Two-Suite Office
For Sale
$299,000
4780 Okemos Road, Okemos, MI 48864
Commercial Sale, Okemos, MI
Property Size1,688 SF
Lot Size0.50 Acres
Price / SF$177.13
Days on Market268
Property Features for 4780 Okemos Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Zoning
Parking features
Parking Lot
Appliances
Disposal, Ice Maker, Microwave, Refrigerator
Elementary school district
Okemos
Middle school district
Okemos
High school district
Okemos
Directions
Grand River south on Okemos Road. Just south of the drive into Meijer
Standard status
Active
APN
33-02-02-21-277-002
Size
1,688 SF
Lot size
0.50 Acres
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 2, MERIDIAN BEND PROFESSIONAL CENTRE, INGHAM CO. CONDO SUB PLAN NO 188 SEC. 21, T4N R1W
Tax Annual Amount
10287
Legal Description
UNIT 2, MERIDIAN BEND PROFESSIONAL CENTRE, INGHAM CO. CONDO SUB PLAN NO 188 SEC. 21, T4N R1W
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
conference room
reception area
kitchenette
dedicated work room
Building Details
Year built
2004
Floors in Building
1
Flooring type
Carpet
Building materials
Brick
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Deborah Federau · License #6506046372
(517) 202-4232
Added: Feb 2
Changed: Oct 28
Last Checked: Oct 28 at 8:06PM
MLS# 293768
Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,688-square-foot office condominium occupies the main level of a brick building constructed in 2004. Its plan is arranged as two suites, with two entrances, including one private entrance, and a configuration that can support separate suite access. The interior includes four private offices, a conference room with a full wall of custom book shelving, a reception area, a dedicated workroom, a kitchenette, and two lavatories. Two of the offices are currently occupied.
Located at 4780 Okemos Road in Okemos, the property has on-site lot parking and public water and sewer service. Dining, shopping, and major thoroughfares are nearby.
Located at 4780 Okemos Road in Okemos, the property has on-site lot parking and public water and sewer service. Dining, shopping, and major thoroughfares are nearby.
Key Highlights
- 1,688 square feet of office condominium space
- Two suites and two entrances, including one private entrance
- Four private offices, with two currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,238
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,760
$284.8K
Cap Rate 7%
$203,400
$203.4K
Cap Rate 9%
$158,200
$158.2K
Market Conditions
NOI Build-Up for 1,688 SF
Gross rent
$24.3K $14.40/SF
− Vacancy
−$5.3K −$3.15/SF
EGI
$19.0K $11.25/SF
− OpEx
−$4.7K −$2.81/SF
NOI
$14.2K $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%
$284,760
Cap Rate 7%
$203,400
Cap Rate 9%
$158,200
Alternative Uses
Best Use
Office B
$203.4K
$178.0K – $237.3K
NOI $14,238 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.2K
$237.3K – $316.4K
NOI $18,984 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
800
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office layout includes private work areas, a conference room, reception, and a kitchenette.
Where is this office unit located?
The property is located at 4780 Okemos Road Okemos, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,688 square feet of office condominium space; Two suites and two entrances, including one private entrance; Four private offices, with two currently occupied
