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Financial
Distress signals
Property profile

2199 Jolly Rd Okemos, MI 48864

FOR LEASE
Office buildings
Property ID
US43-1267896
8,920 SF 1.13 ac lot Built 1986
Last sale Jun 2012 · $920,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,525 square foot office space, part of an 8,920 square foot building, is ideally situated at the high-traffic intersection of Jolly Road and Okemos Road in Okemos, Michigan. Built in 1986 and classified as Class C, this single-tenancy property offers a fantastic opportunity for businesses seeking a well-maintained and conveniently located office. The space boasts three private offices, two conference rooms, a restroom, a kitchenette, and a reception/waiting area, providing…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$16k
Tax billed · 2019
Assessed value · 2023$387k
Assessed land$74k
Assessed improvement$313k
Effective rate4.22%

Value estimate

· Oct 2026
$435k
$392k – $479k
CAP approach$1.24M
Submarket $/SF estimate$1.02M
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$33k
Operating expenses−$30k
NOI · 594,933.33% cap applied$89k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$132/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$99 – $164
Qualifying comparables3

Cap rate analysis

How does the asset earn?
594,933.33%
$89k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GO
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.0
Wholesale Shop16.1
Auto Repair Shop14.3

Location

2199 Jolly Rd Okemos, MI 48864
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4780 Okemos Rd, Okemos, MI 48864-1669 $565,000 Oct 2024 2,450 SF
4225 Okemos, Okemos, MI 48864-3232 $480,000 May 2024 3,584 SF
2342 Woodlake, Okemos, MI 48864-5931 $550,000 Jun 2023 5,921 SF
2174 Cmns, Okemos, MI 48864-3986 $327,500 Apr 2023 3,188 SF
2133 University Park, Okemos, MI 48864-6904 $1,155,000 Dec 2022 11,592 SF
2187 Jolly, Okemos, MI 48864-3961 $1,300,000 Oct 2022 11,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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