Office Space with Highway
For Sale
Contact for pricing
2378 Woodlake Dr, Okemos, MI 48864
Office property with convenient access to I-96 and US-127.
Property Size8,586 SF
Days on Market191
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Property Features for 2378 Woodlake Dr
General Information
Standard status
Active
Size
8,586 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
8,586 SF
Year Built
1995
Properties For Sale
at 2378 Woodlake Dr Contact us200
Size
2,530 SF
Term
Negotiable
240
Size
5,371 SF
Term
Negotiable
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 8
Changed: Sep 14
Last Checked: Oct 14 at 9:29PM
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
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, gyms, lodging, dry cleaners, grocery stores, retail establishments, as well as medical and educational facilities. The lease is modified gross.
Key Highlights
- Easy access to I‑96 and US‑127
- Close proximity to restaurants
- Close proximity to retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,420
$1.4M
Cap Rate 7%
$1,034,586
$1.0M
Cap Rate 9%
$804,678
$804.7K
Market Conditions
NOI Build-Up for 8,586 SF
Gross rent
$123.6K $14.40/SF
− Vacancy
−$27.1K −$3.15/SF
EGI
$96.6K $11.25/SF
− OpEx
−$24.1K −$2.81/SF
NOI
$72.4K $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%
$1,448,420
Cap Rate 7%
$1,034,586
Cap Rate 9%
$804,678
Alternative Uses
Best Use
Office B
$1.03M
$905.3K – $1.21M
NOI $72,421 @ 7.0% cap · market cap 482,806.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,562 @ 7.0% cap · market cap 643,746.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
762
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
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
Similar Off Market Nearby
- Mphi Call Center — 2549 Jolly Rd, Okemos, MI 48864, United States
- Michigan Office Solutions — 2174 Commons Pkwy, Okemos, MI 48864
- Vertex Computer — 2169 Jolly Rd STE 1, Okemos, MI 48864
- KP Tech Inc — 2578 Lupine Dr, 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 convenient access to I-96 and US-127.
Where is this office space located?
The property is located at 2378 Woodlake 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 retail
