Financial
Distress signals
Property profile

27780 Novi Rd Novi, MI 48377

FOR LEASE
Commercial real estate
Property ID
US43-0220046
39,714 SF 2.51 ac lot Built 1986
Last sale Apr 2022 · $5,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A, three-story office building, totaling 37,420 square feet, presents a unique leasing opportunity in Novi, Michigan. Ideally situated directly across from the 12 Oaks Mall, this multi-tenant property offers unparalleled convenience and visibility. The building boasts 132 parking spaces, ensuring ample parking for tenants and their clients. Currently, there are 2,864 square feet of vacant space available, divisible into units ranging from a minimum of 254 square feet

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$106k
Tax billed · 2023
Assessed value$2.00M
Effective rate5.29%

Value estimate

· Sep 2026
$6.81M
$6.12M – $7.49M
CAP approach$6.19M
Sales comparison$4.94M
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$53k
Operating expenses−$43k
NOI · 585,536.36% cap applied$129k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$100 – $212

Cap rate analysis

How does the asset earn?
585,536.36%
$129k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-C
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.2
Garden Center9.8
Smoke and Vape Shop9.2

Location

27780 Novi Rd Novi, MI 48377
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
42450 12th Mile, Novi, MI 48377-3013 $1,100,000 Nov 2025 22,929 SF
46785 Magellan, Novi, MI 48377-2453 $1,650,000 Aug 2022 16,027 SF
31260 Wakefield, Novi, MI 48377-4514 $500,000 Jun 2022 10,376 SF
2150 Old Novi, Novi, MI 48377-2070 $764,463 Jan 2022 2,994 SF
41555 12th Mile, Novi, MI 48377-3103 $6,150,000 Aug 2020 40,138 SF
39465 14th Mile, Novi, MI 48377-1600 $407,000 Aug 2019 2,754 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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