500 MainRoyal Oak, MI 48067
- Turn key restaurants
- 46,894 SF
Off market
$6,432,670 Estimated
Property Details for 500 Main
- Year built
- 2001
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 46,894 SF
- Zone code
- CBD
- Property type
- Turn key restaurants
- APN
- 72-25-21-280-004
- APU
- 722521280004
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $10,865,800
- 6.5%
- $10,030,000
- 7%
- $9,313,580
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,561,920
- Geo Method
- $4,561,920
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $19,233,000
- Mixed-Use / Specialty
- $10,126,200
- Hospitality / Lodging
- $7,601,000
- Office
- $10,203,400
- Institutional / Educational
- $10,574,300
- Residential Income
- $12,371,900
- Multifamily
- $14,106,900
- Automotive / Energy
- $9,063,680
- Parking / Income-Based Land
- $2,997,430
- Restaurant / Food Service
- $5,548,240
- Healthcare / Senior Housing
- $10,248,900
Location Insight
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Latitude
- 42.4861
- Longitude
- -83.1445
- 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
$195,492
-
-
$6,432,670
-
-
-
$12,865,340
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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