38138 Red ArrowPaw Paw, MI 49079

  • Turn key restaurants
  • 5,800 SF
Off market
$40,075,200 Estimated

Property Details for 38138 Red Arrow

Year built
1950
Lot size
4.00 AC
Property size (Sq ft)
5,800 SF
Zone code
GC
Property type
Turn key restaurants
APN
80-14-015-001-00
APU
801401500100

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,094,280
    6.5%
    $1,010,105
    7%
    $937,954
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,903,734
    Geo Method
    $1,903,734
  • Alternative Use

    Use
    Valuation
    Residential
    $852,061
    Hospitality
    $780,483
    Educational
    $649,353
    Medical
    $671,685
    Retail
    $1,010,105
38138 Red Arrow, Paw Paw, Michigan

Location Insight

City
Paw Paw
County
Van Buren
State
Michigan
Latitude
42.2152
Longitude
-85.9189
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, 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
$3,913
-
-
$96,100
-
-
-
$192,200

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