Property profile

39750 Grand Riv Ave Novi, MI 48375

OFF-MARKET
Commercial real estate
Property ID
US43-1728117
31,891 SF 8 ac lot Built 1987
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 31,309 square foot multi-tenant property, located at 39750 Grand River Ave, Unit A in Oakland County, presents a unique investment opportunity. Built in 1987 and extensively renovated in 2017, the building offers a blend of executive office and warehouse space, ideal for a variety of businesses. Currently, 9,395 square feet of raw space is available, providing a blank canvas for a tenant to customize the layout to perfectly match their operational needs. The existing structure allows for the flexible creation of an office-to-warehouse ratio tailored to specific requirements. The high ceilings, measuring 14 feet, offer ample vertical space for storage or specialized equipment within the warehouse area. The property's multi-tenant configuration provides a dynamic and collaborative environment. This prime location in Oakland County offers excellent access to major transportation routes and amenities, making it an attractive option for businesses seeking a functional and adaptable workspace. The available space is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to secure a versatile and well-maintained property in a desirable location. Don't miss out on this chance to establish your business in a space designed for success.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Total area 31,891 SF
Lot 8 ac (348,480 SF)
Zoning code I-1
APN 50-22-24-426-001
UPID US43-1728117

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
  • Car Dealership Car Wash
  • Corporate Office
  • Postal Service Courier Service
  • Hardware & Home Improvement General Contractor

Location

39750 Grand Riv Ave Novi, MI 48375-2106
Novi metro Census 136602 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
$4.93M
Blend (final) Blend
$4.77M

Owner & transaction history

Zoning & alternative use

I-1 · Novi, MI
Zoning description

I-1 Light Industrial District 129 - - - Found in multiple Articles and Sections 1900 Intent 129 3 3.1.18.A 3-40 1901 Principal Uses Permitted 129 3 3.1.18.B 3-41 Intro text no longer required 1901.4 Public or private hea…

General category INDUSTRIAL
Top alternative use upside
Restaurant $5.5M +28.0%
Retail stores $5.4M +24.8%
Medical building $5.0M +16.7%

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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