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    Carvana Investment Property in Novi
    Updated: Apr 21, 2025
    Carvana Investment Property in Novi

    26890 Adell Center Dr, Novi, MI

    Contact for pricing
    5,706 sqft 1.30 AC lot
    Absolute NNN lease offers a management‑free investment
    Approximately 17 years remaining on the lease term, indicating long‑term stability
    Carvana, LLC is the tenant, a nationally recognized company
    Located in Novi, Michigan, within the Detroit MSA
    Lease includes rent increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Novi, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    M1 Concourse Private Garage Unit
    M1 Concourse Private Garage Unit

    161 W SPEED Way, Pontiac, MI 48341

    $949,000
    1,190 sqft 0.03 AC lot

    Trackside garage with patio, mezzanine, and stylish finishes.

    View details
    Detroit Flex Industrial and Garages
    Detroit Flex Industrial and Garages

    17129 Rockdale St., Detroit, MI 48219

    Contact for pricing
    2,230 sqft 0.39 AC lot

    Two abutting properties: flex industrial/office and garage units for sale.

    View details
    High-Visibility Auto Dealership on Joy
    High-Visibility Auto Dealership on Joy

    16912 - 16926 Joy Road, Detroit, MI 48228

    Contact for pricing
    1,200 sqft

    Licensed auto dealership with high traffic and repair facility.

    View details
    M1 Concourse Private Garage
    M1 Concourse Private Garage

    264 APEX Dr, Pontiac, MI 48341

    $274,900
    0.01 AC lot

    Private garage unit in a community of auto enthusiasts.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near M1 Concourse
    Commercial Land Near M1 Concourse

    151 SOUTH Boulevard W, Pontiac, MI 48341

    $74,000
    0.22 AC lot

    Vacant parcel along South Boulevard W opposite the entrance to M1 Concourse.

    View details
    C2 Commercial Land
    C2 Commercial Land

    Davisburg, MI 48350

    $249,900
    4.40 AC lot

    The parcel is zoned C2 and served by well water and a septic tank.

    View details

    Novi, MI Parking Lots & Garages Market Trends and Statistics

    Explore 1 parking lots & garages for sale in Novi, MI on our real estate platform. These investment opportunities span a total of 5,706 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Spaces 64
    Land 40
    Retail properties & Spaces 36
    Industrial properties 31
    Office Units 28

    Demographics Overview

    Population 62K
    Population Growth (5Y) +11.9%
    Median Household Income $124,389
    College Educated 67.9%

    Taxes & Financing

    Tax Rate (average for all types) 4.06%
    Property Tax per SF $88.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Novi fall within the 100,000+ square foot range.

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