10507 JeffersonRiver Rouge, MI 48218

  • Retail space
  • 2,576 SF
Off market
$41,600 Estimated

Property Details for 10507 Jefferson

Year built
1923
Lot size
0.02 AC
Property size (Sq ft)
2,576 SF
Zone code
B1 CEN
Property type
Retail space
APN
50 008 08 0002 002
APU
50008080002002

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $572,418
    6.5%
    $528,386
    7%
    $490,644
  • Comparable approach

    Method
    Valuation
    Relative Method
    $250,597
    Geo Method
    $250,597
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,077,290
    Mixed-Use / Specialty
    $507,558
    Hospitality / Lodging
    $347,714
    Office
    $484,811
    Institutional / Educational
    $520,885
    Residential Income
    $609,435
    Multifamily
    $835,948
    Automotive / Energy
    $446,473
    Parking / Income-Based Land
    $172,789
    Restaurant / Food Service
    $223,554
    Healthcare / Senior Housing
    $539,918

Location Insight

City
River Rouge
County
Wayne
State
Michigan
Latitude
42.2739
Longitude
-83.1337
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
$3,751
-
-
$41,600
-
-
-
$83,200

FAQs

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