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42450 W Twelve Mile Rd Novi, MI 48377

Commercial real estate Google Maps
22,929 SF 1.42 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US43-0220537

Property summary

AI-generated overview

This exceptional 25,500-square-foot office building presents a unique opportunity for businesses seeking a prestigious location in Novi, Michigan. Situated at 42450 W 12 Mile Rd, this traditional office space offers unparalleled visibility on a major thoroughfare. The building boasts a highly desirable location near Twelve Oaks Mall, upscale residential neighborhoods, and senior living communities, ensuring a strong tenant base and convenient access to amenities. Its proximity to I-96 and M-5 expressways provides excellent accessibility for employees and clients. The property is currently available for both sale and lease, with flexible space options ranging from 1,361 to 6,762 square feet. The building itself is considered upscale, reflecting a commitment to quality and modern design. Ideal for medical or general office use, this property offers immediate occupancy and ample parking. The building's location in Oakland County, Michigan, zip code 48377, provides access to a thriving business community and a wealth of local resources. This is an exceptional opportunity to acquire a highly visible and well-located office space in a prime Novi location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 22,929 SF
Lot 1.42 ac (61,855 SF)
Zoning code OS-1
APN 50-22-11-300-007
UPID US43-0220537

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$1.1M
6 recorded transactions
2025
$1.1M
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OS-1 · Novi, MI
Zoning description

3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standards on pg 3-34 and Selected References 1003A.7 Building Design 89 3 3.25.2.G 3-113 O…

General category UNKNOWN

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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