Royal Oak, MI 48073

  • Industrial properties
  • 0.50 AC
Off market
$5,049,420 Estimated

Property Details

Lot size
0.50 AC
Zone code
GEN IND
Property type
Industrial properties
APN
72-20-32-328-019
APU
722032328019

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,754,530
    6.5%
    $9,004,180
    7%
    $8,361,030
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,285,720
    Geo Method
    $3,285,720
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $4,695,670
    Mixed-Use / Specialty
    $4,740,690
    Hospitality / Lodging
    $3,558,500
    Office
    $4,776,860
    Institutional / Educational
    $4,950,480
    Residential Income
    $5,792,060
    Multifamily
    $6,604,310
    Automotive / Energy
    $4,243,270
    Parking / Income-Based Land
    $1,403,280
    Restaurant / Food Service
    $2,597,480
    Healthcare / Senior Housing
    $4,798,160

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.536
Longitude
-83.1769
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
2021
$1,320
-
-
$50,830
-
-
-
$101,660

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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