29425 LucasDetroit, MI 48242

  • Office properties
  • 9,450 SF
Off market
$48,190,520 Estimated

Property Details for 29425 Lucas

Year built
1938
Lot size
4.81 AC
Property size (Sq ft)
9,450 SF
Zone code
AP-AIRPORT
Property type
Office properties
Property subtype
Office buildings
APN
80 189 99 0077 000
APU
80189990077000

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,617,726
    6.5%
    $1,493,286
    7%
    $1,386,622
  • Comparable approach

    Method
    Valuation
    Relative Method
    $883,953
    Geo Method
    $883,953
  • Alternative Use

    Use
    Valuation
    Residential
    $1,851,674
    Hospitality
    $1,696,124
    Educational
    $1,411,155
    Medical
    $1,459,687
    Retail
    $2,195,130
29425 Lucas, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.2179
Longitude
-83.3495
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Tax year
    2023

FAQs

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