5801 SouthfieldDetroit, MI 48228

  • Hospitality properties
  • 207,081 SF
Off market
$6,396,665 Estimated

Property Details for 5801 Southfield

Year built
1985
Lot size
8.80 AC
Property size (Sq ft)
207,081 SF
Zone code
B5
Property type
Hospitality properties
Property subtype
Hotels
APN
22000025.
APU
22000025

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $47,111,244
    6.5%
    $43,487,300
    7%
    $40,381,064
  • Comparable approach

    Method
    Valuation
    Relative Method
    $45,520,340
    Geo Method
    $45,520,340
  • Alternative Use

    Use
    Valuation
    Residential
    $47,475,496
    Hospitality
    $43,487,300
    Educational
    $36,180,924
    Medical
    $37,425,240
    Retail
    $56,281,436
5801 Southfield, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3317
Longitude
-83.2177
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $5,286,500
  • Tax year
    2020
  • Tax bill
    $239,713

Property Visit Statistics

  • Visits by month
    7.1k
  • Visitors by month
    4.0k
  • Avg Time on site
    174 min

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