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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Automotive properties
1830 Grand Riv Ave, Okemos, MI 48864-1806
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0079351
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1987
Total area
10,046 SF
Lot
7.14 ac (311,018 SF)
Zoning code
C-3
APN
33-02-02-22-176-017
UPID
US43-0079351
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
-
Morrie's Okemos Ford Service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
Mag Okf Re LLC · 4 yrs held
Mag Okf Re LLC
since 2021
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
C-3 · 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
$5,585,000
ML approach
$4,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±10% · vs last sale $4.30M (Dec 22 2021)
Last sale anchor
$4.30M
Dec 22 2021
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
$454 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$104,990
Tax year 2022
Assessed value
$1,693,800
Assessed 2023
Previous assessed
$1,435,500
+18.0% YoY
Effective rate
6.20%
On assessed value
Assessed land
$1,010,700
Assessed improvement
$683,100
Land market value
$2,021,400
Improvement market value
$1,366,200
Total market value
$3,387,600
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
1987
Heating
YES
Buildings
2
Stories
1
Total area
10,046 SF
Lot
7.14 ac (311,018 SF)
Zoning code
C-3
APN
33-02-02-22-176-017
UPID
US43-0079351
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.
Building & site characteristics
From public records
Year built
1987
Heating
YES
Stories
1
Buildings
2
Lot
7.14 ac
Current owner
From public records · entity-resolved
Mag Okf Re LLC
Entity
Mailing address
12550 WAYZATA BLVD, MINNETONKA, MN 55305-1937
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$4,300,000
Mag Okf Re LLC
Merrill Land Company LLC
Deed
$3,791,000 · Comerica Bank
Oct 2, 2019
$3,930,000
Merrill Land Company LLC
Campus Land Company LLC
Deed
$2,900,000 · Michigan State University FCU
Nov 21, 2005
—
Campus Land Co LLC
Campus Ford INC
Quit Claim Deed
related
$2,970,972 · Ford Motor Credit Co
—
—
Campus Land Co LLC
—
Deed Of Trust
related
$2,542,745 · Ford Motor Credit Co
—
—
Campus Land Co LLC
—
Deed Of Trust
related
$3,096,000 · Michigan St Univ FCU
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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