701 9th MileFerndale, MI 48220
- Super regional malls
- 22,729 SF
Off market
$14,426,980 Estimated
Property Details for 701 9th Mile
- Year built
- 1987
- Lot size
- 1.44 AC
- Property size (Sq ft)
- 22,729 SF
- Zone code
- BI
- Property type
- Super regional malls
- APN
- 24-25-27-492-008
- APU
- 242527492008
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,266,560
- 6.5%
- $4,861,440
- 7%
- $4,514,190
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,211,110
- Geo Method
- $2,211,110
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $9,322,040
- Mixed-Use / Specialty
- $4,908,040
- Hospitality / Lodging
- $3,684,120
- Office
- $4,945,480
- Institutional / Educational
- $5,125,240
- Residential Income
- $5,996,530
- Multifamily
- $6,837,450
- Automotive / Energy
- $4,393,060
- Parking / Income-Based Land
- $1,452,820
- Restaurant / Food Service
- $2,689,170
- Healthcare / Senior Housing
- $4,967,540
Location Insight
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Latitude
- 42.4613
- Longitude
- -83.1239
- 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
$56,685
-
-
$1,301,100
-
-
-
$2,602,200
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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