19001 8th MileEastpointe, MI 48021

  • Office buildings
  • 8,640 SF
Off market
$3,677,010 Estimated

Property Details for 19001 8th Mile

Year built
1970
Lot size
0.37 AC
Property size (Sq ft)
8,640 SF
Zone code
B-1
Property type
Office buildings
APN
02-14-32-477-009
APU
21432477009

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,036,590
    6.5%
    $1,879,930
    7%
    $1,745,650
  • Comparable approach

    Method
    Valuation
    Relative Method
    $808,186
    Geo Method
    $808,186
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,543,600
    Retail / Commercial
    $1,847,980
    Mixed-Use / Specialty
    $1,865,700
    Hospitality / Lodging
    $1,400,450
    Institutional / Educational
    $1,948,260
    Residential Income
    $2,279,470
    Multifamily
    $2,599,130
    Automotive / Energy
    $1,669,940
    Parking / Income-Based Land
    $552,262
    Restaurant / Food Service
    $1,022,240
    Healthcare / Senior Housing
    $1,888,320

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.4509
Longitude
-82.9291
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
$17,273
-
-
$321,100
-
-
-
$642,200

FAQs

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