Okemos Office Space For
For Sale
Contact for pricing
2111 University Park Dr, Okemos, MI 48864
Office property with easy access to highways and local amenities.
Property Size14,452 SF
Days on Market212
Property Features for 2111 University Park Dr
General Information
Standard status
Active
Size
14,452 SF
Class
A
Property subtype
Office
Lease Term
MG
Building Details
Building Size
14,452 SF
Year Built
1995
Properties For Sale
at 2111 University Park Dr
550
Size
2,056 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 1
Changed: Oct 26
Last Checked: Oct 28 at 6:26AM
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 Eyde Development
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property offers convenient access to I-96 and US-127. The location provides close proximity to a variety of amenities, including restaurants, lodging, gyms, grocery stores, and dry cleaners. The lease structure is modified gross.
Key Highlights
- Easy access to I‑96 and US‑127
- Close proximity to restaurants
- Close proximity to lodging
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,438,000
$2.4M
Cap Rate 7%
$1,741,429
$1.7M
Cap Rate 9%
$1,354,444
$1.4M
Market Conditions
NOI Build-Up for 14,452 SF
Gross rent
$208.1K $14.40/SF
− Vacancy
−$45.6K −$3.15/SF
EGI
$162.5K $11.25/SF
− OpEx
−$40.6K −$2.81/SF
NOI
$121.9K $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%
$2,438,000
Cap Rate 7%
$1,741,429
Cap Rate 9%
$1,354,444
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,900 @ 7.0% cap · market cap 812,666.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,533 @ 7.0% cap · market cap 1,083,553.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Michigan Office Solutions — 2174 Commons Pkwy, Okemos, MI 48864
- Vertex Computer — 2169 Jolly Rd STE 1, Okemos, MI 48864
- Visual Edge IT Michigan | Okemos | HC Berger Co — 2175 Association Dr #250, Okemos, MI 48864
Frequently Asked Questions
What type of property is this?
Office space - Office property with easy access to highways and local amenities.
Where is this office space located?
The property is located at 2111 University Park Dr Okemos, MI.
What are key features of this property?
This property features: Easy access to I‑96 and US‑127; Close proximity to restaurants; Close proximity to lodging
