73160 FultonArmada, MI 48005

  • Gas stations
  • 8,134 SF
Off market
$8,796,580 Estimated

Property Details for 73160 Fulton

Year built
1993
Lot size
0.88 AC
Property size (Sq ft)
8,134 SF
Zone code
MI
Property type
Gas stations
APN
25-02-24-354-003
APU
250224354003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,884,740
    6.5%
    $1,739,760
    7%
    $1,615,490
  • Comparable approach

    Method
    Valuation
    Relative Method
    $791,289
    Geo Method
    $791,289
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,336,070
    Mixed-Use / Specialty
    $1,756,440
    Hospitality / Lodging
    $1,318,430
    Office
    $1,769,830
    Institutional / Educational
    $1,834,160
    Residential Income
    $2,145,970
    Multifamily
    $2,446,910
    Automotive / Energy
    $1,572,140
    Parking / Income-Based Land
    $519,919
    Restaurant / Food Service
    $962,370
    Healthcare / Senior Housing
    $1,777,730

Location Insight

City
Armada
County
Macomb
State
Michigan
Latitude
42.8363
Longitude
-82.8838
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,248
-
-
$155,100
-
-
-
$310,200

FAQs

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