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Novi Office Centre

Off-Market

27780 Novi Road, Novi, MI 48377

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  • Property Type Office - General Office
  • Property Size 39,714 SF
  • Lot Size 2 Acre
  • Parking Spaces Avail. 143
  • Parking Ratio 3.61/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

Location

  • Walk Score ® Car-Dependent (47)
  • Bike Score ® Somewhat Bikeable (36)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

BP

0.24 miles

Sunoco

0.82 miles

Mobil

0.85 miles

Shell

1.28 miles

Speedway

1.78 miles

Marathon

1.82 miles

BP

1.96 miles

Shell

2.02 miles

Kroger

2.19 miles

Mobil

2.51 miles

Lakeshore Park Skills Area Parking Lot

0.80 miles

North Parking Lot

1.03 miles

MTB Tralhead Parking

1.37 miles

MDOT Public Carpool Parking

1.96 miles

Michigan Air Line Trailhead Parking Lot

3.23 miles

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

3.37 miles

MDOT Carpool Lot

4.28 miles

Wixom Habitat Parking

4.47 miles

Trailhead Parking for WBT & MALT Trails

4.58 miles

Parking Lot A

4.87 miles

The Baronette Renaissance

0.09 miles

Four Points by Sheraton Detroit Novi

0.36 miles

DoubleTree

0.66 miles

Sonesta Select Detroit Novi

0.84 miles

TownePlace Suites Detroit Novi

0.85 miles

Hyatt Place Detroit/Novi

1.31 miles

Holiday Inn Express & Suites

1.84 miles

Staybridge Suites Detroit - Novi

2.49 miles

Hawthorn Suites

2.93 miles

Hampton Inn Detroit-Novi

2.96 miles

Toasted Oak Grill & Market

0.11 miles

Red Lobster

0.15 miles

Subway

0.16 miles

Siam Spicy

0.17 miles

Carrabba's Italian Grill

0.21 miles

Auntie Anne's

0.22 miles

Chick-fil-A

0.22 miles

Nestlé Toll House Café

0.24 miles

Genji

0.26 miles

Sedona Taphouse

0.27 miles

South University

0.94 miles

Early Childhood Education Center

1.45 miles

Meadowbrook Elementary School

1.50 miles

Parkview Elementary School

1.58 miles

Novi Adult Education

1.61 miles

Novi Meadows School

1.62 miles

Novi Career Preparation High School

1.63 miles

Novi Woods Elementary School

1.73 miles

Novi Christian Academy

1.95 miles

Hickory Woods Elementary School

1.96 miles

KinderCare Learning Center

3.15 miles

Childtime Learning

3.31 miles

Minto's Casa

5.02 miles

Little Hearts Learning Home - Child Care and Pre-School

5.30 miles

Lakes Area Montesorri

5.97 miles

KinderCare

6.14 miles

Country Hills Montessori

6.20 miles

Tutor Time

6.20 miles

The Learning Experience

6.39 miles

Everbrook Academy of West Bloomfield

6.50 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 12 Apr, 2022
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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* $3,762,500
  • Assessed Value $3,762,500

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 Novi Office Centre?

Novi Office Centre totals 39,714 square feet.

When was this property built?

Novi Office Centre was built in 1986.

When was Novi Office Centre last sold?

Novi Office Centre was last sold on 12 Apr, 2022.

What is the market value for Novi Office Centre?

The market value* for Novi Office Centre in 2021 was $3,762,500.
*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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