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Property profile & analytics
OFF-MARKET
Estimated value
$4,715,000
Commercial real estate
21625 Haggerty Rd, Novi, MI 48375-5310
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-4058418
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
51,302 SF
Lot
2.47 ac (107,593 SF)
Zoning code
OSC
APN
50-22-36-200-039
UPID
US43-4058418
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
Current use
Occupant on record · Public records
-
Country Inn & Suites by Radisson, Novi, MI Hotel & Motel
-
Pando Tech Solutions - Security Cameras, Audio System Installations, TV Mounting, Structured Cabling, PBX Phone Systems Electrical Service General Contractor
-
Pando Tech Solutions Electrical Service General Contractor
-
Catch Transportation Nationwide Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$4.72M
Owner & transaction history
Novi Inn & Suites INC · 10 yrs held
Novi Inn & Suites INC
since 2016
7 recorded transactions
Zoning & alternative use
OSC · Novi, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Novi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Novi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,940,000
Current use
AUTO REPAIR, GARAGE
$6,290,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$6,015,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.72M
Range $4.24M – $5.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,737
Tax year 2023
Assessed value
$1,943,330
Assessed 2023
Previous assessed
$1,943,330
+0.0% YoY
Effective rate
3.13%
On assessed value
Total market value
$3,886,660
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Stories
1
Total area
51,302 SF
Lot
2.47 ac (107,593 SF)
Zoning code
OSC
APN
50-22-36-200-039
UPID
US43-4058418
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OSC · Novi, MI
Zoning OSC · permitted uses
OSC · Novi, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Novi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Novi Inn & Suites INC
Entity
Mailing address
21625 HAGGERTY RD, NOVI, MI 48375-5310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2016
$2,500,000
Novi Inn & Suites INC
Novi Lodging LLC
Warranty Deed
—
Aug 17, 2011
—
Novi Lodging LLC
Umiya Hospitalities L L C
Warranty Deed
$900,000 · National Republic Bank Of Chicago
Jul 19, 2007
—
Umiya Hospitalities LLC
Novi Lodges LLC
Grant Deed
$4,800,000 · National Republic Bank Chicago
—
—
Novi Inn & Suites INC
—
Loan Modification
related
$5,000,000 · Clarkston St Bk
—
—
Novi Inn & Suites INC
—
Loan Modification
related
$6,670,000 · Waterford Bk NA
—
—
Novi Lodging LLC
—
Deed Of Trust
related
$5,965,000 · National Republic Bank Chicago
—
—
Novi Inn & Suite INC
—
Loan Modification
related
$5,103,397 · Clarkston St Bk
—
—
Novi Lodges LLC
—
Deed Of Trust
related
$4,340,000 · Charter One Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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