121 GarfieldTraverse City, MI 49686

  • Office properties
  • 4,330 SF
Off market
$5,780,820 Estimated

Property Details for 121 Garfield

Year built
1977
Lot size
0.58 AC
Property size (Sq ft)
4,330 SF
Property type
Office properties
Property subtype
Office buildings
APN
51-482-047-00
APU
5148204700

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $790,844
    6.5%
    $730,010
    7%
    $677,866
  • Comparable approach

    Method
    Valuation
    Relative Method
    $563,982
    Geo Method
    $563,982
  • Alternative Use

    Use
    Valuation
    Residential
    $905,212
    Hospitality
    $829,169
    Educational
    $689,859
    Medical
    $713,584
    Retail
    $1,073,114
121 Garfield, Traverse City, Michigan
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Location Insight

City
Traverse City
County
Grand Traverse
State
Michigan
Latitude
44.7633
Longitude
-85.5946
CBSA code
45900
CBSA name
TRAVERSE CITY, MI MICROPOLITAN 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
-
-
-
$322,900
-
-
-
$714,873

FAQs

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