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Property profile & analytics
FOR SALE
Office buildings
2378 Woodlake Dr, Okemos, MI 48864
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1815950
For Sale
1 / 6
$1,085,000
2378 Woodlake Dr, Okemos, MI 48864
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Property summary
AI-generated overview
The Woodlands, located at 2378 Woodlake Dr, Okemos, MI 48864, offers exceptional executive office suites in a highly desirable location. This Ingham County property boasts a total of 9,157 square feet, with 5,371 square feet currently vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,023 square feet to a maximum contiguous space of 3,050 square feet. The building enjoys a strategic position at the corner of Jolly Road and Okemos Road, providing unparalleled convenience and accessibility. Businesses will appreciate the close proximity to a wide array of amenities, including restaurants, fitness centers, hotels, dry cleaners, grocery stores, medical facilities, educational institutions, and retail options. The property's excellent location also offers easy access to I-96, ensuring seamless commutes for employees and clients. This is an exceptional opportunity for businesses seeking high-quality office space in a vibrant and convenient location. The address is 2378 Woodlake Dr, Okemos, MI 48864.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
9,036 SF
Lot
0.96 ac (41,818 SF)
Zoning code
B-1
APN
33-06-06-04-101-010
UPID
US43-1815950
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Children's Therapy Corner Physician
-
Ohl Kermit V Insurance Agency
-
Jeffrey West Consultant
-
Courtney Robert J Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.09M
Owner & transaction history
George F Eyde Family LLC · 3 yrs held
George F Eyde Family LLC
since 2023
1 recorded transaction
Zoning & alternative use
B-1 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Okemos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Okemos submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,195,000
Current use
MEDICAL BUILDING
$1,115,000
Change: -7% · Conversion: Easy
RESTAURANT
$1,055,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,030,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$18,602
Tax year 2019
Assessed value
$393,100
Assessed 2023
Previous assessed
$358,300
+9.7% YoY
Effective rate
4.73%
On assessed value
Assessed land
$62,700
Assessed improvement
$330,400
Land market value
$125,400
Improvement market value
$660,800
Total market value
$786,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1992
Heating
YES
Stories
1
Total area
9,036 SF
Lot
0.96 ac (41,818 SF)
Zoning code
B-1
APN
33-06-06-04-101-010
UPID
US43-1815950
Jurisdiction
INGHAM
Zoning & alternative use
B-1 · Okemos, MI
Zoning B-1 · permitted uses
B-1 · Okemos, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Okemos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
YES
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
George F Eyde Family LLC
Entity
Mailing address
300 S WASHINGTON SQ STE #400, LANSING, MI 48933-2102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
—
George F Eyde Family LLC
—
Deed
related
$4,284,500 · Independent Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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