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41000 W 7 Mile Rd, Northville, MI 48167
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Property summary
AI-generated overview
This exceptional 26,000 square foot executive office building, located at 41000 W 7 Mile Road in Northville, Michigan, presents a rare opportunity. Constructed in 1984 and extensively renovated in 2005, the property boasts a modern and efficient layout ideal for multiple tenants. The building sits on a sizable 0.84-acre lot and offers ample parking with 120 spaces available for tenants and guests. Currently, the building is fully occupied, reflecting its high demand and desirable location. The property is zoned OS and features two APNs: 77-003-01-0051-000 and 77-003-01-0052-000, spanning across Oakland and Wayne counties. Its strategic location in Northville, Michigan, zip code 48167, provides easy access to major transportation routes and amenities. This turnkey investment is perfect for those seeking a stable, high-performing asset in a thriving market. The property's modern design and substantial parking make it an attractive option for a variety of businesses. Interested parties should inquire for further details regarding this exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
27,052 SF
Lot
0.84 ac (36,590 SF)
Zoning code
OS
APN
77 003 01 0051 000
UPID
US43-1442854
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
-
Real Estate Agency
-
Insurance Agency
-
Law Firm
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$2.24M
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
OS · Northville, MI
Top alternative use upside
Apartment house (5+ units)
$6.2M
+135.1%
Commercial (general)
$3.0M
+13.1%
Restaurant
$2.8M
+6.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.24M
Value range
$2.01M – $2.46M
±10% around blend
Estimated value / SF
$83 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$2.01M
blend $2.24M
$2.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,052 SF
Lot area
0.84 ac
Year built
1984
Stories
1
APN
77 003 01 0051 000
Zoning
OS
Assessed value
$2,009,400
Annual tax
$73,262
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$73,262
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.81M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.5 mi away · 23,411 SF
15.0 mi away · 24,066 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 473 sales
$97
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $83/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+135%
vs current-use indication
Commercial (general)
Restaurant
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.28M
Move the market yield to see immediate price impact.
Value / SF
$47
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$81k
$1.61M
$1.15M
$895k
$90k
$1.79M
$1.28M
$995k
$98k
$1.97M
$1.41M
$1.09M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$850k
5.7 mi · Sep 2025 · $44/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$73,262
Tax year 2023
Assessed value
$2,009,400
Assessed 2024
Previous assessed
$1,847,400
+8.8% YoY
Effective rate
3.65%
On assessed value
Total market value
$4,018,800
Applied tax rate
82,390.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
27,052 SF
Lot
0.84 ac (36,590 SF)
Zoning code
OS
APN
77 003 01 0051 000
UPID
US43-1442854
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Northville, MIZoning OS · permitted uses
OS · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OS
Jurisdiction
Northville, MI
Recorded code
OS
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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