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Property profile & analytics
OFF-MARKET
Commercial land

12 Mile Rd Novi, MI 48377

0.79 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US43-2098439
Property summary
AI-generated overview

This exceptional 14.33-acre land parcel, strategically located in Novi, Michigan's Meadowbrook Corporate Park, presents a unique investment opportunity for office development. The property, encompassing four parcels (APN: 50-22-13-301-026, 50-22-13-301-029, 50-22-13-100-037, 50-22-13-301-027), is zoned OST (Office Service Technology District), allowing for diverse uses including medical, corporate office, and high-tech development. All utilities are readily available. The site boasts excellent visibility and accessibility, with convenient access to the M-5 Haggerty connector and proximity to major expressways like I-96, I-275, and M-5. Its location within Meadowbrook Corporate Park offers a prestigious address and proximity to numerous restaurants and Twelve Oaks Mall. Individual parcels are also available for purchase, providing flexibility for various development scenarios. This prime location and versatile zoning make this a compelling opportunity for investors seeking a high-growth area with strong infrastructure and amenities. The asking price for the entire 14.33-acre site is $900,000. Don't miss this chance to acquire a significant land holding in a thriving Michigan market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.79 ac (34,412 SF)
Zoning code OST
APN 50-22-15-126-020
UPID US43-2098439
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gary Roberts LLC · 3 yrs held
Gary Roberts LLC
since 2022
5 recorded transactions
2022
Price N/A
2022
Price N/A
2018
Price N/A
2017
Price N/A
2001
$41,500
Zoning & alternative use
OST · Novi, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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