Property profile

41895 11 Mile Rd Novi, MI 48375

OFF-MARKET
Office Spaces
5,008 SF Built 2007
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Property summary

AI-generated overview

This exceptional 5,008 square foot executive office condominium, built in 2007, presents a unique opportunity in Novi's thriving business district. The property, zoned for Condominium Light Industrial use, offers flexible space options, with a minimum divisible unit of 1,373 square feet and the potential to lease or purchase the entire 5,008 square feet contiguously. Currently, the entire space is vacant and ready for immediate occupancy. Its prime location offers unparalleled convenience, situated minutes from major freeways including I-96, M-5, and I-275, ensuring effortless commutes for employees and clients. The building's tranquil setting, tucked away from the bustling thoroughfares, provides a peaceful and productive work environment, while still being within walking distance of Novi Town Center and the new Sakura development. The existing high-quality office build-out features a spacious open bullpen area, several sizable private offices, well-appointed conference rooms, a professional reception area, and convenient in-suite restrooms. This adaptable space allows for seamless integration of your existing office setup or the creation of a completely customized workspace to perfectly suit your business needs. Located in Oakland County, this property represents an excellent investment opportunity for businesses seeking a prestigious and functional office space in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 5,008 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Employment Agency
  • Financial Advisor
  • Accounting Firm Tax Preparation

Location

41895 11 Mile 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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