5405 OakmanDearborn, MI 48126

  • Auto shops
  • 9,821 SF
Off market
$4,909,120 Estimated

Property Details for 5405 Oakman

Year built
1940
Lot size
0.49 AC
Property size (Sq ft)
9,821 SF
Zone code
BA
Property type
Auto shops
APN
82 10 171 07 021
APU
821017107021

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,002,658
    6.5%
    $2,771,684
    7%
    $2,573,707
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,315,014
    Geo Method
    $2,315,014
  • Alternative Use

    Use
    Valuation
    Residential
    $2,338,020
    Hospitality
    $2,141,613
    Educational
    $1,781,797
    Medical
    $1,843,076
    Retail
    $2,771,684

Location Insight

City
Dearborn
County
Wayne
State
Michigan
Latitude
42.3278
Longitude
-83.1695
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
$6,378
-
-
$221,900
-
-
-
$443,800

FAQs

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