Property profile

28100 Cabot Dr Novi, MI 48377

FOR LEASE
Commercial real estate
Property ID
US43-1486268
58,430 SF 5.88 ac lot Built 2001
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Haggerty Corporate Office Centre III, a Class A office building located at 28100 Cabot Drive in Novi, Michigan, offers ±22,000 square feet of immediately available executive office space. This multi-tenant building totals 58,430 square feet and sits on a 3.9-acre lot. Built in 2003, the property boasts ample parking with 244 spaces available for tenants and their guests. The building is zoned OST and its Oakland County APN is 22-12-400-065. The available space is ideal for a business seeking a prestigious location in Novi, offering immediate occupancy of a significant footprint. The building's prime location provides easy access to major roadways and amenities. This is an exceptional opportunity to secure high-quality office space in a thriving business community. The property features a modern design and is well-maintained. Interested parties should inquire about specific lease terms and conditions. The available space is approximately 22,000 square feet. The zip code is 48377.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Total area 58,430 SF
Lot 5.88 ac (256,133 SF)
Zoning code OST
APN 50-22-12-400-065
UPID US43-1486268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • Computer Hardware Manufacturer
  • Industrial Manufacturer Production Facility
  • Security Service
  • Logistics Company Freight Service

Location

28100 Cabot Dr Novi, MI 48377
Novi metro Census 136000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.40M
Blend (final) Blend
$10.80M

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

OST · Novi, MI
Zoning description

OST Planned Office Service Technology District 149 - - - Found in multiple Articles and Sections 2300A Intent 149 3 3.1.23.A 3-52 2301A Principal Uses Permitted 149 3 3.1.23.B 3-52 Intro text no longer required 2301A.4 R…

General category UNKNOWN
Top alternative use upside
Restaurant $10.1M +17.0%
Retail stores $9.9M +14.1%
Medical building $9.2M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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