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    Property profile & analytics

    Novi, MI 48375

    • Industrial land
    • 2.03 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 23, 2024
    $3,500,000
    Location Intelligence
    Property ID
    US43-2544666
    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

    • Industrial land

    Property Details

    Lot size
    2.03 lot acres
    Zone code
    I-1
    Property type
    Industrial land
    APN
    50-22-14-451-015
    APU
    502214451015

    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
    -83.4654
    Latitude
    42.4836
    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
    $3,981
    $0.00
    $0.00
    $137,240
    -
    $0.00
    $0.00
    $274,480

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      Novi, MI 48375

      INDUSTRIAL - VACANT LAND • 0.13 Acres
      Novi, MI 48375
      View Details
    • Value Estimation by Request
      1.00 Acre

      Novi, MI 48375

      INDUSTRIAL - VACANT LAND • 1.00 Acre
      Novi, MI 48375
      View Details
    • Value Estimation by Request
      0.33 Acres

      Novi, MI 48375

      INDUSTRIAL - VACANT LAND • 0.33 Acres
      Novi, MI 48375
      View Details
    • Value Estimation by Request
      1.24 Acres

      Novi, MI 48375

      INDUSTRIAL - VACANT LAND • 1.24 Acres
      Novi, MI 48375
      View Details
    • Value Estimation by Request
      1.00 Acre

      Novi, MI 48375

      INDUSTRIAL - VACANT LAND • 1.00 Acre
      Novi, MI 48375
      View Details
    • Value Estimation by Request
      2.79 Acres

      Heslip Dr

      INDUSTRIAL - VACANT LAND • 2.79 Acres
      Heslip Dr, Novi, MI 48375
      View Details

    Similar Nearby for Sale

    • $600,000

      Novi Road Light Industrial Land

      1.60 acres of light industrial land with site plan approval.
      25145 Novi Rd, Novi, MI 48375
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    • $235,000

      Industrial Land in Novi

      1.3 acres of industrial land on Grand River Avenue.
      44911 Grand River Ave, Novi, MI 48375
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    • $200,000

      Novi Road Light Industrial Land

      1.60 acres of light industrial land on Novi Road.
      25125 Novi Rd, Novi, MI 48375
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    • Contact for pricing

      Vacant Land Parcels in Novi

      Four vacant land parcels available near I-696 and I-275.
      & Meadowbrook Grand River Ave, Novi, MI 48375
      View Details
    • $200,000
      1.31 Acres

      Novi Industrial Land - $200K

      1.31-acre industrial lot, Novi, MI.
      22735 Heslip Dr, Novi, MI 48375
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    • $775,000
      2.34 Acres

      Novi Land: Haggerty Road Office Site

      2.34 Acres, Office-zoned Land, Novi, MI
      22279 Haggerty Rd, Novi, MI 48375
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land for Build-to-Suit

      2.79 acres of light industrial land available for build-to-suit.
      Heslip Dr, Novi, MI 48375
      View Details
    • $3,000 /Mo

      Prime Commercial Land in Novi

      Commercial land for rent in the heart of Novi.
      13 Novi Rd, Novi, MI 48375
      View Details
    • $28 SF/Yr
      5,700 SF

      Land for Lease in Novi

      Land available for lease at 9 Mile and Haggerty.
      22453 Haggerty Rd, Novi, MI 48375
      View Details
    • $20 SF/Yr
      7,540 SF

      Novi Medical Office Building

      7,540 SF Medical Office Space Available
      39711-39877 Grand River Ave, Novi, MI 48375
      View Details
    • Contact for pricing
      3,500 SF

      Novi Warehouse - I-96 Corridor

      New Construction, 3,500 SF Warehouse
      0 Grand River Ave, Novi, MI 48375
      View Details
    • Contact for pricing
      40,000 SF

      Novi Warehouse: 40,000 SF Available

      Spacious Novi warehouse, ideal for industrial use.
      0 Heslip Dr, Novi, MI 48375
      View Details
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    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
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