23895 Novi Rd, Novi, MI 48375
Two-building office offering with frontage and signage on Novi Road near a signalized intersection.
- Added:
- Jun 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 11 at 2:29 am
Property Features for 23895 Novi Rd
General Information
- Standard status
- Active
- Size
- 14,127 SF
- Property subtype
- OFFICE
Listing agent Simon Jonna (249) 540-1000
Listing office Colliers (249) 540-1000
Listing date Jun 8, 2026
Source Moodyscre
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 Colliers
HighLights
- Two‑building office offering at 23895 & 23875 Novi Rd
- Frontage and signage available directly on Novi Rd near a signalized Novi Rd & 10 Mile Rd intersection
- 1,100 to 2,200 +/- SF suites available for lease
- Surrounded by major retailers including Twelve Oaks Mall, Busch’s, Ace Hardware, Walgreens, and CVS
- Zoned OS‑1 for medical, office, or commercial/service use
Overview
The buildings are located in Novi on Novi Road, with frontage and signage available directly on Novi Road. The property sits just steps from the Novi Road and 10 Mile Road intersection, a signalized location with strong daily traffic counts. The surrounding area is described as an established commercial hub, with nearby national retailers including Twelve Oaks Mall, Busch’s Market, Ace Hardware, Walgreens, and CVS.
For tenants and buyers seeking an OS-1 location for medical, office, or commercial/service operations, these suites offer an adaptable footprint within a retail-heavy trade area. The visibility afforded by Novi Road frontage and signage, combined with immediate access to a major intersection, supports everyday business needs and customer-facing visibility for qualifying uses.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $356.0k | $25.20 |
| − Vacancy | −$37.4k | −$2.65 |
| EGI | $318.6k | $22.55 |
| − OpEx | −$127.4k | −$9.02 |
| NOI | $191.2k | $13.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Novi
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4753608
- Latitude
- 42.4643836
