100 MainRomeo, MI 48065

  • Government properties
  • 5,220 SF
Off market
$377,500 Estimated

Property Details for 100 Main

Year built
1880
Lot size
0.34 AC
Property size (Sq ft)
5,220 SF
Zone code
VILLAGE
Property type
Government properties
APN
28-04-02-126-024
APU
280402126024

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,230,440
    6.5%
    $1,135,790
    7%
    $1,054,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $488,279
    Geo Method
    $488,279
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,140,920
    Retail / Commercial
    $1,116,490
    Mixed-Use / Specialty
    $1,127,190
    Hospitality / Lodging
    $846,105
    Office
    $1,135,790
    Institutional / Educational
    $1,177,080
    Residential Income
    $1,377,180
    Multifamily
    $1,570,310
    Automotive / Energy
    $1,008,920
    Parking / Income-Based Land
    $333,659
    Restaurant / Food Service
    $617,602
    Healthcare / Senior Housing
    $1,140,860

Location Insight

City
Romeo
County
Macomb
State
Michigan
Latitude
42.8025
Longitude
-83.0138
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
$7,349
-
-
$377,500
-
-
-
$755,000

FAQs

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