11000 8th MileFerndale, MI 48220
- Hospitality properties
- 100,795 SF
Off market
$43,181,120 Estimated
Property Details for 11000 8th Mile
- Year built
- 1967
- Lot size
- 4.31 AC
- Property size (Sq ft)
- 100,795 SF
- Zone code
- BI
- Property type
- Hospitality properties
- Property subtype
- Motels
- APN
- S -25-32-451-002
- APU
- S2532451002
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $23,811,484
- 6.5%
- $21,979,830
- 7%
- $20,409,842
-
Comparable approach
- Method
- Valuation
- Relative Method
- $22,156,656
- Geo Method
- $22,156,656
-
Alternative Use
- Use
- Valuation
- Residential
- $23,995,590
- Hospitality
- $21,979,830
- Educational
- $18,286,962
- Medical
- $18,915,878
- Retail
- $28,446,384
11000 8th Mile, Ferndale, Michigan
Location Insight
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Latitude
- 42.4466
- Longitude
- -83.1703
- 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
$56,969
-
-
$985,160
-
-
-
$1,970,320
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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