219 MainRoyal Oak, MI 48067

  • Retail properties
  • 16,308 SF
Off market
$1,475,850 Estimated

Property Details for 219 Main

Year built
1922
Lot size
0.13 AC
Property size (Sq ft)
16,308 SF
Zone code
CBD
Property type
Retail properties
Property subtype
Bars
APN
72-25-22-102-006
APU
722522102006

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,985,984
    6.5%
    $4,602,447
    7%
    $4,273,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,844,135
    Geo Method
    $3,844,135
  • Alternative Use

    Use
    Valuation
    Residential
    $3,882,336
    Hospitality
    $3,556,199
    Educational
    $2,958,716
    Medical
    $3,060,470
    Retail
    $4,602,447
219 Main, Royal Oak, Michigan

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.4884
Longitude
-83.1439
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
2023
$59,298
-
-
$1,475,850
-
-
-
$2,951,700

FAQs

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