Property profile

883 Dix Hwy Lincoln Park, MI 48146

OFF-MARKET
Motels
Property ID
US43-5275219
7,918 SF 0.69 ac lot Built 1947
Entity Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1947
Total area 7,918 SF
Lot 0.69 ac (30,056 SF)
APN 45 004 02 0395 000
UPID US43-5275219

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

883 Dix Hwy Lincoln Park, MI 48146-1212
Lincoln Park metro Census 577200 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
$539k
Blend (final) Blend
$320k

Owner & transaction history

since 2007
1 recorded transaction
2007
$365,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $870,000 +76.8%
Restaurant $820,000 +66.6%
Retail stores $770,000 +57.0%

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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