180 VesterFerndale, MI 48220

  • Retail properties
  • 9,217 SF
Off market
$450,265 Estimated

Property Details for 180 Vester

Year built
1965
Lot size
0.48 AC
Property size (Sq ft)
9,217 SF
Zone code
BI
Property type
Retail properties
Property subtype
Auto shops
APN
24-25-27-382-014
APU
242527382014

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,817,992
    6.5%
    $2,601,224
    7%
    $2,415,422
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,172,638
    Geo Method
    $2,172,638
  • Alternative Use

    Use
    Valuation
    Residential
    $2,194,229
    Hospitality
    $2,009,902
    Educational
    $1,672,215
    Medical
    $1,729,725
    Retail
    $2,601,224
180 Vester, Ferndale, Michigan

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4613
Longitude
-83.1332
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $372,120
  • Tax year
    2023
  • Tax bill
    $15,840

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