West Oaks

Off-Market

43825 West Oaks Drive, Novi, MI 48377

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  • Property Type Retail - Community Center
  • Property Size 304,779 SF
  • Lot Size 21.11 Acre
  • Parking Spaces Avail. 1142
  • Parking Ratio 3.75 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1980

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.

  • 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 ®

    46/100 Car-Dependent
  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • BP

    0.44 miles

  • Sunoco

    0.69 miles

  • Mobil

    0.75 miles

  • Shell

    1.53 miles

  • Speedway

    1.67 miles

  • Marathon

    1.71 miles

  • Shell

    1.73 miles

  • Kroger

    1.89 miles

  • BP

    2.27 miles

  • Mobil

    2.68 miles

  • Lakeshore Park Skills Area Parking Lot

    0.85 miles

  • North Parking Lot

    1.36 miles

  • MTB Tralhead Parking

    1.42 miles

  • MDOT Public Carpool Parking

    1.68 miles

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

    3.34 miles

  • Michigan Air Line Trailhead Parking Lot

    3.36 miles

  • MDOT Carpool Lot

    4.30 miles

  • Wixom Habitat Parking

    4.37 miles

  • Trailhead Parking for WBT & MALT Trails

    4.84 miles

  • Parking Lot A

    4.96 miles

  • Noodle Topia

    0.16 miles

  • Black Rock

    0.17 miles

  • Taipae 101

    0.17 miles

  • Bar Louie

    0.19 miles

  • Cherry Blossom

    0.19 miles

  • Buffalo Wild Wings

    0.20 miles

  • Beerhead Bar & Eatery

    0.20 miles

  • Carrabba's Italian Grill

    0.20 miles

  • Genji

    0.22 miles

  • Chuck E. Cheese's

    0.23 miles

  • West Oaks I

    0.06 miles

  • Sears Outlet

    0.10 miles

  • Twelve Mile Crossing at Fountain Walk

    0.18 miles

  • West Oaks II

    0.25 miles

  • Kohl's

    0.26 miles

  • Marshalls

    0.29 miles

  • Gordon Food Service

    0.30 miles

  • Macy's

    0.48 miles

  • Sears

    0.53 miles

  • Twelve Oaks Mall

    0.59 miles

Frequently Asked Questions

What is the total square footage of West Oaks?

West Oaks totals 304,779 square feet.

When was this property built?

West Oaks was built in 1980.

What is the market value for West Oaks?

The market value* for West Oaks in 2022 was $18,691,560.
*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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