Novi Road Frontage
25800 - 25806 Novi Road Novi, MI 48375
25800 - 25806 Novi Road, Novi, MI, 48375
Contact for pricing
For Sale
Contact for pricing
Industrial and office buildings with frontage on Novi Road.
Property Size13,187 SF
Price / SF$104.27
Days on Market755
Property Features for 25800 - 25806 Novi Road
General Information
- Standard status
- Active
- Size
- 13,187 SF
- Property subtype
- Retail, Office, Industrial
Listing agency
Thomas Duke Company
(248) 476-3700
Listed by
Mark Szerlag · License #MI 6502342846
Source
Crexi
Added: Jun 27, 2024 Updated: Jul 10 at 11:24AM Checked: Jul 19 at 9:06AM
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 Thomas Duke Company
Investment Insights
Based on property information with market context.
These industrial and office buildings are located on the east side of Novi Road, just south of Grand River Avenue. The property encompasses 13,187 square feet.
Key Highlights
- Frontage on Novi Road
- Industrial/Office Buildings
- Located on the east side of Novi Road
Local Financial Insights For Warehouse
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 | $96.9k | $7.35 |
| − Vacancy | −$3.6k | −$0.27 |
| EGI | $93.3k | $7.08 |
| − OpEx | −$14.0k | −$1.06 |
| NOI | $79.3k | $6.02 |
13,187 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.70M – $2.27M
NOI $136,391 @ 7.0% cap · market cap 9.92%
Second Best
Warehouse
$1.13M
$991.7K – $1.32M
NOI $79,338 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$2.84M
$2.49M – $3.32M
NOI $199,103 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
24/7 Quick Teks ...
Tech Support Center
Club Z! In-Home ...
Tutoring Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial and office buildings with frontage on Novi Road.
Where is this flex space located?
The property is located at 25800 - 25806 Novi Road Novi, MI.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Frontage on Novi Road; Industrial/Office Buildings; Located on the east side of Novi Road
