Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29580 Hudson Dr Novi, MI 48377

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.09 acres of vacant land with site plan approval.

    Lot size:
    1.09 Acres

    Property Features for 29580 Hudson Dr

    General Information

    Lot size
    1.09 Acres

    We can help!

    Listing Contact
    Joe Royer
    Source: Moodyscre

    Listing Agent: Joe Royer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Vacant Land in Corporate Park

    This 1.09-acre vacant land parcel is located in Beck North Corporate Park. The zoning is I-1 (Light Industrial). A site plan is approved for an 8,400 square foot building with a truckwell. The property offers excellent freeway access to I-96, I-696, and I-275. It is located in close proximity to Twelve Oaks Mall.
    Location Intelligence

    Current Use by Public Records

    Nicholson Tuckpointing & Remodeling Masonry Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.50903
    Latitude
    42.510256

    Nearby Similar for Sale

    • $199,900
      4,956 SF

      Established Restaurant Business Opportunity

      Thriving Middle Eastern restaurant for sale in Novi's bustling plaza.
      41490 Grand River Ave, Novi, MI 48375
      View Details
    • $199,000
      2,231 SF

      Turn-Key Business Opportunity in Novi

      Remodeled turn-key space suitable for coffee, tea, or restaurant.
      25875 Novi Rd, Novi, MI 48375
      View Details
    • Contact for pricing
      37,260 SF

      Novi Mixed-Use Investment Opportunity

      Value-add property with long-term tenant in Novi, Michigan.
      42350 Grand River Ave, Novi, MI 48375
      View Details
    • $235,000

      Stylish Condo in Crosswinds West

      2 bed, 1.5 bath condo with updated kitchen.
      40041 Crosswinds, Novi, MI 48375
      View Details
    • Contact for pricing
      176,160 SF

      Multi-Tenant Flex/R&D Park Investment

      Class A flex/R&D park in Novi, Michigan for sale.
      27175 Haggerty Rd, Novi, MI 48377
      View Details
    • $35,000
      1,800 SF

      Established Pet Salon in Novi

      Fully equipped pet salon ready for immediate operation in Novi.
      333 Oakland, Novi, MI 48377
      View Details
    • $9,173,000
      5,706 SF

      Carvana Investment Property in Novi

      Freestanding Carvana property in Novi, MI with long-term absolute NNN lease.
      26890 Adell Ctr Dr, Novi, MI
      View Details
    • $325,000
      1,760 SF

      Novi Condo Overlooking Pool

      Detached condo with golf course view and walk-out basement.
      31113 Columbia Dr, Novi, MI 48377
      View Details
    • $2,500,000

      Freestanding Building in Novi Shopping District

      6,114 SF building in Novi's prime shopping area.
      43485 Crescent Blvd, Novi, MI 48375
      View Details
    • Contact for pricing
      37,725 SF

      Novi Flex Space Opportunity

      Flex space for sale, lease, or build-to-suit near I-96/696.
      27629 Haggerty Rd, Novi, MI 48377
      View Details
    • Contact for pricing
      30,884 SF

      Partially Built Medical Office Building

      30,000+ SF medical office, faster market entry.
      24301 Karim Blvd, Novi, MI 48375
      View Details
    • $2,200,000
      11,050 SF

      Well-Maintained Building on Grand River

      Well-maintained building with frontage on Grand River Avenue.
      40350 Grand River Ave, Novi, MI 48375
      View Details

    FAQs

    What type of property is this?
    Land - 1.09 acres of vacant land with site plan approval.
    Where is this land located?
    The property is located at 29580 Hudson Dr Novi, MI.
    What are key features of this property?
    This property features: - Site plan approved for **8,400 SF building with truckwell**.; - Excellent freeway access to I-96, I-696, and I-275.; - Zoning: I-1 (Light Industrial).
    (248) 226-1628
    Request Owner's contact information
    29580 Hudson Dr Novi, MI 48377
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29580 Hudson Dr
    Novi, MI 48377
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29580 Hudson Dr Novi, MI 48377
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Royer
    (248) 226-1628
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.