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21500 Haggerty Rd, Northville, MI 48167
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Property summary
AI-generated overview
The Century Building, a three-story Class D office building located at 21500 Haggerty Rd, Northville, MI 48167 (APN 23-31-101-010), offers exceptional office space for lease. Built in 2000 and renovated in 2018, this meticulously designed building provides a professional environment to enhance your company's image. The building totals 49,738 square feet, with 11,204 square feet currently vacant. Available spaces range from 3,749 to 5,285 square feet, suitable for a variety of business needs. The property is zoned for office use and features ample parking with 198 spaces available for tenants and guests. This multi-tenant building offers a traditional office setting with executive office options, catering to businesses seeking a prestigious and functional workspace. The building's location in Northville, Michigan provides easy access to major transportation routes and amenities. This is an opportunity to secure high-quality office space in a well-maintained building with a modern aesthetic. Contact us today to schedule a viewing and discuss your leasing options.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
50,625 SF
Lot
2.7 ac (117,438 SF)
Zoning code
BI
APN
22-23-31-101-023
UPID
US43-5269039
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
-
Department Store
-
Industrial Manufacturer Production Facility
-
Title Company Insurance Company
-
Financial Advisor
-
Loan Service Bank
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$3.69M
Owner & transaction history
since 2003
7 recorded transactions
Zoning & alternative use
BI · Northville, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.69M
Value range
$3.32M – $4.05M
±10% around blend
Estimated value / SF
$73 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$3.32M
blend $3.69M
$4.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
50,625 SF
Lot area
2.7 ac
Year built
2000
Stories
1
APN
22-23-31-101-023
Zoning
BI
Assessed value
$2,584,450
Annual tax
$76,582
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.86M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.10M
@ 6.5% CAP return
$2.86M
@ 7% CAP return
$2.66M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$76,582
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.46M
Range $1.58M – $6.94M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 427 sales
$117
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $73/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.49M
Move the market yield to see immediate price impact.
Value / SF
$49
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$157k
$3.14M
$2.24M
$1.75M
$175k
$3.49M
$2.49M
$1.94M
$192k
$3.84M
$2.74M
$2.13M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,582
Tax year 2023
Assessed value
$2,584,450
Assessed 2024
Previous assessed
$2,463,560
+4.9% YoY
Effective rate
2.96%
On assessed value
Assessed land
$314,670
Assessed improvement
$2,269,780
Land market value
$629,340
Improvement market value
$4,539,560
Total market value
$5,168,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
FORCED AIR
Stories
1
Total area
50,625 SF
Lot
2.7 ac (117,438 SF)
Zoning code
BI
APN
22-23-31-101-023
UPID
US43-5269039
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Northville, MIZoning BI · permitted uses
BI · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Stories
1
Lot
2.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Northville, MI
Recorded code
BI
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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