113 MainRomeo, MI 48065

  • Retail space
  • 2,113 SF
Off market
$1,242,230 Estimated

Property Details for 113 Main

Year built
1900
Lot size
0.12 AC
Property size (Sq ft)
2,113 SF
Zone code
VILLAGE
Property type
Retail space
APN
28-04-02-127-017
APU
280402127017

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $489,605
    6.5%
    $451,943
    7%
    $419,661
  • Comparable approach

    Method
    Valuation
    Relative Method
    $205,556
    Geo Method
    $205,556
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $866,623
    Mixed-Use / Specialty
    $456,276
    Hospitality / Lodging
    $342,494
    Office
    $459,757
    Institutional / Educational
    $476,468
    Residential Income
    $557,467
    Multifamily
    $635,643
    Automotive / Energy
    $408,401
    Parking / Income-Based Land
    $135,061
    Restaurant / Food Service
    $249,999
    Healthcare / Senior Housing
    $461,807

Location Insight

City
Romeo
County
Macomb
State
Michigan
Latitude
42.8021
Longitude
-83.013
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
$2,764
-
-
$107,900
-
-
-
$215,800

FAQs

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