3572 12th MileBerkley, MI 48072

  • Auto shops
  • 3,101 SF
Off market
$3,706,910 Estimated

Property Details for 3572 12th Mile

Year built
1947
Lot size
0.37 AC
Property size (Sq ft)
3,101 SF
Zone code
BI
Property type
Auto shops
APN
04-25-07-384-042
APU
42507384042

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $694,595
    6.5%
    $641,165
    7%
    $595,368
  • Comparable approach

    Method
    Valuation
    Relative Method
    $301,670
    Geo Method
    $301,670
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,232,280
    Mixed-Use / Specialty
    $646,177
    Hospitality / Lodging
    $483,580
    Office
    $649,939
    Institutional / Educational
    $674,372
    Residential Income
    $789,015
    Multifamily
    $905,845
    Automotive / Energy
    $578,033
    Parking / Income-Based Land
    $192,262
    Restaurant / Food Service
    $351,656
    Healthcare / Senior Housing
    $655,159

Location Insight

City
Berkley
County
Oakland
State
Michigan
Latitude
42.5032
Longitude
-83.1955
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
$8,158
-
-
$188,650
-
-
-
$377,300

FAQs

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