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Meadowbrook Office Building

Off-Market

41555 West 12 Mile Road, Novi, MI 48377

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  • Property Type Office - General Office
  • Property Size 40,386 Sqft
  • Lot Size 6 Acre
  • Parking Spaces Avail. 220
  • Parking Ratio 5.47/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class B
  • Year Built 2007

Location

  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • 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
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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.

  • 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 $5,584,100
  • Assessed Value $5,584,100

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

Frequently Asked Questions

What is the total square footage of Meadowbrook Office Building?

Meadowbrook Office Building totals 40,386 square feet.

When was this property built?

Meadowbrook Office Building was built in 2007.

What is the market value for Meadowbrook Office Building?

The market value for Meadowbrook Office Building in 2021 was $5,584,100.

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