4328 OakwoodMelvindale, MI 48122

  • Bars
  • 4,000 SF
Off market
$2,805,310 Estimated

Property Details for 4328 Oakwood

Lot size
0.28 AC
Property size (Sq ft)
4,000 SF
Zone code
R1 1 FA
Property type
Bars
Property subtype
Pubs
APN
47 009 03 0816 301
APU
47009030816301

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $926,843
    6.5%
    $855,548
    7%
    $794,437
  • Comparable approach

    Method
    Valuation
    Relative Method
    $389,126
    Geo Method
    $389,126
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,640,550
    Mixed-Use / Specialty
    $863,750
    Hospitality / Lodging
    $648,356
    Office
    $870,339
    Institutional / Educational
    $901,974
    Residential Income
    $1,055,310
    Multifamily
    $1,203,300
    Automotive / Energy
    $773,120
    Parking / Income-Based Land
    $255,677
    Restaurant / Food Service
    $473,258
    Healthcare / Senior Housing
    $874,220

Location Insight

City
Melvindale
County
Wayne
State
Michigan
Latitude
42.2832
Longitude
-83.1913
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
$10,241
-
-
$125,200
-
-
-
$250,400

FAQs

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