31040 River RdHarrison Township, MI 48045

  • Office buildings
  • 2,477 SF

Property Details for 31040 River Rd

Year built
1965
Lot size
1.34 AC
Property size (Sq ft)
2,477 SF
Zone code
RES CONVERSIO
Property type
Office buildings
APN
17-12-16-254-013
APU
171216254013

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $515,180
    6.5%
    $475,551
    7%
    $441,583
  • Comparable approach

    Method
    Valuation
    Relative Method
    $231,699
    Geo Method
    $231,699
  • Alternative Use

    Use
    Valuation
    Residential Income
    $589,683
    Hospitality / Lodging
    $540,146
    Institutional / Educational
    $449,395
    Healthcare / Senior Housing
    $464,851
    Retail / Commercial
    $699,059

Location Insight

City
Harrison Township
County
Macomb
State
Michigan
Latitude
42.596
Longitude
-82.8018
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
$5,098
-
-
$197,400
-
-
-
$394,800

FAQs

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