13175 MiddlebeltRomulus, MI 48174

  • Turn key restaurants
  • 2,990 SF
Off market
$8,816,590 Estimated

Property Details for 13175 Middlebelt

Year built
1972
Lot size
0.88 AC
Property size (Sq ft)
2,990 SF
Zone code
C2-GEN
Property type
Turn key restaurants
APN
80 098 99 0027 000
APU
80098990027000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $752,422
    6.5%
    $694,544
    7%
    $644,933
  • Comparable approach

    Method
    Valuation
    Relative Method
    $704,805
    Geo Method
    $704,805
  • Alternative Use

    Use
    Valuation
    Residential
    $585,874
    Hospitality
    $536,657
    Educational
    $446,492
    Medical
    $461,848
    Retail
    $694,544
13175 Middlebelt, Romulus, Michigan

Location Insight

City
Romulus
County
Wayne
State
Michigan
Latitude
42.2091
Longitude
-83.3255
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
$10,624
-
-
$166,300
-
-
-
$332,600

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