0 Novi Rd Novi, MI 48375
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.