PleasantRiver Rouge, MI 48218

  • Industrial land
  • 2.20 AC
Off market
$22,041,360 Estimated

Property Details for Pleasant

Lot size
2.20 AC
Zone code
M1 LITE
Property type
Industrial land
APN
50 007 99 0015 702
APU
50007990015702

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $43,439,800
    6.5%
    $40,098,200
    7%
    $37,234,100
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,342,600
    Geo Method
    $14,342,600
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $19,945,000
    Mixed-Use / Specialty
    $19,387,500
    Hospitality / Lodging
    $13,590,700
    Office
    $18,765,700
    Institutional / Educational
    $19,981,300
    Residential Income
    $23,378,200
    Multifamily
    $30,734,900
    Automotive / Energy
    $17,126,900
    Parking / Income-Based Land
    $6,390,800
    Restaurant / Food Service
    $9,045,560
    Healthcare / Senior Housing
    $20,380,300

Location Insight

City
River Rouge
County
Wayne
State
Michigan
Latitude
42.2811
Longitude
-83.1359
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
$3,080
-
-
$32,600
-
-
-
$65,200

FAQs

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