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Property profile & analytics
OFF-MARKET
Estimated value
$20,075,000
Commercial real estate
27600 Novi Rd, Novi, MI 48377-3420
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-0293244
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Total area
218,496 SF
Lot
17.84 ac (777,110 SF)
Zoning code
R-C
APN
50-22-14-100-042
UPID
US43-0293244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Tsao Yin Liu, DDS Dental Office
-
Sears Appliance Repair Home Appliance Store
-
Larry Waara Physician
-
Dahlia Morello Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.84M
Blend (final)
Blend
$20.08M
Owner & transaction history
Primark Us Corp · 1 yrs held
Primark Us Corp
since 2025
7 recorded transactions
Zoning & alternative use
R-C · Novi, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Novi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Novi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$32,330,000
Current use
AUTO REPAIR, GARAGE
$26,780,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$20.08M
Range $18.07M – $22.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$221,517
Tax year 2023
Assessed value
$4,190,790
Assessed 2023
Previous assessed
$4,190,790
+0.0% YoY
Effective rate
5.29%
On assessed value
Total market value
$8,381,580
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Stories
2
Total area
218,496 SF
Lot
17.84 ac (777,110 SF)
Zoning code
R-C
APN
50-22-14-100-042
UPID
US43-0293244
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-C · Novi, MI
Zoning R-C · permitted uses
R-C · Novi, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Novi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$32.3M
AUTO REPAIR, GARAGE
Est. value
$26.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Stories
2
Lot
17.84 ac
Current owner
From public records · entity-resolved
Primark Us Corp
Entity
Free & Clear · 1 yrs held
Mailing address
345 CT ST STE #200, CORAOPOLIS, PA 15108-3817
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
—
Primark Us Corp
Transform SR Holdings LLC
Deed
—
Jul 16, 2024
—
Dicks Sporting Goods INC
Transform SR Holdings LLC
Lease
—
Oct 27, 2023
—
Tf Novi Mi LLC
—
Deed
related
$623,717,957 · Ubs Ag Tampa Branch
Aug 24, 2022
—
Tf Novi Mi LLC
—
Deed
related
$460,000,000 · Ubs Ag Stamford Branch
Feb 2, 2022
—
Tf Novi Mi LLC
—
Deed
related
$460,000,000 · Ubs Ag Stamford Branch
Apr 5, 2019
—
Tf Novi Mi LLC
Src Facilities LLC
Trustees Deed
$325,000,000 · Jpp LLC
Sep 12, 2018
—
Src Facilities LLC
—
Deed
related
—
Mar 22, 2018
—
Src Facilities LLC
—
Grant Deed
related
$200,000,000 · Ubs Ag Stamford Br
Feb 3, 2004
—
Src Facilities Statutory Trust
Sears Roebuck & Co
Grant Deed
$13,230,000 · Wells Fargo Bank Minnesota
Jan 29, 2002
—
Novi City (mi)
Sears Roebuck & Co
Quit Claim Deed
related
—
—
—
Src Facilities LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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