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    2120 University Park Dr Okemos, MI 48864

    Sponsored
    For Sale
    $1,995,000

    13,338 SF, 100% Occupied, 7.6% Cap Rate

    Property size:
    13,338 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully occupied, 13,338-square-foot Class B office building situated on a 1.5-acre lot in Okemos, Michigan's desirable University Commerce Park. Built in 1988 and meticulously maintained, the property boasts a strong 100% occupancy rate, generating a compelling 7.60% capitalization rate. The asking price is $1,995,000. Located at 2120 University Park Dr, Okemos, MI 48864 (APN 33-06-06-04-226-018), this asset benefits from its strategic location, providing easy access to Okemos Road and the I-96 interchange. The surrounding area offers a wealth of amenities, including numerous restaurants, banks, and retail establishments, enhancing tenant appeal and attracting a diverse clientele. This value-add opportunity presents a strong return on investment with potential for future appreciation. The property's prime location and high occupancy rate make it an attractive investment for discerning buyers seeking a stable and profitable asset in a thriving market. This is a rare chance to acquire a well-maintained, fully leased office building in a highly sought-after location.

    Property Features for 2120 University Park Dr

    General Information

    Property type
    1031 exchange properties
    Square Feet
    13,338 SF
    Class
    B

    Building Details

    Year Built
    1988

    HighLights

    • $1,995,000 asking price for a 13,338 SF office building.
    • 100% occupied, Class B, value‑add investment opportunity in Okemos, MI.
    • 7.60% cap rate.
    • Located at 2120 University Park Dr, Okemos, MI 48864, in University Commerce Park.
    • Built in 1988.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strategic Safety Inc Safety Equipment Supplier ASU Group Insurance Agency Recovery Unlimited Physical Therapy Clinic Michigan Transit Pool Association Or Organization Catalyst Solutions Employment Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.424408686814
    Latitude
    42.679902586716

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    FAQs

    What type of property is this?
    1031 exchange property - 13,338 SF, 100% Occupied, 7.6% Cap Rate
    Where is this 1031 exchange property located?
    The property is located at 2120 University Park Dr Okemos, MI.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: $1,995,000 asking price for a 13,338 SF office building.; 100% occupied, Class B, value-add investment opportunity in Okemos, MI.; 7.60% cap rate.
    (517) 319-9209
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    2120 University Park Dr Okemos, MI 48864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2120 University Park Dr Okemos, MI 48864
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