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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Automotive properties
1728 Grand Riv Ave, Okemos, MI 48864-5825
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-0907475
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1992
Total area
13,339 SF
Lot
6.31 ac (274,951 SF)
Zoning code
C-3
APN
33-02-02-22-401-010
UPID
US43-0907475
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
-
Graff Nissan of Okemos Parts Auto Parts Store
-
Graff Nissan of Okemos Service Department Auto Repair Shop Vehicle Inspection Center
-
Graff Nissan of Okemos Car Dealership
-
Nissan Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.11M
Owner & transaction history
Okere East LLC · 9 yrs held
Okere East LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-3 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+31.5%
Medical building
$1.6M
+22.5%
Restaurant
$1.6M
+15.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,340,000
Current use
OFFICE BUILDING
$1,765,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$1,645,000
Change: +22% · Conversion: Difficult
RESTAURANT
$1,555,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,525,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$158 / 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
$46,972
Tax year 2019
Assessed value
$864,200
Assessed 2023
Previous assessed
$733,200
+17.9% YoY
Effective rate
5.44%
On assessed value
Assessed land
$629,200
Assessed improvement
$235,000
Land market value
$1,258,400
Improvement market value
$470,000
Total market value
$1,728,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1992
Heating
YES
Stories
1
Total area
13,339 SF
Lot
6.31 ac (274,951 SF)
Zoning code
C-3
APN
33-02-02-22-401-010
UPID
US43-0907475
Jurisdiction
INGHAM
Zoning & alternative use
C-3 · Okemos, MI
Zoning C-3 · permitted uses
C-3 · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1992
Heating
YES
Stories
1
Lot
6.31 ac
Current owner
From public records · entity-resolved
Okere East LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 806, DAVISON, MI 48423-0806
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2016
—
Okere East LLC
Gas Real Estate LLC
Warranty Deed
—
Sep 18, 2013
—
Gas Real Estate LLC
Gas Automotive Group LLC
Quit Claim Deed
related
$2,336,000 · Nissan Motor Acceptance Corp
Jul 27, 2012
—
Gas Automotive Group LLC
Freeborough Automotive INC
Warranty Deed
$1,302,000 · Nissan Motor Acceptance Corp
Aug 13, 2008
$1,065,000
Freeborough Automotive INC
Janet D Harmon
Warranty Deed
—
Aug 13, 2008
—
Freeborough Automotive INC
Harmon Janet D Trust
Quit Claim Deed
related
—
Feb 21, 2008
—
Harmon,janet D Living Trust
Harmon,janet D
Quit Claim Deed
related
—
Sep 10, 2007
—
Janet D Harmon
Harmon,cynthia S
Quit Claim Deed
related
—
Jan 22, 2004
—
Freeborough Automotive INC
Saturn Retail Of Michigan INC
Quit Claim Deed
related
$3,820,000 · General Motors Acceptance Corp
—
—
Freeborough Automotive INC
—
Deed Of Trust
related
$4,291,574 · General Motors Acceptance Corp
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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