15510 FarmingtonLivonia, MI 48154

  • Office buildings
  • 2,014 SF
Off market
$4,007,520 Estimated

Property Details for 15510 Farmington

Year built
1973
Construction
BRICK
Lot size
0.40 AC
Property size (Sq ft)
2,014 SF
Property type
Office buildings
APN
46 059 01 0006 001
APU
46059010006001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $390,742
    6.5%
    $360,685
    7%
    $334,922
  • Comparable approach

    Method
    Valuation
    Relative Method
    $188,390
    Geo Method
    $188,390
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $700,702
    Retail / Commercial
    $361,158
    Mixed-Use / Specialty
    $361,321
    Hospitality / Lodging
    $266,978
    Institutional / Educational
    $376,146
    Residential Income
    $440,091
    Multifamily
    $519,780
    Automotive / Energy
    $322,411
    Parking / Income-Based Land
    $109,827
    Restaurant / Food Service
    $191,022
    Healthcare / Senior Housing
    $369,040

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.3992
Longitude
-83.373
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
$8,600
-
-
$164,200
-
-
-
$328,400

FAQs

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