80515 MainMemphis, MI 48041

Off market
$791,430 Estimated
  • Retail space
  • 1,508 SF

Property Details for 80515 Main

Year built
1956
Lot size
0.08 AC
Property size (Sq ft)
1,508 SF
Zone code
RETAIL < 5K S
Property type
Retail space
APN
04-03-02-131-017
APU
40302131017

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $461,054
    6.5%
    $425,588
    7%
    $395,189
  • Comparable approach

    Method
    Valuation
    Relative Method
    $355,467
    Geo Method
    $355,467
  • Alternative Use

    Use
    Valuation
    Residential
    $358,999
    Hospitality
    $328,842
    Educational
    $273,592
    Medical
    $283,002
    Retail
    $425,588
80515 Main, Memphis, Michigan
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Location Insight

City
Memphis
County
Macomb
State
Michigan
Latitude
42.8939
Longitude
-82.7695
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
2022
$988
-
-
$35,600
-
-
-
$71,200

FAQs

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