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    Property profile & analytics

    Novi, MI 48377

    • Industrial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3679441
    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

    Property type
    Industrial land
    APN
    50-22-09-451-029
    APU
    502209451029

    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
    -83.505
    Latitude
    42.4953
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.45 Acres

      46998 12th Mile Rd

      INDUSTRIAL - VACANT LAND • 4.45 Acres
      46998 12th Mile Rd, Novi, MI 48377-3218
      View Details
    • Value Estimation by Request
      8.71 Acres

      Novi, MI 48377

      INDUSTRIAL - VACANT LAND • 8.71 Acres
      Novi, MI 48377
      View Details
    • Value Estimation by Request
      104,108.00 Acres

      Novi, MI 48377

      INDUSTRIAL - VACANT LAND • 104,108.00 Acres
      Novi, MI 48377
      View Details
    • Value Estimation by Request
      1.63 Acres

      Novi, MI 48377

      INDUSTRIAL - VACANT LAND • 1.63 Acres
      Novi, MI 48377
      View Details
    • Value Estimation by Request
      5.00 Acres

      Novi, MI 48377

      INDUSTRIAL - VACANT LAND • 5.00 Acres
      Novi, MI 48377
      View Details
    • Value Estimation by Request
      3.04 Acres

      47000 12th Mile Rd

      INDUSTRIAL - VACANT LAND • 3.04 Acres
      47000 12th Mile Rd, Novi, MI 48377-3219
      View Details

    Similar Nearby for Sale

    • $450,000

      4.2 Acre Novi Parcel

      4.2 acre parcel in Novi/Wixom corridor, build-to-suit opportunity.
      West Rd, Novi, MI 48377
      View Details
    • Contact for pricing

      Vacant Land in Corporate Park

      1.09 acres of vacant land with site plan approval.
      29580 Hudson Dr, 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
    • $900,000
      14.33 Acres

      Novi Office Land Development Opportunity

      14.33 Acres, Prime Novi Location
      12 Mile Rd, Novi, MI 48377
      View Details
    • $899,999

      Novi Land Parcel For Sale

      Five-acre parcel zoned for medical office use in Novi.
      28331 Haggerty Rd, Novi, MI 48377
      View Details
    • $975,000

      Corner Land Development Opportunity

      2.48 acres of vacant land for retail or office.
      Novi, MI 48377
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      10,000 SF

      Novi Restaurant Space - 10,000 SF

      Prime Novi restaurant, fully built-out.
      44325 Twelve Mile Rd, Novi, MI 48377
      View Details
    • $12 SF/Yr
      17,742 SF

      Novi Executive Office Space

      14,142 SF Available, Prime Location
      26800 Meadowbrook Rd, Novi, MI 48377
      View Details
    • Contact for pricing

      Novi Commercial Property For Rent

      Commercial property available for rent in Novi, Michigan.
      46850 Magellan Dr, 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
    • $14 SF/Yr
      58,430 SF

      Novi Executive Office Space

      Class A Office Suites, ±22,000 SF Available
      28100 Cabot Dr, Novi, MI 48377
      View Details
    • Contact for pricing
      37,397 SF

      Novi Retail Space - Beck Road

      Prime Novi location, 3,690 sq ft available.
      31202 Beck Rd, Novi, MI 48377
      View Details
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    Novi, MI 48377
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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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