2955 OakwoodMelvindale, MI 48122
- Grocery and convenience stores
- 5,040 SF
Off market
$4,107,800 Estimated
Property Details for 2955 Oakwood
- Year built
- 2004
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 5,040 SF
- Zone code
- R1 1 FA
- Property type
- Grocery and convenience stores
- APN
- 47 006 02 0122 301
- APU
- 47006020122301
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,167,820
- 6.5%
- $1,077,990
- 7%
- $1,000,990
-
Comparable approach
- Method
- Valuation
- Relative Method
- $490,299
- Geo Method
- $490,299
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,067,100
- Mixed-Use / Specialty
- $1,088,330
- Hospitality / Lodging
- $816,929
- Office
- $1,096,630
- Institutional / Educational
- $1,136,490
- Residential Income
- $1,329,690
- Multifamily
- $1,516,160
- Automotive / Energy
- $974,132
- Parking / Income-Based Land
- $322,153
- Restaurant / Food Service
- $596,305
- Healthcare / Senior Housing
- $1,101,520
Location Insight
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2825
- Longitude
- -83.174
- 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
$6,871
-
-
$145,900
-
-
-
$291,800
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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