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Financial
Distress signals
Property profile

43700 12th Mile Rd Novi, MI 48377

OFF-MARKET
Industrial properties
Property ID
US43-0217531
15,367 SF 3.33 ac lot Built 1979
Last sale Apr 2001 · $23,250
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$603k
Effective rate4.16%

Value estimate

· Oct 2026
$425k
$383k – $468k
Submarket $/SF estimate$1.65M

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$81/SF
County average, outlier-cleaned · 341 recorded sales of this use type
Observed band · Q1–Q3$53 – $107
Qualifying comparables23

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?
OS-1
3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standar...
General categoryUNKNOWN
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.2
Storage Facility10.2
Garden Center9.8

Location

43700 12th Mile Rd Novi, MI 48377-2606
County assessor Recorded deeds · 6 transfers 23 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

2 recorded sales · 15 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
46900 Ww, Novi, MI 48377-1726 $535,000 Jun 2020 4,680 SF
45380 Park, Novi, MI 48377-1369 $134,400 Jul 2019 4,846 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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