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    43223 Twelve Mile Rd Novi, MI 48377

    • Commercial real estate
    • 27,154 SF
    • 2.70 lot acres
    For Sale
    View listing
    $5,180,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-0265015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 43223 Twelve Mile Rd

    Year built
    1998
    Lot size
    2.70 lot acres
    Property size
    27,154 SF
    Zone code
    R-C
    Property type
    Commercial real estate
    APN
    50-22-14-100-034
    APU
    502214100034

    Description

    This exceptional 29,884 square foot free-standing retail building is situated on a 2.7-acre lot at 43223 W. 12 Mile Road in Novi, Michigan (Oakland County, zip code 48377). Built in 1998, this two-story structure boasts exquisite interior and architectural design, offering street-level retail space. The property features 64 parking spaces and is zoned R-C Regional Center. Its prime location offers unparalleled visibility and accessibility, directly in front of Twelve Oaks Mall, and enjoys close proximity to major thoroughfares including I-96, I-275, and M-5, ensuring high traffic volume and excellent exposure. The asking price is $5,180,000, translating to $173.34 per square foot. A unique opportunity exists for a flexible seller who is willing to lease back a portion of the upper-level retail space to a new owner, providing a potential for immediate income generation. The property's parcel number (APN) is 22-14-100-034. This presents a rare chance to acquire a well-established, high-performing retail property in a thriving Michigan market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4741
    Latitude
    42.495
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $64,340
    $0.00
    $0.00
    $1,285,840
    -
    $0.00
    $0.00
    $2,571,680

    Comparable in this City

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      39525 Mackenzie Dr

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      40333 14th Mile Rd

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      31120 Beck Rd

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      28100 Cabot Dr

      COMMERCIAL (GENERAL) • 58,430 SF
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    Similar Nearby for Sale

    • Contact for pricing

      Novi, MI Master Planned Land

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      Novi Office Land Development Opportunity

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      High-Visibility Novi Commercial Land

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      Novi Commercial Land - 3.61 Acres

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Novi Executive Office Space

      Class A Office Suites, ±22,000 SF Available
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      Novi Retail Space - Beck Road

      Prime Novi location, 3,690 sq ft available.
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      Novi Office Space For Lease

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    • $13 SF/Yr
      10,250 SF

      Novi R&D Park Suites

      R&D park suites available with frontage on Haggerty Road.
      27275 Haggerty Rd, Novi, MI 48377
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    • $2,629 /Mo

      Office and Medical Suites Available

      Move-in ready office and medical suites in a desirable location.
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      Novi Executive Office Space

      14,142 SF Available, Prime Location
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      View Details
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    43223 Twelve Mile Rd
    Novi, MI 48377
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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
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