21477 WoodwardFerndale, MI 48220

  • Retail properties
  • 7,119 SF
Off market
$4,608,740 Estimated

Property Details for 21477 Woodward

Year built
1966
Lot size
0.46 AC
Property size (Sq ft)
7,119 SF
Zone code
BI
Property type
Retail properties
Property subtype
Auto shops
APN
24-25-34-404-047
APU
242534404047

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,176,553
    6.5%
    $2,009,126
    7%
    $1,865,616
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,678,096
    Geo Method
    $1,678,096
  • Alternative Use

    Use
    Valuation
    Residential
    $1,694,772
    Hospitality
    $1,552,402
    Educational
    $1,291,581
    Medical
    $1,336,000
    Retail
    $2,009,126
21477 Woodward, Ferndale, Michigan

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4501
Longitude
-83.128
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
$20,605
-
-
$340,120
-
-
-
$680,240

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