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Financial
Distress signals
Property profile

27145 Karevich Dr Novi, MI 48377

OFF-MARKET
Commercial real estate
Property ID
US43-1988444
16,524 SF 3.89 ac lot Built 1979
Last sale Oct 2024 · $1,094,843
Entity Owned Owner of record is a legal entity (LLC / corporation). 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

This exceptional 18,308-square-foot warehouse, situated on a 3.25-acre lot in Novi, Michigan, presents a compelling investment opportunity. Currently zoned C - Conference District, with a proposed rezoning to RC Regional Center, this property offers significant potential for future development. Built in 1979, the single-story building boasts ample parking with 110 spaces. The property features a commercial kitchen, adding versatility to its potential uses. Strategically located within…

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?
$66k
Tax billed · 2023
Assessed value$1.25M
Effective rate5.31%

Value estimate

· Oct 2026
$780k
$702k – $858k
Submarket $/SF estimate$3.08M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$100 – $212
Qualifying comparables9

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?
C
C Conference District 144 - - - Found in multiple Articles and Sections 2200 Intent 144 3 3.1.13.A 3-28 2201 Principal Uses Permitted Sub...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.3
HVAC Service10.0
Garden Center9.1

Location

27145 Karevich Dr Novi, MI 48377-3311
County assessor Recorded deeds · 8 transfers 9 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
42450 12th Mile, Novi, MI 48377-3013 $1,100,000 Nov 2025 22,929 SF
46785 Magellan, Novi, MI 48377-2453 $1,650,000 Aug 2022 16,027 SF
31260 Wakefield, Novi, MI 48377-4514 $500,000 Jun 2022 10,376 SF
27780 Novi, Novi, MI 48377-3401 $5,450,000 Apr 2022 39,714 SF
2150 Old Novi, Novi, MI 48377-2070 $764,463 Jan 2022 2,994 SF
41555 12th Mile, Novi, MI 48377-3103 $6,150,000 Aug 2020 40,138 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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