Contact Property

42445 West 10 Mile Road

Off-Market

42445 West 10 Mile Road, Novi, MI 48375

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 107,228 Sqft
  • Lot Size 17 Acre
  • Parking Spaces Avail. 155
  • Parking Ratio 1.45/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1983

Location

  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 14 Feb, 2017
  • Purchase Price $5,150,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Novi

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Novi Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.25
  • 2020 Office Vacancy Rate 14.25%
  • 2020 Office Completions (Sqft) 269,869
View more Novi market trends

Tax

  • Market Value $4,252,100
  • Assessed Value $4,252,100

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 42445 West 10 Mile Road?

42445 West 10 Mile Road totals 107,228 square feet.

When was this property built?

42445 West 10 Mile Road was built in 1983.

When was 42445 West 10 Mile Road last sold?

42445 West 10 Mile Road was last sold on 14 Feb, 2017.

What was the last purchase price for 42445 West 10 Mile Road?

42445 West 10 Mile Road was last sold for $5,150,000.

What is the market value for 42445 West 10 Mile Road?

The market value for 42445 West 10 Mile Road in 2021 was $4,252,100.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.