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    12259 Leopard St Corpus Christi, TX 78410

    For Sale
    $435,000

    Large Vacant Retail Space in Novi, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail opportunity presents 148,812 square feet of vacant space within the prestigious Twelve Oaks Mall in Novi, Michigan. Located in Oakland County, this single-tenant property sits on an expansive 11.03-acre lot and boasts a two-story building. The property is zoned R-C, offering significant flexibility for a variety of retail uses. With ample parking (5 spaces per 1,000 square feet), this location ensures convenient access for customers. The building's strategic placement at the mall's busiest entrance guarantees high visibility and foot traffic. Twelve Oaks Mall itself is a major regional shopping destination, part of the Simon/Taubman portfolio, attracting shoppers from across the region. Novi is a highly affluent community and a strong super-regional draw, benefiting from its proximity to multiple power centers, entertainment venues, and major employers. The property's exceptional location offers unparalleled accessibility, situated just off heavily traveled I-96 and within three miles of four major highway interchanges (I-96, I-696, I-275, and M-5). This prime location provides easy access for customers traveling from all directions within a 20-minute radius. This presents a unique chance to establish a significant retail presence in a thriving market. The sheer size and prime location of this property make it an unparalleled investment opportunity.

    Property Features for 12259 Leopard St

    General Information

    Property type
    Land
    Lot Size
    123,710 SF

    HighLights

    • 148,812 SF single‑tenant retail building in Oakland County.
    • 11.03‑acre lot.
    • Two‑story building with a 5:1 parking ratio.
    • R‑C zoning.
    • Located at a high‑traffic entrance of Twelve Oaks Mall, a major regional shopping destination in Novi, Michigan.
    • Excellent highway access via I‑96, I‑696, I‑275, and M‑5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.604770859485
    Latitude
    27.856559468109

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    FAQs

    What type of property is this?
    Land - Large Vacant Retail Space in Novi, MI
    Where is this land located?
    The property is located at 12259 Leopard St Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: 148,812 SF single-tenant retail building in Oakland County.; 11.03-acre lot.; Two-story building with a 5:1 parking ratio.
    (361) 442-2825
    Request Owner's contact information
    12259 Leopard St Corpus Christi, TX 78410
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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
    12259 Leopard St Corpus Christi, TX 78410
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