Property profile & analytics
23975 Novi Rd Novi, MI 48375-2459
- Commercial real estate
- 15,627 SF
- 4.89 lot acres
OFF-MARKET
Value Estimations
$2,645,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0107609
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Novi Family Dentistry / Dental Office
- Dr James C. Ross Family, Cosmetic & Laser Dentistry / Dental Office
- The Sleep Apnea Center of Novi / Medical Clinic
- Visions of Cananda Novi / Ophthalmologist / (Bike/Boat/Book/etc) Store
- Patricia L. Chelenyak, DC / Alternative Medicine Practice
Property Details for 23975 Novi Rd
- Year built
- 1988
- Lot size
- 4.89 lot acres
- Property size
- 15,627 SF
- Zone code
- OS-1
- Property type
- Commercial real estate
- APN
- 50-22-27-200-006
- APU
- 502227200006
Description
This exceptional investment opportunity presents a 1,201 square foot direct-entry medical office suite located at 23975 Novi Road, Novi, Michigan, 48375. The property is part of a three-building complex, each featuring single-story construction. The suite is currently configured and previously plumbed for dental use, offering significant potential for a variety of medical or general office tenants. The zoning designation is OS-1, Office Service, allowing for flexibility in permitted uses. A key advantage is the convenient location, offering close proximity to a wide array of retail establishments and restaurants, enhancing both patient and employee convenience. Furthermore, a new parking lot is planned for the near future, addressing potential parking concerns. This property represents a rare chance to acquire a well-situated, versatile medical office space in a thriving Michigan community. The suite's direct entry provides excellent accessibility and privacy. The existing plumbing infrastructure, previously suited for dental practices, presents a significant cost-saving advantage for prospective tenants seeking similar configurations. The OS-1 zoning ensures a broad range of potential uses, maximizing the property's investment potential. The upcoming new parking lot will further enhance the property's appeal and functionality.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,737,000
- AI Estimate
- $2,554,000
Market price range: $1.56M - $3.03MMarket price range: $1.31M - $3.03M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,115,000 Current use
- RESTAURANT
- $2,705,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $2,640,000 Change: +25% Conversion: Easy
- MEDICAL BUILDING
- $2,465,000 Change: +17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,915,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $1,835,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Novi
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4771
- Latitude
- 42.4654
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,312
$0.00
$0.00
$1,176,040
-
$0.00
$0.00
$2,352,080
