1111 9th MileFerndale, MI 48220

  • Medical offices
  • 2,403 SF
Off market
$337,460 Estimated

Property Details for 1111 9th Mile

Year built
1965
Lot size
0.30 AC
Property size (Sq ft)
2,403 SF
Zone code
BI
Property type
Medical offices
Property subtype
Medical centers
APN
24-25-33-201-031
APU
242533201031

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $566,427
    6.5%
    $522,856
    7%
    $485,509
  • Comparable approach

    Method
    Valuation
    Relative Method
    $224,777
    Geo Method
    $224,777
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $985,563
    Retail / Commercial
    $513,970
    Mixed-Use / Specialty
    $518,898
    Hospitality / Lodging
    $389,500
    Institutional / Educational
    $541,861
    Residential Income
    $633,977
    Multifamily
    $722,882
    Automotive / Energy
    $464,452
    Parking / Income-Based Land
    $153,598
    Restaurant / Food Service
    $284,310
    Healthcare / Senior Housing
    $525,188

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4601
Longitude
-83.1484
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
$16,515
-
-
$337,460
-
-
-
$674,920

FAQs

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