The Cubes at Novi

Off-Market

46844 West 12 Mile Road, Novi, MI 48377

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 310,500 SF
  • Lot Size 20 Acre

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • 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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Novi Office Market

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

  • 2022 Avg. Asking Rent $29.74
  • 2022 Office Vacancy Rate 16.74%
  • 2022 Office Completions (SF)
View more Novi market trends

Location

Getting Around

  • Walk Score ®

    10/100 Car-Dependent
  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • Shell

    0.49 miles

  • Mobil

    1.34 miles

  • Sam's Club

    1.38 miles

  • Shell

    1.41 miles

  • Exxon

    1.42 miles

  • Valero

    1.43 miles

  • Marathon

    1.54 miles

  • Meijer

    1.58 miles

  • BP

    1.64 miles

  • Kroger

    1.92 miles

  • MDOT Public Carpool Parking

    0.29 miles

  • Lakeshore Park Skills Area Parking Lot

    1.39 miles

  • MTB Tralhead Parking

    1.51 miles

  • ShearWater Trailhead Parking Lot for M.A.L.T.

    2.54 miles

  • North Parking Lot

    2.64 miles

  • Wixom Habitat Parking

    3.20 miles

  • Michigan Air Line Trailhead Parking Lot

    3.28 miles

  • Trailhead Parking for WBT & MALT Trails

    5.27 miles

  • MDOT Carpool Lot

    5.50 miles

  • Trailhead

    5.60 miles

  • The Grand Diner

    1.14 miles

  • Buddy's Pizza

    1.22 miles

  • Tropical Smoothie Cafe

    1.23 miles

  • Beerhead Bar & Eatery

    1.29 miles

  • Chuck E. Cheese's

    1.29 miles

  • Bar Louie

    1.31 miles

  • Buffalo Wild Wings

    1.31 miles

  • Taipae 101

    1.32 miles

  • Noodle Topia

    1.33 miles

  • Black Rock

    1.34 miles

  • Kroger

    0.60 miles

  • Twelve Mile Crossing at Fountain Walk

    1.32 miles

  • Gordon Food Service

    1.33 miles

  • Sears Outlet

    1.39 miles

  • Kohl's

    1.42 miles

  • Target

    1.42 miles

  • West Oaks II

    1.48 miles

  • ALDI

    1.49 miles

  • Marshalls

    1.50 miles

  • West Oaks I

    1.54 miles

  • Providence Park Hospital

    0.86 miles

  • Urgent Care of Novi

    1.37 miles

  • All Patients Urgent Care

    1.89 miles

  • CVS Pharmacy

    1.91 miles

  • Novi Urgent Care

    1.98 miles

  • Creams N' Caps

    2.05 miles

  • CVS

    2.12 miles

  • Novi Kidney Center

    2.13 miles

  • Rite Aid

    2.27 miles

  • Novi Fire Department

    2.34 miles

Frequently Asked Questions

What is the total square footage of The Cubes at Novi?

The Cubes at Novi totals 310,500 square feet.

What is the market value for The Cubes at Novi?

The market value* for The Cubes at Novi in 2023 was $2,551,240.

*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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