25890 5th MileRedford, MI 48239

  • Office properties
  • 3,040 SF
For Lease
$12.75/SF/YR View listing

Property Details for 25890 5th Mile

Year built
1946
Construction
CONCRETE BLOCKS
Lot size
0.09 AC
Property size (Sq ft)
3,040 SF
Property type
Office properties
Property subtype
Office buildings
APN
79 020 02 0015 000
APU
79020020015000

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $520,411
    6.5%
    $480,380
    7%
    $446,067
  • Comparable approach

    Method
    Valuation
    Relative Method
    $284,362
    Geo Method
    $284,362
  • Alternative Use

    Use
    Valuation
    Residential
    $595,671
    Hospitality
    $545,631
    Educational
    $453,959
    Medical
    $469,571
    Retail
    $706,158
25890 5th Mile, Redford, Michigan

Location Insight

City
Redford
County
Wayne
State
Michigan
Latitude
42.3998
Longitude
-83.2972
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $59,400
  • Tax year
    2019
  • Tax bill
    $3,981

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