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Property profile & analytics
OFF-MARKET
Estimated value
$5,280,000
Hotels
7800 Merriman Rd, Romulus, MI 48174-1969
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1839895
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
54,143 SF
Lot
2.52 ac (109,771 SF)
Zoning code
RC-REG
APN
80 037 99 0028 714
UPID
US43-1839895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$5.28M
Owner & transaction history
Orchard Commons Investments LLC · 2 yrs held
Orchard Commons Investments LLC
since 2023
2 recorded transactions
Zoning & alternative use
RC-REG · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+95.8%
Medical building
$5.1M
+51.5%
Office building
$4.8M
+41.2%
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 Romulus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Romulus 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,365,000
Current use
COMMERCIAL (GENERAL)
$6,585,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$5,100,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$4,750,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$4,450,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,310,000
Change: +28% · Conversion: Difficult
RESTAURANT
$4,175,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$5.28M
Range $4.75M – $5.81M · ±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
$98 / 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
$160,549
Tax year 2023
Assessed value
$2,478,000
Assessed 2024
Previous assessed
$2,282,000
+8.6% YoY
Effective rate
6.48%
On assessed value
Total market value
$4,956,000
Applied tax rate
82,130.0000
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
2006
Heating
FORCED AIR
Stories
3
Total area
54,143 SF
Lot
2.52 ac (109,771 SF)
Zoning code
RC-REG
APN
80 037 99 0028 714
UPID
US43-1839895
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
RC-REG · Romulus, MI
Zoning RC-REG · permitted uses
RC-REG · Romulus, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Romulus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RESTAURANT
Est. value
$4.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
3
Lot
2.52 ac
Current owner
From public records · entity-resolved
Orchard Commons Investments LLC
Entity
Mailing address
29200 NORTHWESTERN HWY STE #450, SOUTHFIELD, MI 48034-1075
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Orchard Commons Investments LLC
—
Deed
related
$115,000,000 · Independent Bank
Jan 19, 2012
—
Orchard Commons Invs LLC
—
Deed Of Trust
related
$6,200,000 · Tcf National Bank
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.
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