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Property profile & analytics

1705 Newman Rd Okemos, MI 48864-1157

  • Outlet malls
  • 31,968 SF
  • 3.66 lot acres
OFF-MARKET
Last Sale
Jun 04, 2020
Value Estimations
$980,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1431517
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Klingman's Furniture & Design - Okemos / Furniture Store

Property Details for 1705 Newman Rd

Year built
2000
Lot size
3.66 lot acres
Property size
31,968 SF
Zone code
C-3
Property type
Outlet malls
APN
33-02-02-22-251-015
APU
33020222251015

Description

This exceptional 32,304 square foot retail property, located at 1705 Newman Rd in Okemos, Michigan, presents a unique investment opportunity. The single-tenant building sits on a substantial 3.66-acre lot, offering ample space for redevelopment or expansion. Currently vacant, this property provides a blank canvas for a wide range of retail uses. Its strategic location in Okemos, within Ingham County, ensures high visibility and accessibility for potential tenants. The property is zoned C-3, allowing for a variety of commercial ventures. The building's substantial size, combined with its prime location and flexible zoning, makes it an ideal candidate for a variety of retail concepts. This is a rare opportunity to acquire a large, vacant retail space in a thriving Michigan community. The property's significant size and prominent location offer exceptional potential for a business seeking a high-impact presence in the Okemos market. With its ample parking and convenient access, this property is poised for success. The 3.66-acre lot provides significant room for expansion or future development, adding to its long-term value. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's address is 1705 Newman Rd, Okemos, MI 48864.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $785,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,169,000
    Market price range: $1.09M - $3.40M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Okemos
County
Ingham
State
Michigan
Longitude
-84.4113
Latitude
42.7222
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$68,337
$558,800
$522,100
$1,080,900
-
$1,117,600
$1,044,200
$2,161,800
More about this property
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