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Financial
Distress signals
Property profile

24470 Catherine Industrial Dr Novi, MI 48375

OFF-MARKET
Industrial properties
Property ID
US43-0481016
12,093 SF 5.03 ac lot
Last sale Jul 2026 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$316k
Effective rate3.47%

Value estimate

· Oct 2026
$370k
$333k – $407k
Submarket $/SF estimate$868k

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$81/SF
County average, outlier-cleaned · 341 recorded sales of this use type
Observed band · Q1–Q3$53 – $107
Qualifying comparables27

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-2
I-2 General Industrial Districts 139 - - - Found in multiple Articles and Sections 2000 Intent 139 3 3.1.19.A 3-44 2001 Principal Uses Pe...
General categoryINDUSTRIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility14.6
HVAC Service12.3
Garden Center11.4

Location

24470 Catherine Industrial Dr Novi, MI 48375-2446
County assessor Recorded deeds · 3 transfers 27 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22635 Heslip, Novi, MI 48375-4142 $1,050,000 Jul 2025 8,924 SF
25345 Novi, Novi, MI 48375-1641 $85,000 Sep 2023 5,603 SF
25475 Trans X, Novi, MI 48375-2445 $2,360,000 Dec 2021 6,077 SF
25425 Trans X, Novi, MI 48375-2445 $2,360,000 Dec 2021 50,584 SF
41144 Vincenti, Novi, MI 48375-1922 $1,075,000 May 2021 14,820 SF
22550 Heslip, Novi, MI 48375-4139 $500,000 Oct 2018 9,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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