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Property profile

24555 Novi Rd Novi, MI 48375

OFF-MARKET
Other commercial real estate
Property ID
US43-0220048
4,948 SF 4.68 ac lot Built 1986
Last sale Jun 2023 · $1,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of three parcels, each approximately one acre, with the site configured to allow flexible division among the parcels. The lots are not yet legally divided, and parcel size adjustments may be possible, with certain lot lines shown for visual representation. One parcel is intended for development as a car wash, while the remaining parcels are available for a range of commercial uses. The site supports potential development features such as drive-through windows on all three…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value$671k
Effective rate4.08%

Value estimate

· Nov 2026
$2.55M
$2.29M – $2.80M
Submarket $/SF estimate$958k

Realmo valuation models over county records and 38 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$100 – $194
Qualifying comparables38

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?
B-3
3.3, 1403.4, and 1404.6 103 - - - Text no longer required - covered under Selected References 1403.5 See Article 24... 103 - - - Text no ...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon13.6
Auto Parts Store12.5
Hotel & Motel12.5

Location

24555 Novi Rd Novi, MI 48375-2409
County assessor Recorded deeds · 7 transfers 38 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26100 Novi, Novi, MI 48375-1139 $370,500 Dec 2024 4,977 SF
44375 Grand Riv, Novi, MI 48375-1156 $920,000 Oct 2024 5,759 SF
40245 Grand Riv, Novi, MI 48375-2119 $900,000 May 2024 6,369 SF
40001 Grand Riv, Novi, MI 48375-2172 $350,000 Feb 2024 4,494 SF
42300 11th Mile, Novi, MI 48375-1817 $3,500,000 Jan 2024 4,608 SF
24520 Meadowbrook, Novi, MI 48375-2866 $630,000 Apr 2023 5,512 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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