819 12th MileMadison Heights, MI 48071

  • Office buildings
  • 1,842 SF
Off market
$1,903,480 Estimated

Property Details for 819 12th Mile

Year built
1958
Lot size
0.19 AC
Property size (Sq ft)
1,842 SF
Zone code
0-1 OFF
Property type
Office buildings
APN
44-25-12-378-024
APU
442512378024

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $383,109
    6.5%
    $353,639
    7%
    $328,379
  • Comparable approach

    Method
    Valuation
    Relative Method
    $172,301
    Geo Method
    $172,301
  • Alternative Use

    Use
    Valuation
    Residential
    $438,513
    Hospitality
    $401,675
    Educational
    $334,189
    Medical
    $345,682
    Retail
    $519,850

Location Insight

City
Madison Heights
County
Oakland
State
Michigan
Latitude
42.5052
Longitude
-83.0986
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
$4,566
-
-
$80,210
-
-
-
$160,420

FAQs

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