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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Commercial real estate
44725 Grand Riv Ave, Novi, MI 48375-1024
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0806508
Property summary
AI-generated overview
This exceptional two-story office building, totaling 21,000 square feet, offers flexible lease options in the thriving city of Novi, Michigan. Located on Grand River Avenue, between Novi Road and Beck Road, this prime location boasts excellent visibility to over 15,000 daily motorists. The building features ample parking and allows for both general office and medical office uses. Individual suites range from a minimum of 1,305 square feet to a maximum contiguous space of 3,161 square feet, providing options for businesses of various sizes. The convenient access to I-96 via Novi Road or Beck Road ensures easy commutes for employees and clients. This premium office building offers a highly desirable location with the added benefit of monument signage opportunities, enhancing brand visibility. The building's proximity to Novi's vibrant restaurants and shops provides added convenience for tenants and their employees. This is an unparalleled opportunity to secure high-quality office space in a bustling and accessible location within Oakland County. Contact us today to learn more about available suites and lease terms.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
20,806 SF
Lot
2.02 ac (87,991 SF)
Zoning code
I-1
APN
50-22-15-376-012
UPID
US43-0806508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Colleen Crossey, Counselor Life Coach Child Psychologist
-
Jason Sheppard, Counselor Psychotherapist Family Counselor
-
Clark Wellness Gym & Fitness Center Alternative Medicine Practice
-
Joseph Montgomery, Psychiatric Nurse Practitioner Physician
-
LifeStance Therapists & Psychiatrists Novi Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.49M
Owner & transaction history
44725 Grand River LLC · 1 yrs held
44725 Grand River LLC
since 2025
7 recorded transactions
Zoning & alternative use
I-1 · Novi, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+28.0%
Retail stores
$3.5M
+24.8%
Medical building
$3.3M
+16.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Novi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Novi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,815,000
Current use
RESTAURANT
$3,600,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$3,510,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$3,285,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,550,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$2,440,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,819
Tax year 2023
Assessed value
$1,103,610
Assessed 2023
Previous assessed
$1,103,610
+0.0% YoY
Effective rate
3.52%
On assessed value
Total market value
$2,207,220
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
20,806 SF
Lot
2.02 ac (87,991 SF)
Zoning code
I-1
APN
50-22-15-376-012
UPID
US43-0806508
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Novi, MI
Zoning I-1 · permitted uses
I-1 · Novi, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Novi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
44725 Grand River LLC
Entity
Free & Clear · 1 yrs held
Mailing address
812 S MAIN ST STE #200, ROYAL OAK, MI 48067-3280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
—
44725 Grand River LLC
Grand Offices Of Novi LLC
Warranty Deed
—
Mar 19, 2025
—
4475 Grand River LLC
—
Deed
related
$3,157,425 · People Driven Cu
Mar 5, 2021
—
Grand Offices Of Now LLC
—
Deed
related
$1,000,000 · Level One Bank
Mar 4, 2021
—
Grand Offices Of Novi LLC
—
Deed
related
$1,750,000 · Level One Bank
Sep 2, 2011
—
Grand Offices Of Novi LLC
Bank Of Ann Arbor
Quit Claim Deed
related
—
May 24, 2011
$675,000
Liberty Bk New
Sheriff Of Oakland County
Trustees Deed
related
—
Jul 28, 2008
—
Damas Grand River Props LLC
—
Trustees Deed
related
$2,800,000 · New Liberty Bank
Aug 10, 2004
$350,000
Damas Grand River Props LLC
Tvardek,charles & Katherine B
Warranty Deed
—
Aug 10, 2004
$100,000
Charles Tvardek
Romanow,victoria M
Warranty Deed
—
—
—
Damas Grand River Props LLC
—
Deed Of Trust
related
$200,000 · New Liberty Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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