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    27780 Novi Rd Novi, MI 48377

    For Lease
    $22 SF/Yr

    Class A Office Suites in Novi, MI

    Lot size:
    37,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A, three-story office building, totaling 37,420 square feet, presents a unique leasing opportunity in Novi, Michigan. Ideally situated directly across from the 12 Oaks Mall, this multi-tenant property offers unparalleled convenience and visibility. The building boasts 132 parking spaces, ensuring ample parking for tenants and their clients. Currently, there are 2,864 square feet of vacant space available, divisible into units ranging from a minimum of 254 square feet to a maximum contiguous space of 1,060 square feet. The building features a total of four suites, providing flexibility for businesses of various sizes. Built in 1986, the property is under new ownership and management, promising a fresh approach to tenant relations and building maintenance. Its strategic location provides easy access to I-96 and Novi Road, placing tenants within close proximity to a vibrant array of restaurants, retailers, and other amenities. The property sits on a 2.51-acre lot and is zoned RC - Regional Center, allowing for a diverse range of commercial uses. The building's APN is 22-14-100-060, located in Oakland County. This is an excellent opportunity for businesses seeking a high-profile location with exceptional accessibility and ample parking.

    Property Features for 27780 Novi Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,420 SF
    Class
    A
    Total Rate
    68603.33

    Building Details

    Year Built
    1986
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 103
    Size
    254 SF
    Rate per SF
    $22
    Space
    Suite 105
    Size
    843 SF
    Rate per SF
    $22

    HighLights

    • Class A, 37,420 SF multi‑tenant office/retail building in Oakland County.
    • 2,864 SF of vacant space available, divisible from 254 SF to 1,060 SF contiguous.
    • Located directly in front of 12 Oaks Mall, offering excellent visibility and access.
    • Convenient access to I‑96 and Novi Road, near numerous restaurants and retailers.
    • Features 132 parking spaces and is situated on a 2.51‑acre lot.
    • Zoned RC - Regional Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Priti Agrawal, Certified ... Accountant Sarah E. Baker, ... Child Psychologist Anan & Associates Psychologist America One Northridge ... Insurance Agency RENESAS EASTON AMERICA ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4754408
    Latitude
    42.4927105

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites in Novi, MI
    Where is this office property / space located?
    The property is located at 27780 Novi Rd Novi, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class A, 37,420 SF multi-tenant office/retail building in Oakland County.; 2,864 SF of vacant space available, divisible from 254 SF to 1,060 SF contiguous.; Located directly in front of 12 Oaks Mall, offering excellent visibility and access.
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    Realmo Value Estimation

    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.

    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.

    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
    27780 Novi Rd Novi, MI 48377
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