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    Novi Rd Novi, MI 48375

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    For Lease
    Contact for pricing

    High-traffic Novi retail plaza; spaces from 1,200-3,600 sq ft.

    Lot size:
    21,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Novi Square, a well-maintained retail plaza in Oakland County, Michigan, offers exceptional leasing opportunities. This vibrant commercial center boasts a diverse and established tenant mix, anchored by Dollar Tree and complemented by a Massage Studio, Karate Center, Coin Laundry, Smokers Express, State Insurance office, Physical Therapy clinic, Ka Hing Chinese restaurant, Sushi One, a Dentist office, and a Coffee Shop. The plaza's total area encompasses 21,410 square feet, with multiple tenancy options available. Currently, there are two spaces immediately available for lease, one measuring approximately 1,200 square feet and another offering 3,600 contiguous square feet. However, spaces as small as 3,000 square feet are potentially divisible. A total of 4,800 square feet is currently vacant. This prime location in Novi provides excellent visibility and accessibility, making it an ideal choice for a variety of retail businesses seeking a thriving commercial environment. The strong existing tenant base ensures a steady flow of foot traffic, creating a mutually beneficial atmosphere for all occupants. This is a rare opportunity to secure a space in a well-established and highly sought-after retail plaza.

    Property Features for 0 Novi Rd

    General Information

    Property type
    Rehabilitation centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,410 SF

    Unit(s) available at that property

    Space
    Available Space 5
    Size
    1,200 SF
    Space
    Suite 2
    Size
    3,600 SF

    HighLights

    • Novi Square, a well‑maintained retail plaza in Novi, MI.
    • Two available spaces totaling 4,800 SF; one 1,200 SF space and one 3,600 SF space.
    • Strong tenant mix includes Dollar Tree, Massage Studio, and diverse retail/service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rehabilitation centers

    Map

    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4745402
    Latitude
    42.4636699

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    FAQs

    What type of property is this?
    Rehabilitation center - High-traffic Novi retail plaza; spaces from 1,200-3,600 sq ft.
    Where is this rehabilitation center located?
    The property is located at Novi Rd Novi, MI.
    What are key features of this property?
    This property features: Novi Square, a well-maintained retail plaza in Novi, MI.; Two available spaces totaling 4,800 SF; one 1,200 SF space and one 3,600 SF space.; Strong tenant mix includes Dollar Tree, Massage Studio, and diverse retail/service businesses.
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    Novi Rd Novi, MI 48375
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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
    Novi Rd Novi, MI 48375
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