Office Building Investment
For Sale
Contact for pricing
23895 Novi Road, Novi, MI 48375
Well-sized office building offered for sale with stated cap rate and total building area.
Property Size8,127 SF
Days on Market85
Property Features for 23895 Novi Road
General Information
Standard status
Active
Size
8,127 SF
Total Parking Spaces
45
Property subtype
Office
Zoning
OS-1
Occupancy
90%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$274,523
Additional Details
Cap Rate
8.13%
Building Details
Year Built
1993
Buildings
1
Tenancy
Multi
Listing Agency:
The Jonna Group at Colliers International
(248) 226-1610
Listed By:
Simon Jonna · License #MI 6501357188
Source:
Crexi
Added: May 28
Changed: Aug 8
Last Checked: Jun 6 at 2:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Jonna Group at Colliers International
Investment Insights
Based on property information with market context.
This for-sale office building totals 8,127 square feet and is presented as an income-oriented asset, with public remarks citing a 7.42% cap rate.
The property is located at 23895 Novi Road in Novi, Michigan. Specific details on the internal layout, condition, and tenant configuration are not provided in the public information.
For buyers or operators considering an office-focused acquisition, the building offers a defined total size and is marketed with a stated cap-rate figure. Due diligence should include reviewing the current occupancy and lease terms, as well as confirming building systems and fit-up to determine how the space aligns with intended use.
The property is located at 23895 Novi Road in Novi, Michigan. Specific details on the internal layout, condition, and tenant configuration are not provided in the public information.
For buyers or operators considering an office-focused acquisition, the building offers a defined total size and is marketed with a stated cap-rate figure. Due diligence should include reviewing the current occupancy and lease terms, as well as confirming building systems and fit-up to determine how the space aligns with intended use.
Key Highlights
- Office building built in 1993
- Total building size: 8,127 SF
- Stated cap rate: 7.42%
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 48375, MI
23,237
Population
10,223
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$112,978
Median Household Income
$70,326
Median Earnings
$1,880
Median Rent
$348,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-sized office building offered for sale with stated cap rate and total building area.
Where is this office building located?
The property is located at 23895 Novi Road Novi, MI.
What are key features of this property?
This property features: Office building built in 1993; Total building size: 8,127 SF; Stated cap rate: 7.42%
