12003 Huron RivRomulus, MI 48174

  • Auto shops
  • 1,488 SF
Off market
$4,007,520 Estimated

Property Details for 12003 Huron Riv

Year built
1946
Lot size
0.40 AC
Property size (Sq ft)
1,488 SF
Zone code
CBD-3
Property type
Auto shops
APN
80 079 01 0001 000
APU
80079010001000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $289,070
    6.5%
    $266,833
    7%
    $247,774
  • Comparable approach

    Method
    Valuation
    Relative Method
    $144,755
    Geo Method
    $144,755
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $517,699
    Mixed-Use / Specialty
    $266,954
    Hospitality / Lodging
    $197,251
    Office
    $266,484
    Institutional / Educational
    $277,908
    Residential Income
    $325,152
    Multifamily
    $384,028
    Automotive / Energy
    $238,206
    Parking / Income-Based Land
    $81,143.20
    Restaurant / Food Service
    $141,132
    Healthcare / Senior Housing
    $272,657

Location Insight

City
Romulus
County
Wayne
State
Michigan
Latitude
42.2156
Longitude
-83.4045
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
$3,117
-
-
$51,200
-
-
-
$102,400

FAQs

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