Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    48600 Grand Riv Ave Novi, MI 48374-1227

    • Commercial real estate
    • 2.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 31, 2024
    Location Intelligence
    Property ID
    US43-2520802
    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

    • The Goddard School of Novi / Private Educational Institution / Summer Camp

    Property Details for 48600 Grand Riv Ave

    Year built
    2017
    Lot size
    2.10 lot acres
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    50-22-17-126-012
    APU
    502217126012

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5292
    Latitude
    42.4929
    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
    $41,691
    $0.00
    $0.00
    $947,220
    -
    $0.00
    $0.00
    $1,894,440

    Comparable in this City

    • Value Estimation by Request
      1.83 Acres

      47440-47950 Grand River Ave

      Land • 1.83 Acres
      47440-47950 Grand River Ave, Novi, MI 48374
      View Details
    • Value Estimation by Request
      144.50 Acres

      47601 Grand Riv Ave

      COMMERCIAL (GENERAL) • 144.50 Acres
      47601 Grand Riv Ave, Novi, MI 48374-1233
      View Details
    • Value Estimation by Request
      4.38 Acres

      26195 Beck Rd

      COMMERCIAL (GENERAL) • 4.38 Acres
      26195 Beck Rd, Novi, MI 48374-1803
      View Details
    • Value Estimation by Request
      427,913 SF

      47305 Central Park Blvd

      COMMERCIAL (GENERAL) • 427,913 SF
      47305 Central Park Blvd, Novi, MI 48374-1829
      View Details
    • Value Estimation by Request
      4,243 SF

      27250 Wixom Rd

      COMMERCIAL (GENERAL) • 4,243 SF
      27250 Wixom Rd, Novi, MI 48374-1116
      View Details
    • Value Estimation by Request
      4.15 Acres

      26095 Taft Rd

      COMMERCIAL (GENERAL) • 4.15 Acres
      26095 Taft Rd, Novi, MI 48374-1900
      View Details

    Similar Nearby for Sale

    • $2,400,000
      7.86 Acres

      Novi Commercial Land: 7.86 Acres

      Prime Novi location, high traffic, development potential.
      47460 Eleven Mile Rd, Novi, MI 48374
      View Details
    • $300,000
      2 SF

      Land for Sale in Novi

      2.01 acres of commercial land in Novi, Michigan.
      Grand River Ave, Novi, MI 48374
      View Details
    • $1,200,000
      2.00 Acres

      Novi Vacant Land Opportunity

      Two-acre vacant land parcel in Novi's City West district.
      45800 Grand River Ave, Novi, MI 48374
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Novi Office Space Available

      Office space for rent at 26850 Providence Parkway, Novi.
      26850 Providence Pkwy, Novi, MI 48374
      View Details
    • $25 SF/Yr
      50,028 SF

      Novi Medical Office Space Available

      Class A Office Suites, Flexible Sizes
      26750 Providence Pkwy, Novi, MI 48374
      View Details
    • $3,100 /Mo

      Well-Maintained Condo in Island Lake

      3-bedroom condo with resort-style amenities in Novi, MI.
      49987 Blackberry Trl, Novi, MI 48374
      View Details
    • $16 SF/Yr
      303,962 SF

      Novi Retail Center - I-96 Corridor

      High-traffic retail space, excellent visibility.
      47440-47950 Grand River Ave, Novi, MI 48374
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    48600 Grand Riv Ave
    Novi, MI 48374-1227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.