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Property profile & analytics
OFF-MARKET Estimated value $1,110,000
Outlet malls

1705 Newman Rd Okemos, MI 48864-1157

31,968 SF 3.66 ac lot Built 2000
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US43-1431517
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2000
Total area 31,968 SF
Lot 3.66 ac (159,647 SF)
Zoning code C-3
APN 33-02-02-22-251-015
UPID US43-1431517
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
  • Klingman's Furniture & Design - Okemos Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.11M
Owner & transaction history
1705 Properties LLC · 6 yrs held
1705 Properties LLC
since 2020
3 recorded transactions
2021
Price N/A
2020
Price N/A
2006
Price N/A
Zoning & alternative use
C-3 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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