Entity Owned 
For Lease
Property summary
This exceptional ground lease opportunity presents three contiguous one-acre parcels totaling approximately three acres, located at 24555 Novi Road in Novi, Michigan, 48375. The property is zoned B-3, one of the few remaining parcels with this designation in the city. This prime location offers unparalleled access to major transportation arteries, including Interstates 96, 696, and 275, as well as M-5 and M-102 (8 Mile Road). Its proximity to the Novi Road exit off I-96, and the convergence… of these major roadways, provides convenient access to all Midwest and Canadian destinations. The Detroit Metropolitan Wayne County Airport is less than 30 minutes away, further enhancing its logistical advantages. The site benefits from its strategic position just north of the intersection of Novi Road and 10 Mile Road, and just south of Grand River Avenue. Parcel lines are currently illustrative and can be adjusted to accommodate various development needs, ranging from smaller to larger footprints than the current one-acre divisions. A Quick Pass Car Wash is slated to begin construction in Spring 2024 on a portion of the land. Potential uses are diverse and include, but are not limited to, auto service, retail, restaurants, financial institutions, and medical facilities. The possibility of drive-thru windows exists for all three parcels. Novi, located in Oakland County, is a highly desirable community known for its suburban atmosphere, abundant amenities (restaurants, coffee shops, parks), and highly-rated public schools. This presents a unique chance to establish a presence in a thriving and strategically important location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 18 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
3.3, 1403.4, and 1404.6 103 - - - Text no longer required - covered under Selected References 1403.5 See Article 24... 103 - - - Text no longer required - covered under Section 3.1.11.D, Development Standards on pg 3-25…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
