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Property profile & analytics
FOR SALE
Commercial land
9 Nine Mile Rd Novi, MI 48375
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2556308
For Sale
1 / 3
$2,200,000
9 Nine Mile Rd, Novi, MI 48375
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.33 ac (101,495 SF)
Zoning code
OS-1
APN
50-22-25-400-027
UPID
US43-2556308
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
9 Mile Haggerty Novi LLC · 6 yrs held
9 Mile Haggerty Novi LLC
since 2020
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
OS-1 · Novi, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,150,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $930k (Mar 5 2020)
Last sale anchor
$930k
Mar 5 2020
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
—
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
$16,292
Tax year 2023
Assessed value
$360,410
Assessed 2023
Previous assessed
$360,410
+0.0% YoY
Effective rate
4.52%
On assessed value
Total market value
$720,820
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
2.33 ac (101,495 SF)
Zoning code
OS-1
APN
50-22-25-400-027
UPID
US43-2556308
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS-1 · Novi, MI
Zoning OS-1 · permitted uses
OS-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.
Building & site characteristics
From public records
Heating
NONE
Lot
2.33 ac
Current owner
From public records · entity-resolved
9 Mile Haggerty Novi LLC
Entity
Mailing address
5550 HAMPSHIRE DR, WEST BLOOMFIELD, MI 48322-1129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2020
—
9 Mile Haggerty Novi LLC
Masoud Shango
Quit Claim Deed
related
$490,000 · Michigan Schools & Gov't Cu
Mar 4, 2020
$930,000
Masoud Shango
Db Dev LLC
Warranty Deed
$490,000 · Michigan Schools & Gov't Cu
Mar 28, 2019
—
9 Mile Haggerty Novi LLC
Shango,masoud
Quit Claim Deed
related
—
Dec 11, 2003
$850,000
Db Development LLC
Tom P LLC 3
Grant Deed
$2,645,000 · First National Bank Howell
Oct 25, 2001
$450,000
Tom P LLC
Acr LLC
Grant Deed
—
—
—
Db Dev LLC
—
Deed Of Trust
related
$596,000 · United Bank & Trust Co
—
—
Tom P LLC #3
—
Deed Of Trust
related
$240,000 · Fifth Third Bank Eastern Mi
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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