31519 12th MileFarmington Hills, MI 48334

Property Details for 31519 12th Mile

Year built

1995

Lot size

0.57 AC

Property size (Sq ft)

4,054 SF

Zone code

BI

Property type

Retail properties

Property subtype

Turn key restaurants

APN

22-23-15-201-271

APU

222315201271

• CAP approach

  CAP return

  Valuation

  6%

  $1,020,174

  6.5%

  $941,699

  7%

  $874,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,612

  Geo Method

  $955,612

• Alternative Use

  Use

  Valuation

  Residential

  $794,358

  Hospitality

  $727,628

  Educational

  $605,378

  Medical

  $626,198

  Retail

  $941,699

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4988

Longitude

-83.3597

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $414,350
• Assessed land value
  $86,630
• Assessed value
  $500,980
• Tax year
  2023
• Tax bill
  $27,996

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