19975 Victor PkwyLivonia, MI 48152
- Office buildings
- 100,448 SF
Property Details for 19975 Victor Pkwy
- Year built
- 1996
- Lot size
- 13.18 AC
- Property size (Sq ft)
- 100,448 SF
- Property type
- Office buildings
- APN
- 46 024 01 0002 000
- APU
- 46024010002000
Description
This exceptional Class A office building, located at 19975 Victor Parkway in Livonia, Michigan, offers 100,597 square feet of meticulously maintained space. Ideal for a corporate headquarters, this property boasts recently refurbished interiors, featuring new carpeting and paint throughout. The building provides ample parking with convenient access via multiple entrances, ensuring ease of use for employees and clients. Its strategic location offers unparalleled connectivity, with close proximity to major freeways including I-275, I-696, I-96, and M-5, facilitating seamless commutes. The surrounding area is rich with amenities, including a wide array of restaurants, hotels, banks, and retail establishments, enhancing the convenience and appeal of this location. Furthermore, the P0-3 zoning designation presents a compelling redevelopment opportunity for forward-thinking investors. This property represents a rare combination of prime location, modern amenities, and significant potential, making it an exceptional investment opportunity in the thriving Livonia market. The building's address is 48152, Wayne County, Michigan.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $19,488,200
- 6.5%
- $17,989,100
- 7%
- $16,704,200
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,395,910
- Geo Method
- $9,395,910
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $34,947,500
- Retail / Commercial
- $18,012,700
- Mixed-Use / Specialty
- $18,020,800
- Hospitality / Lodging
- $13,315,500
- Institutional / Educational
- $18,760,300
- Residential Income
- $21,949,500
- Multifamily
- $25,923,900
- Automotive / Energy
- $16,080,200
- Parking / Income-Based Land
- $5,477,610
- Restaurant / Food Service
- $9,527,180
- Healthcare / Senior Housing
- $18,405,800
Location Insight
- City
- Livonia
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4336
- Longitude
- -83.4232
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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