27950 HooverWarren, MI 48093

  • Retail properties
  • 6,510 SF
For Lease

Property Details for 27950 Hoover

Year built
1995
Lot size
0.93 AC
Property size (Sq ft)
6,510 SF
Zone code
C-1
Property type
Retail properties
Property subtype
Retail space
APN
12-13-14-301-012
APU
121314301012

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,990,358
    6.5%
    $1,837,253
    7%
    $1,706,021
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,534,542
    Geo Method
    $1,534,542
  • Alternative Use

    Use
    Valuation
    Residential
    $1,549,792
    Hospitality
    $1,419,601
    Educational
    $1,181,092
    Medical
    $1,221,711
    Retail
    $1,837,253
27950 Hoover, Warren, Michigan

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.4994
Longitude
-83.0059
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $289,440
  • Tax year
    2022
  • Tax bill
    $19,214

FAQs

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