16500 32nd MileRay, MI 48096

  • Grocery and convenience stores
  • 3,025 SF
Off market

Property Details for 16500 32nd Mile

Year built
1994
Lot size
5.00 AC
Property size (Sq ft)
3,025 SF
Zone code
B-2
Property type
Grocery and convenience stores
APN
21-05-06-226-005
APU
210506226005

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $924,859
    6.5%
    $853,716
    7%
    $792,736
  • Comparable approach

    Method
    Valuation
    Relative Method
    $713,055
    Geo Method
    $713,055
  • Alternative Use

    Use
    Valuation
    Residential
    $720,141
    Hospitality
    $659,646
    Educational
    $548,818
    Medical
    $567,692
    Retail
    $853,716

Location Insight

City
Ray
County
Macomb
State
Michigan
Latitude
42.8044
Longitude
-82.9634
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
2022
$14,555
-
-
$335,400
-
-
-
$670,800

FAQs

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