public records · entity-resolved
Willowbrook LLC
Entity
Free & Clear · 1 yrs held
Mailing address
700 FRST AVE STE 403B, BIRMINGHAM, MI 48009-6444
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Ld Telecom Propco 2 LLC
—
Deed
related
$650,000,000 · Wilmington Trust NA
Nov 13, 2024
—
Willowbrook LLC
Fund Investment 147 LLC
Quitclaim Deed
related
—
Oct 31, 2024
—
Willowbrook LLC
Fund Investment 147 LLC
Deed
$3,550,000 · Fund Investment 147 LLC
Jun 27, 2024
$9,850,000
Fund Investment 147 LLC
Rh Dearborn Redevelopment LLC
Sheriffs Deed
related
—
Nov 10, 2021
$18,250,000
Rh Dearborn Redevelopment LLC
United States Marshals Service
Deed
$16,490,000 · Fund Investment 147 LLC
Jan 21, 2016
$20,000,000
600 Town Center Realty LLC
Royal Realty LLC
Warranty Deed
—
Feb 6, 2013
—
Royal Realties LLC
—
Trustees Deed
related
$25,000,000 · Feralto Trading INC
Jun 29, 2011
—
Royal Realties LLC
Dearborn Hotel Partner LP
Grant Deed
—
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?”
You own 600 Town Ctr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
