3810 OakwoodMelvindale, MI 48122

  • Drive through restaurants
  • 1,507 SF
Off market
$2,104,040 Estimated

Property Details for 3810 Oakwood

Lot size
0.21 AC
Property size (Sq ft)
1,507 SF
Zone code
R1 1 FA
Property type
Drive through restaurants
APN
47 009 05 0029 303
APU
47009050029303

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $349,188
    6.5%
    $322,328
    7%
    $299,304
  • Comparable approach

    Method
    Valuation
    Relative Method
    $146,603
    Geo Method
    $146,603
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $618,079
    Mixed-Use / Specialty
    $325,418
    Hospitality / Lodging
    $244,268
    Office
    $327,900
    Institutional / Educational
    $339,819
    Residential Income
    $397,588
    Multifamily
    $453,343
    Automotive / Energy
    $291,273
    Parking / Income-Based Land
    $96,326.30
    Restaurant / Food Service
    $178,300
    Healthcare / Senior Housing
    $329,362

Location Insight

City
Melvindale
County
Wayne
State
Michigan
Latitude
42.2809
Longitude
-83.1862
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
$5,663
-
-
$70,000
-
-
-
$140,000

FAQs

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