46850 Magellan Drive

46850 Magellan Drive, Novi, MI 48377

Off-Market

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  • Property Type Industrial - Flex - Industrial
  • Property Size 43,212 SF
  • Lot Size 4.2 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2000

Location

  • Walk Score ® Car-Dependent (11)
  • Bike Score ® Somewhat Bikeable (28)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

Fuel station

Marathon

1.37 miles

Shell

3.63 miles

BP

5.84 miles

Mobil

6.73 miles

BP

7.33 miles

Sunoco

7.66 miles

2 stations

7.85 miles

Citgo

8.23 miles

Sunoco

8.56 miles

BP

8.67 miles

Parking

North Parking Lot

2.69 miles

North Parking Lot

7.10 miles

permit required

7.18 miles

East Parking Lot

7.24 miles

Lot 3

7.32 miles

South Parking Lot

7.37 miles

Horse Staging Area

7.46 miles

West Boat Launch

8.30 miles

Lot D

8.76 miles

Public Car Pool Parking

9.13 miles

Restaurants

Culver's

1.38 miles

Lifestyle Cafés

2.29 miles

Pei Wei

2.57 miles

Bangkok 18

3.05 miles

Subway

4.99 miles

Joseph's Coney Island

5.38 miles

Arby's

5.55 miles

Qdoba

6.02 miles

McDonald's

6.36 miles

House of Lee

6.61 miles

Stores

Rent-a-Center

1.18 miles

ALDI

1.43 miles

Twelve Mile Crossing at Fountain Walk

1.65 miles

West Oaks II

1.70 miles

Sears Outlet

1.72 miles

Target

1.79 miles

West Oaks I

1.85 miles

Twelve Oaks Mall

2.24 miles

Nordstrom

2.36 miles

TJ Maxx

2.52 miles

Safety

CVS Pharmacy

1.29 miles

Providence Park Hospital

1.39 miles

Urgent Care of Novi

1.54 miles

Novi Fire Department

2.75 miles

Novi Kidney Center

2.76 miles

Wixom Fire Station

2.79 miles

Walled Lake Fire Department

2.94 miles

City of Novi Lee C. Begole Police Headquarters

3.12 miles

Novi Fire Station #4

3.17 miles

PrimeCare Urgent Care of Novi

4.52 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 13 Sep, 2018
  • 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
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 (SF) 269,869
View more Novi market trends

Tax

  • Market Value* $3,037,980
  • Assessed Value $3,037,980

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 46850 Magellan Drive?

46850 Magellan Drive totals 43,212 square feet.

When was this property built?

46850 Magellan Drive was built in 2000.

When was 46850 Magellan Drive last sold?

46850 Magellan Drive was last sold on 13 Sep, 2018.

What is the market value for 46850 Magellan Drive?

The market value* for 46850 Magellan Drive in 2022 was $3,037,980.
*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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