5019 AllenAllen Park, MI 48101

  • Office buildings
  • 1,710 SF
Off market
$1,502,820 Estimated

Property Details for 5019 Allen

Year built
1945
Lot size
0.15 AC
Property size (Sq ft)
1,710 SF
Zone code
C 4
Property type
Office buildings
APN
30 009 06 0419 301
APU
30009060419301

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $403,076
    6.5%
    $372,070
    7%
    $345,493
  • Comparable approach

    Method
    Valuation
    Relative Method
    $159,953
    Geo Method
    $159,953
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $701,337
    Retail / Commercial
    $365,747
    Mixed-Use / Specialty
    $369,253
    Hospitality / Lodging
    $277,172
    Institutional / Educational
    $385,594
    Residential Income
    $451,145
    Multifamily
    $514,410
    Automotive / Energy
    $330,509
    Parking / Income-Based Land
    $109,302
    Restaurant / Food Service
    $202,318
    Healthcare / Senior Housing
    $373,729

Location Insight

City
Allen Park
County
Wayne
State
Michigan
Latitude
42.2658
Longitude
-83.2
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
$2,985
-
-
$75,500
-
-
-
$151,000

FAQs

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