Property profile

25800 Novi Rd Novi, MI 48375

OFF-MARKET
Warehouses
13,187 SF 0.95 ac lot
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Property summary

AI-generated overview

This exceptional multi-use property, located at 25800-25806 Novi Road in Novi, Michigan, presents a unique investment opportunity. The 13,187 square foot building boasts a blend of executive office and warehouse space, ideal for a variety of businesses. Constructed in phases between 1941 and 1976, the four-story building sits on a 0.95-acre lot and is zoned TC-1 Town Center-1. The property features a range of ceiling heights, from 12 to 14 feet, providing ample vertical space. Key features include three 10-foot high drive-ins and robust power capabilities (400a/220v). Its prime location in Novi's business district offers immediate access to I-96, ensuring excellent accessibility and visibility. The asking price is $1,690,000, translating to $128.15 per square foot. This property is an excellent choice for businesses seeking a versatile and strategically located space in a thriving commercial area. The property's parcel numbers are 22-23-151-005 and 22-23-151-004, and the zip code is 48375. The building's classification is C.

Property profile

Verified
Property type Warehouses
Total area 13,187 SF
Lot 0.95 ac (41,382 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
  • Tech Support Center IT Consulting Firm
  • Tutoring Service

Location

25800 Novi 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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