25880 5th MileRedford, MI 48239

Property Details for 25880 5th Mile

Year built

1951

Lot size

0.43 AC

Property size (Sq ft)

5,416 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

79 020 02 0010 301

APU

79020020010301

• CAP approach

  CAP return

  Valuation

  6%

  $1,362,916

  6.5%

  $1,258,076

  7%

  $1,168,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,664

  Geo Method

  $1,276,664

• Alternative Use

  Use

  Valuation

  Residential

  $1,061,235

  Hospitality

  $972,085

  Educational

  $808,763

  Medical

  $836,578

  Retail

  $1,258,076

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.3998

Longitude

-83.297

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed value
  $124,400
• Tax year
  2019
• Tax bill
  $7,238

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