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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Medical Office Space
1881 Grand Riv Ave Okemos, MI 48864-1840
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-1370630
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
4,514 SF
Lot
1.51 ac (65,993 SF)
Zoning code
C-2
APN
33-02-02-22-154-007
UPID
US43-1370630
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
-
Bosworth Quinn M DO Pediatrician Physician
-
Ronan Arthur J DO Pediatrician Physician
-
Grand River Family Care Medical Clinic
-
RediCare™ Okemos Medical Clinic
-
David Neff Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$675k
Owner & transaction history
Bosworth Properties LLC · 13 yrs held
Bosworth Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-2 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$595,000
+7.4%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$555,000
Current use
OFFICE BUILDING
$595,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$515,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$150 / 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
$27,995
Tax year 2019
Assessed value
$487,100
Assessed 2023
Previous assessed
$467,900
+4.1% YoY
Effective rate
5.75%
On assessed value
Assessed land
$277,600
Assessed improvement
$209,500
Land market value
$555,200
Improvement market value
$419,000
Total market value
$974,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Heating
YES
Stories
1
Total area
4,514 SF
Lot
1.51 ac (65,993 SF)
Zoning code
C-2
APN
33-02-02-22-154-007
UPID
US43-1370630
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Okemos, MI
Zoning C-2 · permitted uses
C-2 · 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
MEDICAL BUILDING Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$455,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1984
Heating
YES
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Bosworth Properties LLC
Entity
Mailing address
1881 W GRAND RIV AVE, OKEMOS, MI 48864-1840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 14, 2024
—
Bosworth Properties LLC
—
Deed
related
$325,278 · Pnc Bank NA
Sep 23, 2013
—
Bosworth Properties LLC
—
Trustees Deed
related
$408,000 · Pnc Bank
Jan 15, 2013
$575,000
Bosworth Properties LLC
Ccpl Real Estate Group LLC
Warranty Deed
$449,600 · Pnc Bank
—
—
Bosworth Properties LLC
—
Deed Of Trust
related
$510,000 · Pnc Bank
—
—
Ccpl Real Estate Group LLC
—
Deed Of Trust
related
$296,000 · Republic Bank
—
—
Ccpl Real Estate Group LLC
—
Deed Of Trust
related
$404,000 · Republic Bank
—
—
Ccpl Real Estate Group LLC
—
Deed Of Trust
related
$745,347 · Citizens Federal Bank Fsb
—
—
Bosworth Properties LLC
—
Deed Of Trust
related
$422,000 · Community Dev Commission
—
—
Bosworth Properties LLC
—
Deed Of Trust
related
$510,000 · Community Dev Commission
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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