Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

40799 Grand Riv Ave Novi, MI 48375

OFF-MARKET
Commercial real estate
Property ID
US43-1199332
2,695 SF 1.59 ac lot Built 1957
Last sale Feb 2022 · $1,400,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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?
$19k
Tax billed · 2023
Assessed value$363k
Effective rate5.29%

Value estimate

· Nov 2026
$1.75M
$1.58M – $1.93M

Realmo valuation models over county records and 43 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$100 – $194
Qualifying comparables43

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?
NCC
istrict 51 - - - Found in multiple Articles and Sections 800 Intent 51 3 3.1.9.A 3-20 801 Principal Uses Permitted 51 3 3.1.9.B 3-20 801....
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store15.8
Building Supply15.8
Restaurant14.9

Location

40799 Grand Riv Ave Novi, MI 48375-2813
County assessor Recorded deeds · 2 transfers 43 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
40001 Grand Riv, Novi, MI 48375-2172 $350,000 Feb 2024 4,494 SF
42300 11th Mile, Novi, MI 48375-1817 $3,500,000 Jan 2024 4,608 SF
24555 Novi, Novi, MI 48375-2409 $1,950,000 Jun 2023 4,948 SF
26179 Novi, Novi, MI 48375-1140 $530,000 Feb 2023 1,886 SF
43407 Grand Riv, Novi, MI 48375-1106 $935,000 Jul 2022 2,126 SF
44855 Grand Riv, Novi, MI 48375-1039 $345,000 Jul 2022 2,484 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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