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    FOR SALE
    Office buildings

    2120 University Park Dr, Okemos, MI 48864

    13,338 SF 1.5 ac lot Built 1988
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-1558389
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully occupied, 13,338-square-foot Class B office building situated on a 1.5-acre lot in Okemos, Michigan's desirable University Commerce Park. Built in 1988 and meticulously maintained, the property boasts a strong 100% occupancy rate, generating a compelling 7.60% capitalization rate. The asking price is $1,995,000. Located at 2120 University Park Dr, Okemos, MI 48864 (APN 33-06-06-04-226-018), this asset benefits from its strategic location, providing easy access to Okemos Road and the I-96 interchange. The surrounding area offers a wealth of amenities, including numerous restaurants, banks, and retail establishments, enhancing tenant appeal and attracting a diverse clientele. This value-add opportunity presents a strong return on investment with potential for future appreciation. The property's prime location and high occupancy rate make it an attractive investment for discerning buyers seeking a stable and profitable asset in a thriving market. This is a rare chance to acquire a well-maintained, fully leased office building in a highly sought-after location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1988
    Total area 13,338 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code GO
    APN 33-06-06-04-226-018
    UPID US43-1558389
    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
    • Strategic Safety Inc Building Supply General Contractor
    • ASU Group Insurance Agency
    • Recovery Unlimited Medical Clinic
    • Michigan Transit Pool Association Or Organization
    • Catalyst Solutions Business Service Center Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.85M
    Comparable Approach Comparable
    $2.13M
    Blend (final) Blend
    $1.99M
    Owner & transaction history
    Reyton Ventures LLC · 4 yrs held
    Reyton Ventures LLC
    since 2022
    3 recorded transactions
    2023
    2022
    2018
    $771,258
    Zoning & alternative use
    GO · Okemos, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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