40500 ProductionHarrison Township, MI 48045

  • Flex space
  • 10,000 SF
Off market
$6,201,720 Estimated

Property Details for 40500 Production

Year built
1976
Lot size
0.62 AC
Property size (Sq ft)
10,000 SF
Zone code
FLEX MALL
Property type
Flex space
APN
17-12-18-151-015
APU
171218151015

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,443,170
    6.5%
    $4,101,390
    7%
    $3,808,430
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,496,640
    Geo Method
    $1,496,640
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $2,138,870
    Mixed-Use / Specialty
    $2,159,380
    Hospitality / Lodging
    $1,620,890
    Office
    $2,175,850
    Institutional / Educational
    $2,254,930
    Residential Income
    $2,638,270
    Multifamily
    $3,008,250
    Automotive / Energy
    $1,932,800
    Parking / Income-Based Land
    $639,193
    Restaurant / Food Service
    $1,183,150
    Healthcare / Senior Housing
    $2,185,550

Location Insight

City
Harrison Township
County
Macomb
State
Michigan
Latitude
42.595
Longitude
-82.853
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
$11,787
-
-
$248,600
-
-
-
$497,200

FAQs

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