Property profile

0 Novi Rd Novi, MI 48375

OFF-MARKET
Retail properties & Spaces
21,410 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 21,410 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Novi Rd Novi, MI 48375
Novi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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