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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Specialty properties
1284 Grand Riv Ave, Okemos, MI 48864-3000
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0981640
Property profile
Verified
Property type
Specialty properties
Use group
KENNEL
Year built
2014
Total area
6,054 SF
Lot
2.98 ac (129,896 SF)
Zoning code
RR
APN
33-02-02-23-376-002
UPID
US43-0981640
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
Current use
Occupant on record · Public records
-
Doggy Daycare and spa Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Milligan Eastside LLC · 11 yrs held
Milligan Eastside LLC
since 2014
3 recorded transactions
Zoning & alternative use
RR · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: 0% · Conversion: Difficult
RESTAURANT
$635,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$410,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$330,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$84 / 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
$33,261
Tax year 2019
Assessed value
$642,500
Assessed 2023
Previous assessed
$513,400
+25.1% YoY
Effective rate
5.18%
On assessed value
Assessed land
$212,200
Assessed improvement
$430,300
Land market value
$424,400
Improvement market value
$860,600
Total market value
$1,285,000
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
Specialty properties
Use group
KENNEL
Status
Off-Market
Year built
2014
Heating
YES
Stories
1
Total area
6,054 SF
Lot
2.98 ac (129,896 SF)
Zoning code
RR
APN
33-02-02-23-376-002
UPID
US43-0981640
Jurisdiction
INGHAM
Zoning & alternative use
RR · Okemos, MI
Zoning RR · permitted uses
RR · 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
OFFICE BUILDING
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RESTAURANT
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES
Est. value
$410,000
WAREHOUSE, STORAGE
Est. value
$330,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2014
Heating
YES
Stories
1
Lot
2.98 ac
Current owner
From public records · entity-resolved
Milligan Eastside LLC
Entity
Mailing address
5325 W MT HOPE HWY, LANSING, MI 48917-9563
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2014
$160,000
Milligan Eastside LLC
Gary W Durow
Warranty Deed
$1,053,000 · The Dart Bank
—
—
Milligan Eastside LLC
—
Deed Of Trust
related
$516,000 · Miscellaneous Govt Agcy
—
—
Milligan Eastside LLC
—
Loan Modification
related
$624,231 · Dart Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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