19841 SchoolcraftDetroit, MI 48223

  • Grocery and convenience stores
  • 3,170 SF
Off market
$3,907,240 Estimated

Property Details for 19841 Schoolcraft

Year built
2000
Lot size
0.39 AC
Property size (Sq ft)
3,170 SF
Zone code
M2
Property type
Grocery and convenience stores
APN
22008989-90
APU
2200898990

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $615,827
    6.5%
    $568,456
    7%
    $527,852
  • Comparable approach

    Method
    Valuation
    Relative Method
    $308,383
    Geo Method
    $308,383
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,102,890
    Mixed-Use / Specialty
    $568,712
    Hospitality / Lodging
    $420,219
    Office
    $567,712
    Institutional / Educational
    $592,048
    Residential Income
    $692,696
    Multifamily
    $818,124
    Automotive / Energy
    $507,469
    Parking / Income-Based Land
    $172,866
    Restaurant / Food Service
    $300,665
    Healthcare / Senior Housing
    $580,862

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.386
Longitude
-83.2363
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
2020
$16,599
-
-
$262,200
-
-
-
$524,400

FAQs

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