28340 FrdGarden City, MI 48135

  • Turn key restaurants
  • 8,169 SF
Off market
$6,011,280 Estimated

Property Details for 28340 Frd

Year built
1970
Lot size
0.60 AC
Property size (Sq ft)
8,169 SF
Property type
Turn key restaurants
APN
35 011 03 0014 000
APU
35011030014000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,586,970
    6.5%
    $1,464,890
    7%
    $1,360,260
  • Comparable approach

    Method
    Valuation
    Relative Method
    $794,693
    Geo Method
    $794,693
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,842,120
    Mixed-Use / Specialty
    $1,465,560
    Hospitality / Lodging
    $1,082,890
    Office
    $1,462,980
    Institutional / Educational
    $1,525,690
    Residential Income
    $1,785,060
    Multifamily
    $2,108,280
    Automotive / Energy
    $1,307,730
    Parking / Income-Based Land
    $445,470
    Restaurant / Food Service
    $774,804
    Healthcare / Senior Housing
    $1,496,870

Location Insight

City
Garden City
County
Wayne
State
Michigan
Latitude
42.3262
Longitude
-83.3207
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
2019
$20,654
-
-
$406,600
-
-
-
$813,200

FAQs

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