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Property profile & analytics
OFF-MARKET
Commercial land
22478 Woodbridge Ln Novi, MI 48375-4473
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4486910
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
9.23 ac (402,059 SF)
Zoning code
RM-1
APN
50-22-26-300-015
UPID
US43-4486910
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
Senthil Kumar Rajasekaran · 4 yrs held
Senthil Kumar Rajasekaran
since 2021
Last sale
$423,365
5 recorded transactions
Zoning & alternative use
RM-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$9,407
Tax year 2019
Assessed value
$719,700
Assessed 2023
Previous assessed
$719,700
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$719,700
Land market value
$1,439,400
Total market value
$1,439,400
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
9.23 ac (402,059 SF)
Zoning code
RM-1
APN
50-22-26-300-015
UPID
US43-4486910
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RM-1 · Novi, MI
Zoning RM-1 · permitted uses
RM-1 · 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.
Building & site characteristics
From public records
Lot
9.23 ac
Current owner
From public records · entity-resolved
Senthil Kumar Rajasekaran
Individual
Mailing address
2800 LIVERNOIS RD STE #320, TROY, MI 48083-1257
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$423,365
Senthil Kumar Rajasekaran
Pulte Homes Of Michigan LLC
Warranty Deed
$338,692 · Pulte Mortgage LLC
Aug 30, 2021
$412,415
Xiaohui Luo
Pulte Homes Of Michigan LLC
Warranty Deed
$329,932 · Pulte Mortgage LLC
Aug 26, 2021
$393,480
Seshadri Reddy Kotalo
Pulte Homes Of Michigan LLC
Warranty Deed
$368,480 · Pulte Mortgage LLC
Jul 29, 2021
$371,790
Nithin Singirikonda
Pulte Homes Of Michigan LLC
Warranty Deed
$346,790 · Pulte Mortgage LLC
Jul 28, 2021
$400,140
Hossein Haghbin
Pulte Homes Of Michigan LLC
Warranty Deed
$400,000 · The Huntington National 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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