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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46643 Ryan Ct Novi, MI 48377-1730

    • Manufacturing properties
    • 110,548 SF
    • 19.00 lot acres
    OFF-MARKET
    Value Estimations
    $6,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1674237
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TREMEC Corporation / Corporate Office

    Property Details for 46643 Ryan Ct

    Year built
    2015
    Lot size
    19.00 lot acres
    Property size
    110,548 SF
    Zone code
    M-1
    Property type
    Manufacturing properties
    APN
    96-22-04-326-005
    APU
    962204326005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,581,000
      Market price range: $5.87M - $11.8M
      AI Estimate
      $5,339,000
      Market price range: $2.59M - $8.92M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $8,950,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,290,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5132
    Latitude
    42.5121
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $117,762
    $0.00
    $0.00
    $3,122,370
    -
    $0.00
    $0.00
    $6,244,740

    Comparable in this City

    • Value Estimation
      $9,425,000
      110,548 SF

      46643 Ryan Ct

      MANUFACTURING (LIGHT) • 110,548 SF
      46643 Ryan Ct, Novi, MI 48377-1730
      View Details
    • Value Estimation by Request

      30001 Cabot Dr

      INDUSTRIAL (GENERAL)
      30001 Cabot Dr, Novi, MI 48377-2910
      View Details
    • Value Estimation by Request

      45501 12th Mile Rd

      INDUSTRIAL (GENERAL)
      45501 12th Mile Rd, Novi, MI 48377-2403
      View Details
    • Value Estimation by Request
      0.61 Acres

      1919 Paramount St

      INDUSTRIAL (GENERAL) • 0.61 Acres
      1919 Paramount St, Novi, MI 48377-2094
      View Details
    • Value Estimation by Request

      27101 Cabaret Dr

      INDUSTRIAL (GENERAL)
      27101 Cabaret Dr, Novi, MI 48377-3312
      View Details
    • Value Estimation by Request

      39600 Lewis Dr

      INDUSTRIAL (GENERAL)
      39600 Lewis Dr, Novi, MI 48377-2953
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Novi, MI Master Planned Land

      2.85 Acres, Mixed-Use Potential
      46735 Twelve Mile Rd, Novi, MI 48377
      View Details
    • Contact for pricing
      180,000 SF

      27175 Haggerty Rd

      Flex space • 180,000 SF
      27175 Haggerty Rd, Novi, MI 48377
      View Details
    • $200,000
      1.14 Acres

      Novi Industrial Land - $200K

      1.14-acre industrial lot, Novi, MI.
      0 Magellan Rd, Novi, MI 48377
      View Details
    • Contact for pricing
      176,160 SF

      Multi-Tenant Flex/R&D Park Investment

      Class A flex/R&D park in Novi, Michigan for sale.
      27175 Haggerty Rd, Novi, MI 48377
      View Details
    • Contact for pricing
      37,725 SF

      Novi Flex Space Opportunity

      Flex space for sale, lease, or build-to-suit near I-96/696.
      27629 Haggerty Rd, Novi, MI 48377
      View Details
    • Contact for pricing
      1.09 Acres

      Novi Industrial Land - 1.09 Acres

      Prime Novi industrial land, build-to-suit or outright purchase.
      29580 Hudson Dr, Novi, MI 48377
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      139,726 SF

      Novi Industrial Facility - 139,726 SF

      10-acre site, I-96 access, ready for build-out.
      45833 Twelve Mile Rd, Novi, MI 48377
      View Details
    • $13 SF/Yr
      10,250 SF

      Novi R&D Park Suites

      R&D park suites available with frontage on Haggerty Road.
      27275 Haggerty Rd, Novi, MI 48377
      View Details
    • $13 SF/Yr
      11,834 SF

      Novi High-Tech/R&D Space Available

      Flexible high-tech/R&D space with heavy power and high-bay.
      27000 Meadowbrook Rd, Novi, MI 48377
      View Details
    • Contact for pricing

      Class A R&D Flex Building

      High image flex building with excellent access to major highways.
      39575-39625 Lewis Dr, Novi, MI 48377
      View Details
    • $12 SF/Yr
      5,000 SF

      Move-in Ready Office Space Available

      Office space for lease, warehouse space potentially available.
      46635 Magellan Dr, Novi, MI 48377
      View Details
    • $13 SF/Yr
      176,160 SF

      Novi Research Park: Prime Office/Industrial Space

      Modern Novi Office & Warehouse Suites Available
      27175-27275 Haggerty Rd, Novi, MI 48377
      View Details
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    46643 Ryan Ct
    Novi, MI 48377-1730
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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