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    45833 Twelve Mile Rd Novi, MI 48377

    Sponsored
    For Lease
    Contact for pricing

    10-acre site, I-96 access, ready for build-out.

    Lot size:
    139,726 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 139,726-square-foot industrial property, located at 45833 W. Twelve Mile Road in Novi, Michigan, presents a unique opportunity. The single-tenant building sits on a substantial 10-acre lot and boasts a 24-foot ceiling height, ideal for various manufacturing and warehousing needs. The property features four loading docks, two dock-high doors, and four drive-in doors, ensuring efficient material handling. Power is robust, with 2,000 amps at 480 volts. The property is zoned OST and has an APN of 22-16-226-003 within Oakland County's Central I-96 Corridor submarket. The building is currently vacant, offering immediate occupancy. This prime location provides excellent visibility and accessibility, with frontage on Twelve Mile Road and convenient access to I-96 via Beck Road (half a mile) and Novi Road (two miles). The property benefits from a strong corporate presence in the immediate vicinity, including notable companies such as Hino Motors, A123 Battery Systems, Nachi Robotics, Toyota Boshuku, Emerson, and Nitto. New ownership has secured site plan approval and is prepared to commence construction in 2023, making this an ideal opportunity for build-to-suit or immediate occupancy. The zip code is 48377.

    Property Features for 45833 Twelve Mile Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    139,726 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    139,726 SF

    HighLights

    • 139,726 square feet available.
    • 10,026 square feet of office space.
    • Clear height to suit.
    • Two 12x14 grade‑level doors, four truck wells.
    • 10‑acre lot.
    • OST zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.500681
    Latitude
    42.493679

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    FAQs

    What type of property is this?
    Distribution property - 10-acre site, I-96 access, ready for build-out.
    Where is this distribution property located?
    The property is located at 45833 Twelve Mile Rd Novi, MI.
    What are key features of this property?
    This property features: 139,726 square feet available.; 10,026 square feet of office space.; Clear height to suit.
    Request Owner's contact information
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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
    45833 Twelve Mile Rd Novi, MI 48377
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