Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5100 Marsh Rd Meridian charter Township, MI 48864

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Upscale Okemos retail, 3 spaces available.

    Lot size:
    74,000 SF

    Property Features for 5100 Marsh Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,000 SF
    Total Rate
    86333.33

    Spaces For Lease

    at 5100 Marsh Rd, Meridian charter Township, MI 48864 Contact us
    Unit Suite E3

    $14 /Mo

    Size
    2,950 SF
    Contact us
    Unit Suite E-1

    $14 /Mo

    Size
    2,519 SF
    Contact us
    Unit Suite F1

    $14 /Mo

    Size
    2,150 SF
    Contact us

    We can help!

    Listing Contact
    Jeffrey Branch
    Jeffrey Branch

    Listing Agency: NAI Mid-Michigan Listing Agent: Jeffrey Branch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Central Park Place, located at 5100 Marsh Rd in Okemos, Michigan (zip code 48864), offers prime retail space within a thriving strip center. This Ingham County property boasts a total of 74,000 square feet, with three available spaces ranging from 2,150 to 2,950 contiguous square feet. A total of 7,619 square feet is currently vacant and ready for immediate occupancy. The property is ideally situated directly on Marsh Road, providing excellent visibility and accessibility. Its strategic location adjacent to Meridian Mall and other national retail and restaurant chains ensures high foot traffic and a strong customer base. The property is classified as a commercial strip center suitable for restaurant chains and other retail businesses. The minimum divisible space is 2,150 square feet. This upscale retail center presents a unique opportunity for businesses seeking a prominent location in a high-demand area. The property's location in Meridian Charter Township offers a vibrant and affluent market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L.O. Eye Care ... Medical Clinic Chico's Clothing & Fashion Store Tropic Like It's ... Tanning Salon L.O. Eye Care ... Ophthalmologist L.O. Eye Care ... Ophthalmologist

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian charter Township
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4125381
    Latitude
    42.7284581

    Nearby Similar for Lease

    • Contact for pricing
      7,872 SF

      Okemos Road Retail Space For Lease

      Class A Retail, Restaurant Space Available
      3899 Okemos Rd, Meridian charter Township, MI 48864
      View Details
    • $12 SF/Yr
      11,952 SF

      Haslett Shop Town Retail Space

      Prime Retail Space, Flexible Layouts, High Traffic
      1559-1605 Haslett Rd, Meridian charter Township, MI 48840
      View Details
    • $11 SF/Yr
      46,462 SF

      Grand River Ave Retail Space

      46,462 SF Retail Space in Okemos, MI
      2020 Grand Riv Ave, Meridian charter Township, MI 48864
      View Details
    • $16 SF/Yr
      5,529 SF

      Prime Meridian Township Office Space

      Class A Executive Office Suite - 5,529 SF
      3893 Okemos Rd, Meridian charter Township, MI 48864
      View Details
    • $16 SF/Yr
      64,000 SF

      Meridian Crossing Retail Spaces

      High-visibility retail spaces available.
      3544 Meridian Xing Dr, Meridian charter Township, MI 48864
      View Details
    • $25 SF/Yr
      14,000 SF

      Haslett Village Retail Spaces

      Meridian Twp retail & restaurant space
      1621 Haslett Rd, Meridian charter Township, MI 48840
      View Details
    • Contact for pricing
      4,624 SF

      Meridian Pavilion Retail Space Available

      Okemos Retail Space near MSU: 1,500 SF Available
      4901 Okemos Rd, Meridian charter Township, MI 48864
      View Details
    • Contact for pricing
      36,000 SF

      Hagadorn Road Office Space Available

      Prime Okemos Office/Flex Space, 17,701 SF Vacant
      4440 Hagadorn Rd, Meridian charter Township, MI 48864
      View Details
    • $14 SF/Yr
      18,800 SF

      Okemos Office Space for Lease

      Prime Okemos location, multiple suites available.
      1754 Central Park Dr, Meridian charter Township, MI 48864
      View Details
    • Contact for pricing
      13,000 SF

      Prime Meridian Twp Executive Office Space

      13,000 SF Class A Office - Available Now
      3965 Okemos Rd, Meridian charter Township, MI 48864
      View Details
    • $13 SF/Yr
      6,950 SF

      Okemos Road Executive Office Space

      Prime Okemos office, 3,150 SF available.
      4084 Okemos Rd, Meridian charter Township, MI 48864
      View Details
    • $18 SF/Yr
      10,464 SF

      Okemos Executive Office Space

      Prime Meridian Twp. Office/Retail
      1575 Grand Riv Rd, Meridian charter Township, MI 48864
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Upscale Okemos retail, 3 spaces available.
    Where is this neighborhood center located?
    The property is located at 5100 Marsh Rd Meridian charter Township, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High-traffic retail space near Meridian Mall.; Excellent street visibility and high traffic counts.; Strong co-tenancy with national retailers including Walmart, Target, and Home Depot.
    (517) 487-9222 Call to check price and availability
    Request Owner's contact information
    5100 Marsh Rd Meridian charter Township, MI 48864
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5100 Marsh Rd
    Meridian charter Township, MI 48864
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5100 Marsh Rd Meridian charter Township, MI 48864
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Branch
    Jeffrey Branch
    Real Estate License ID: #6501399259
    (517) 487-9222 (517) 899-6368
    Learn more
    Google sign-in failed. Please try again or use another login method.