23158 WoodwardFerndale, MI 48220

  • Medical offices
  • 1,350 SF
Off market
$131,270 Estimated

Property Details for 23158 Woodward

Year built
1970
Lot size
0.09 AC
Property size (Sq ft)
1,350 SF
Zone code
BI
Property type
Medical offices
Property subtype
Medical centers
APN
24-25-27-379-001
APU
242527379001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $318,218
    6.5%
    $293,739
    7%
    $272,758
  • Comparable approach

    Method
    Valuation
    Relative Method
    $126,279
    Geo Method
    $126,279
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $553,687
    Retail / Commercial
    $288,747
    Mixed-Use / Specialty
    $291,516
    Hospitality / Lodging
    $218,820
    Institutional / Educational
    $304,416
    Residential Income
    $356,167
    Multifamily
    $406,113
    Automotive / Energy
    $260,928
    Parking / Income-Based Land
    $86,291
    Restaurant / Food Service
    $159,725
    Healthcare / Senior Housing
    $295,049

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4642
Longitude
-83.1364
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
$5,844
-
-
$131,270
-
-
-
$262,540

FAQs

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