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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Retail space
4800 Okemos Rd Okemos, MI 48864-1664
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-3696084
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
13,567 SF
Lot
2.65 ac (115,434 SF)
Zoning code
C-3
APN
33-02-02-21-276-012
UPID
US43-3696084
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.33M
Owner & transaction history
Okemos Consolidated Drain Drainage · 3 yrs held
Okemos Consolidated Drain Drainage
since 2022
7 recorded transactions
Zoning & alternative use
C-3 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+66.8%
Medical building
$1.7M
+55.4%
Restaurant
$1.6M
+47.0%
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%
$1,560,000
6.5%
$1,440,000
7%
$1,335,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,075,000
Current use
OFFICE BUILDING
$1,795,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$1,670,000
Change: +55% · Conversion: Difficult
RESTAURANT
$1,580,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,550,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,365,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$890,000
Change: -17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$98 / 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
$38,996
Tax year 2019
Assessed value
$1,082,500
Assessed 2023
Previous assessed
$1,100,300
-1.6% YoY
Effective rate
3.60%
On assessed value
Assessed land
$865,800
Assessed improvement
$216,700
Land market value
$1,731,600
Improvement market value
$433,400
Total market value
$2,165,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
YES
Stories
1
Total area
13,567 SF
Lot
2.65 ac (115,434 SF)
Zoning code
C-3
APN
33-02-02-21-276-012
UPID
US43-3696084
Jurisdiction
INGHAM
Zoning & alternative use
C-3 · Okemos, MI
Zoning C-3 · permitted uses
C-3 · 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
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Heating
YES
Stories
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Okemos Consolidated Drain Drainage
Individual
Free & Clear · 3 yrs held
Mailing address
707 BUHL ST, MASON, MI 48854-1025
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Okemos Consolidated Drain Drainage
John Holdings LLC
Warranty Deed
—
Oct 19, 2016
—
Chick-fil-a INC
Meijer INC
Warranty Deed
related
—
Aug 19, 2014
—
John Holdings LLC
Mercer L M Fam Trust 2
Quit Claim Deed
related
—
May 14, 2014
—
Good Will Co INC
Engbers,james A & Harriet M
Quit Claim Deed
related
—
May 14, 2014
$1,000
Good Will Co INC
Engbers,james A & Harriet M
Quit Claim Deed
related
—
May 14, 2014
$5,000
Good Will Co INC
Parsons,bruce N & Jean A
Quit Claim Deed
related
—
May 9, 2012
—
Scollo,celinda M
Barron,terrance A
Quit Claim Deed
related
—
Mar 14, 2012
—
Mukalla,joseph M Trust
Mukalla Joseph M
Quit Claim Deed
related
—
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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