Back to Search
Property profile & analytics
FOR LEASE
Office buildings
2205 E Jolly Rd Okemos, MI 48864
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1508926
For Lease
1 / 31
$3,163/Mo
2205 E Jolly Rd, Okemos, MI 48864
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
9,140 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GO
APN
33-06-06-04-201-040
UPID
US43-1508926
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
-
REBECCA ROSE ELZINGA Physician
-
Patel Purvaj M MD Physician
-
A Skaters Dream (Bike/Boat/Book/etc) Store
-
US Medical Management Home Health Care Service
-
Dr. Joseph Armovit Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.11M
Owner & transaction history
Tgp Management LLC · 14 yrs held
Tgp Management LLC
since 2012
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
MEDICAL BUILDING
$1,125,000
Change: -7% · Conversion: Easy
RESTAURANT
$1,065,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,045,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$121 / 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
$15,674
Tax year 2019
Assessed value
$404,500
Assessed 2023
Previous assessed
$369,500
+9.5% YoY
Effective rate
3.87%
On assessed value
Assessed land
$58,200
Assessed improvement
$346,300
Land market value
$116,400
Improvement market value
$692,600
Total market value
$809,000
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
For Lease
Year built
1986
Heating
ZONE
Stories
1
Total area
9,140 SF
Lot
0.89 ac (38,768 SF)
Zoning code
GO
APN
33-06-06-04-201-040
UPID
US43-1508926
Jurisdiction
INGHAM
Zoning & alternative use
GO · Okemos, MIZoning GO · permitted uses
GO · Okemos, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1986
Heating
ZONE
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Tgp Management LLC
Entity
Mailing address
2199 JOLLY RD STE #140, OKEMOS, MI 48864-3968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Tgp Management LLC
—
Deed
related
$300,000 · First National Bank Of America
Aug 29, 2022
—
Tgp Management LLC
—
Deed
related
$100,000 · First National Bank Of America
Sep 27, 2019
—
Tgp Management LLC
—
Deed
related
$9,276,000 · First Nat'l Bk/america
Jun 29, 2012
$920,000
Tgp Management LLC
Michigan Equities U Portfolio Holdi
Other
$690,000 · First National Bank Of America
—
—
Tgp Management LLC
—
Loan Modification
related
$9,276,000 · First Nat'l Bk/america
—
—
Tgp Management LLC
—
Deed Of Trust
related
$840,000 · First Nat'l Bk/america
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?”
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.
