27775 Novi Road

Off-Market

27775 Novi Road, Novi, MI 48377

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

  • Property Type Retail
  • Property Size 102,819 SF
  • Lot Size 6.7 Acre
  • Property Tenancy Single Tenant
  • Year Built 1980

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 01 Mar, 2017
  • 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.

  • 2021 Avg. Asking Rent $22.78
  • 2021 Office Vacancy Rate 14.93%
  • 2021 Office Completions (SF)
View more Novi market trends

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent
  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • BP

    0.24 miles

  • Sunoco

    0.80 miles

  • Mobil

    0.84 miles

  • Shell

    1.33 miles

  • Speedway

    1.78 miles

  • Marathon

    1.82 miles

  • Shell

    1.90 miles

  • Kroger

    2.07 miles

  • BP

    2.08 miles

  • Mobil

    2.60 miles

  • Lakeshore Park Skills Area Parking Lot

    0.76 miles

  • North Parking Lot

    1.14 miles

  • MTB Tralhead Parking

    1.33 miles

  • MDOT Public Carpool Parking

    1.84 miles

  • Michigan Air Line Trailhead Parking Lot

    3.23 miles

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

    3.31 miles

  • MDOT Carpool Lot

    4.33 miles

  • Wixom Habitat Parking

    4.39 miles

  • Trailhead Parking for WBT & MALT Trails

    4.64 miles

  • Parking Lot A

    4.94 miles

  • Siam Spicy

    0.14 miles

  • Subway

    0.14 miles

  • Carrabba's Italian Grill

    0.18 miles

  • Toasted Oak Grill & Market

    0.18 miles

  • Red Lobster

    0.19 miles

  • Cherry Blossom

    0.20 miles

  • Genji

    0.24 miles

  • Chick-fil-A

    0.25 miles

  • Chuck E. Cheese's

    0.33 miles

  • Auntie Anne's

    0.34 miles

  • West Oaks II

    0.17 miles

  • Marshalls

    0.18 miles

  • West Oaks I

    0.20 miles

  • Kohl's

    0.22 miles

  • Macy's

    0.31 miles

  • Gordon Food Service

    0.31 miles

  • Sears Outlet

    0.31 miles

  • Sears

    0.33 miles

  • Twelve Mile Crossing at Fountain Walk

    0.37 miles

  • Twelve Oaks Mall

    0.41 miles

Frequently Asked Questions

What is the total square footage of 27775 Novi Road?

27775 Novi Road totals 102,819 square feet.

When was this property built?

27775 Novi Road was built in 1980.

When was 27775 Novi Road last sold?

27775 Novi Road was last sold on 01 Mar, 2017.

What is the market value for 27775 Novi Road?

The market value* for 27775 Novi Road in 2022 was $6,322,900.
*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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