5924 2ndDetroit, MI 48202

  • Office properties
  • 7,600 SF
Off market
$226,512 Estimated

Property Details for 5924 2nd

Year built
1920
Lot size
0.13 AC
Property size (Sq ft)
7,600 SF
Zone code
SD2
Property type
Office properties
Property subtype
Office buildings
APN
02002430.
APU
2002430

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,580,689
    6.5%
    $1,459,098
    7%
    $1,354,876
  • Comparable approach

    Method
    Valuation
    Relative Method
    $710,904
    Geo Method
    $710,904
  • Alternative Use

    Use
    Valuation
    Residential
    $1,809,281
    Hospitality
    $1,657,292
    Educational
    $1,378,847
    Medical
    $1,426,268
    Retail
    $2,144,874
5924 2nd, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3631
Longitude
-83.0726
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $187,200
  • Tax year
    2020
  • Tax bill
    $8,834

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