Executive Office
For Sale
$775,000
2104 Jolly Road Suite 200, Okemos, MI 48864
Well-appointed office suite with private rooms, meeting areas, support space, and integrated wired and wireless technology.
Property Size4,582 SF
Price / SF$169.14
Days on Market60
Property Features for 2104 Jolly Road Suite 200
General Information
Standard status
Active
Size
4,582 SF
Class
A
Property subtype
Office
Additional Details
Furnished
Yes
Office Units
1
Building Details
Building Size
4,582 SF
Tenancy
Single
Listing Agency:
NAI Mid-Michigan
Listed By:
Steve Slater
(517) 749-7914
Source:
Naiglobal
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 5 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Mid-Michigan
Investment Insights
Based on property information with market context.
This 4,582 SF office condominium at 2104 Jolly Rd in Okemos, MI, is configured as a polished executive workspace. The suite includes 10 private offices, 3 conference rooms, a reception and waiting area, kitchen, lounge, and basement storage. Architectural details include classical pillars, crown molding, and wood built-ins, while large operational windows bring natural light into the offices.
The property includes furniture and fixtures, wired and wireless technology options, and a five-camera motion-activated video surveillance system. Thick sound-insulating construction supports privacy for meetings and conversations. The existing layout and improvements provide a complete office environment for ownership or continued professional use.
The property includes furniture and fixtures, wired and wireless technology options, and a five-camera motion-activated video surveillance system. Thick sound-insulating construction supports privacy for meetings and conversations. The existing layout and improvements provide a complete office environment for ownership or continued professional use.
Key Highlights
- 4,582 SF office condominium at 2104 Jolly Rd, Okemos, MI 48864
- 10 private executive offices and 3 conference rooms
- Reception, waiting area, kitchen, lounge, and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,648
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
$773.0K
Cap Rate 7%
$552,114
$552.1K
Cap Rate 9%
$429,422
$429.4K
Market Conditions
NOI Build-Up for 4,582 SF
Gross rent
$66.0K $14.40/SF
− Vacancy
−$14.4K −$3.15/SF
EGI
$51.5K $11.25/SF
− OpEx
−$12.9K −$2.81/SF
NOI
$38.6K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
Cap Rate 7%
$552,114
Cap Rate 9%
$429,422
Alternative Uses
Best Use
Office B
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.2K
$644.1K – $858.9K
NOI $51,531 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 48864, MI
22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-appointed office suite with private rooms, meeting areas, support space, and integrated wired and wireless technology.
Where is this office units located?
The property is located at 2104 Jolly Road Suite 200 Okemos, MI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4,582 SF office condominium at 2104 Jolly Rd, Okemos, MI 48864; 10 private executive offices and 3 conference rooms; Reception, waiting area, kitchen, lounge, and basement storage
