Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3965 Okemos Rd Okemos, MI 48864

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $12,393,000

    Professionally managed office portfolio in East Lansing submarket.

    Property size:
    104,783 SF
    Lot size:
    0.29 Acres

    Property Features for 3965 Okemos Rd

    General Information

    Size
    104,783 SF
    Lot size
    0.29 Acres

    We can help!

    Listing Contact
    Logan Mcanallen
    Source: Moodyscre

    Listing Agent: Logan Mcanallen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    East Lansing Office Portfolio

    This is a professionally managed office portfolio consisting of nine buildings, totaling over 104,000 square feet. The property is located within the East Lansing submarket, an area known for its strong demographics within Greater Lansing. It benefits from convenient access to I-96, situated approximately 1 mile away. The location is also approximately 3 miles from Michigan State University, a major research university with a large population of over 49,000 students and 13,000 faculty and staff, offering tremendous economies of scale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Franklin Energy Utility Contractor SWTCH Charging Station Electric Vehicle Charging Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.433139
    Latitude
    42.69634

    Nearby Similar for Sale

    • $429,900
      3,632 SF

      Charming Okemos Office Building For Sale

      Classic 2.5-story Cape Cod office building in downtown Okemos.
      4632 Okemos Rd, Okemos, MI 48864
      View Details
    • New
      $299,000
      1,492 SF

      Okemos Commercial Property For Sale

      Commercial property in Okemos, Michigan, suitable for various uses.
      2936 Jolly Rd, Okemos, MI 48864
      View Details
    • Contact for pricing
      12,960 SF

      Okemos Road Commercial Property

      Modern commercial property with prime visibility and accessibility.
      3955 Okemos Rd, Okemos, MI 48864
      View Details
    • Contact for pricing
      5,921 SF

      Prime Commercial Property in Okemos

      Flexible office space with access to I-96 and local amenities.
      2342 Woodlake Dr, Okemos, MI 48864
      View Details
    • $2,500,000
      8,057 SF

      Restaurant Site in Okemos

      Restaurant property in high-traffic Meridian Township entertainment and shopping area.
      4880 Marsh Rd, Okemos, MI 48864
      View Details
    • Contact for pricing
      74,000 SF

      Upscale Retail Strip Center

      Prime retail location near Meridian Mall with high traffic volume.
      5100 Marsh Rd, Okemos, MI 48864
      View Details
    • $179,900
      1,524 SF

      Okemos Office Condo For Sale

      Office condominium with meeting room and basement storage in Okemos.
      4265 Okemos Rd, Okemos, MI 48864
      View Details
    • Contact for pricing

      Regional Shopping Center For Sale

      240,000 SF shopping center anchored by Kroger, Marshalls and Target.
      4886 Marsh Rd, Okemos, MI 48864
      View Details
    • Contact for pricing
      21,772 SF

      Two-Story Corporate-Style Office Building

      Two-story Class A office building with impressive suite finishes.
      2150 Association Dr, Okemos, MI 48864
      View Details
    • Contact for pricing
      5,454 SF

      Okemos Office Building For Sale

      5,500 SF office building in The Woodlands office park.
      2410 Woodlake Dr, Okemos, MI 48864
      View Details
    • Contact for pricing
      18,800 SF

      Okemos Retail Space Available

      Retail spaces available in a busy Okemos retail center.
      1754 Central Park Dr, Okemos, MI 48864
      View Details
    • $100,000
      912 SF

      Okemos Road Office Condominium

      Class A office condominium with conference room, convenient location.
      4125 Okemos Rd, Okemos, MI 48864
      View Details

    FAQs

    What type of property is this?
    Office building - Professionally managed office portfolio in East Lansing submarket.
    Where is this office building located?
    The property is located at 3965 Okemos Rd Okemos, MI.
    What is the asking price?
    The asking price for this property is $12,393,000.
    What are key features of this property?
    This property features: - Professionally managed office portfolio of nine buildings totaling over 104,000 square feet.; - Located in East Lansing, one of Greater Lansing's top submarkets with strong demographics.; - Easy access to I-96 (approximately 1 mile).
    (517) 282-2861
    Request Owner's contact information
    3965 Okemos Rd Okemos, MI 48864
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3965 Okemos Rd
    Okemos, MI 48864
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3965 Okemos Rd Okemos, MI 48864
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Logan Mcanallen
    (517) 282-2861
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.