6278 MiddlebeltGarden City, MI 48135

  • Bars
  • 3,220 SF
Off market
$12,723,830 Estimated

Property Details for 6278 Middlebelt

Year built
1929
Lot size
1.27 AC
Property size (Sq ft)
3,220 SF
Property type
Bars
Property subtype
Pubs
APN
35 010 01 0024 003
APU
35010010024003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $625,540
    6.5%
    $577,422
    7%
    $536,177
  • Comparable approach

    Method
    Valuation
    Relative Method
    $313,247
    Geo Method
    $313,247
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,120,290
    Mixed-Use / Specialty
    $577,682
    Hospitality / Lodging
    $426,847
    Office
    $576,666
    Institutional / Educational
    $601,386
    Residential Income
    $703,622
    Multifamily
    $831,028
    Automotive / Energy
    $515,474
    Parking / Income-Based Land
    $175,592
    Restaurant / Food Service
    $305,407
    Healthcare / Senior Housing
    $590,024

Location Insight

City
Garden City
County
Wayne
State
Michigan
Latitude
42.332
Longitude
-83.3299
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
$5,836
-
-
$191,500
-
-
-
$383,000

FAQs

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