New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Office buildings
2133 University Park Dr 43, Okemos, MI 48864-6904
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1671899
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
11,592 SF
Lot
0.92 ac (40,075 SF)
Zoning code
GO
APN
33-06-06-04-226-015
UPID
US43-1671899
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
-
LJB Engineering Engineering Consultant
-
Capital Foot & Ankle Centers PC: Gonzalez Joseph DPM Physician
-
Muscular Dystrophy Association Greater Michigan Office Charitable Organization Social Service Agency
-
Midwest Dermatology Institute Physician Medical Clinic
-
Jennifer Harper Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.20M
Owner & transaction history
Anacapri Properties LLC · 3 yrs held
Anacapri Properties LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
GO · 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
$1,175,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,535,000
Current use
MEDICAL BUILDING
$1,430,000
Change: -7% · Conversion: Easy
RESTAURANT
$1,350,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,325,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.16M (Dec 7 2022)
Last sale anchor
$1.16M
Dec 7 2022
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
$104 / 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
$23,350
Tax year 2019
Assessed value
$529,400
Assessed 2023
Previous assessed
$485,000
+9.2% YoY
Effective rate
4.41%
On assessed value
Assessed land
$60,100
Assessed improvement
$469,300
Land market value
$120,200
Improvement market value
$938,600
Total market value
$1,058,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
ZONE
Stories
1
Total area
11,592 SF
Lot
0.92 ac (40,075 SF)
Zoning code
GO
APN
33-06-06-04-226-015
UPID
US43-1671899
Jurisdiction
INGHAM
Zoning & alternative use
GO · Okemos, MI
Zoning GO · permitted uses
GO · 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
OFFICE BUILDING Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
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
1990
Heating
ZONE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Anacapri Properties LLC
Entity
Mailing address
3480 CAPITAL AVE SW, BOYNE CITY, MI 49712
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
$1,155,000
Anacapri Properties LLC
Sobeck Asset Management LLC
Warranty Deed
$924,000 · Members First Cu
May 30, 2018
—
Sobeck Asset Management LLC
2133 University Park Dr LLC
Warranty Deed
—
Mar 30, 2005
—
2133 University Park Drive LLC
Jeffrey M Shapiro
Quit Claim Deed
related
—
—
—
2133 University Park Drive LLC
—
Loan Modification
related
$1,062,851 · National City Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2133 University Park Dr, Unit 43?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
