Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2289 Grand Riv Ave Okemos, MI 48864-1649
    Back to Search
    Property profile & analytics

    2289 Grand Riv Ave, Okemos, MI 48864-1649

    View on Map
    • Medical Office Space
    • 2,566 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US43-1616186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lansing Urgent Care - Okemos / Medical Clinic
    • TERRY MERRILL MATTHEWS / Medical Clinic

    Property Details for 2289 Grand Riv Ave

    Year built
    1972
    Lot size
    0.43 lot acres
    Zone code
    C-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    33-02-02-21-176-019
    APU
    33020221176019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2014 — T & W Commercial LLC Taylor James C Trust Quit Claim Deed · related —
    Aug 7, 2006 — Taylor,james C Trust Taylor James C Trust Quit Claim Deed · related —
    Jun 26, 2006 $14,133 Taylor,james C Trust Williams,charlene Quit Claim Deed · related —
    Apr 19, 2005 — James C Taylor Taylor James C Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4342
    Latitude
    42.7228
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $14,696
    $83,400
    $159,300
    $242,700
    -
    $166,800
    $318,600
    $485,400

    Comparable in this City

    • Value Estimation by Request
      2,652 SF

      1841 Newman Rd, Unit 8

      MEDICAL BUILDING
      1841 Newman Rd, Okemos, MI 48864-1122
      View Details
    • Value Estimation by Request
      2,747 SF

      4787 Okemos Rd

      MEDICAL BUILDING
      4787 Okemos Rd, Okemos, MI 48864-1634
      View Details
    • Value Estimation
      $1,585,000
      8,152 SF

      1665 Hamilton Rd

      MEDICAL BUILDING
      1665 Hamilton Rd, Okemos, MI 48864-1809
      View Details
    • Value Estimation by Request
      1,844 SF

      269 Jolly Rd, Unit 1

      MEDICAL BUILDING
      269 Jolly Rd, Okemos, MI 48864
      View Details
    • Value Estimation
      $675,000
      4,514 SF

      1881 Grand Riv Ave

      MEDICAL BUILDING
      1881 Grand Riv Ave, Okemos, MI 48864-1840
      View Details
    • Value Estimation by Request
      664 SF

      4129 Okemos Rd Ste, Unit 8

      MEDICAL BUILDING
      4129 Okemos Rd Ste, Okemos, MI 48864-2822
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,226 SF

      Okemos Two-Building Portfolio Opportunity

      Two-building portfolio in Okemos submarket with stable tenancy.
      2525 Jolly Rd, Okemos, MI 48864
      View Details
    • Contact for pricing
      1,800 SF

      Okemos Professional Office Opportunity

      Versatile office space in a well-maintained condominium complex.
      4123 Okemos Rd, Okemos, MI 48864
      View Details
    • Contact for pricing

      Okemos Road Office Space Available

      2,796 SF office space with visibility on Jolly Road.
      2395 Jolly Rd, Okemos, MI 48864
      View Details
    • New
      $525,000
      2,669 SF

      Freestanding Retail and Office Building

      Freestanding building with a drive-thru offers flexible space for professional office, medical, or service users.
      4815 Okemos Rd, Okemos, MI 48864
      View Details
    • $3,399,000
      29,226 SF

      Okemos Two-Building Portfolio Opportunity

      Two-building portfolio in Okemos submarket with stable tenancy.
      2525 Jolly Rd, Okemos, MI 48864
      View Details
    • $185,000
      1,250 SF

      Built-Out Medical Office Suite

      A turnkey former dental/medical suite with exam rooms and plumbing hookups for immediate clinical occupancy.
      2277 Science Pkwy, Okemos, MI 48864
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Space in Okemos

      Updated office space ideal for medical or professional business.
      2205 E Jolly Rd, Okemos, MI 48864
      View Details
    • Contact for pricing

      Okemos Office Space For Rent

      2,623± SF office suite in prime Okemos location.
      4131 Okemos Rd, Okemos, MI 48864
      View Details
    • $3,163 /Mo
      2,207 SF

      Updated Medical Office Building

      Updated office space suited for medical or professional use, with convenient access to major roads and local amenities.
      2205 E Jolly Rd, Okemos, MI 48864
      View Details
    • Contact for pricing

      Office Space Near Okemos Road

      Office space for rent with convenient access to amenities.
      2395 Jolly Rd, Okemos, MI 48864
      View Details
    • $16 SF/Yr
      664 SF

      Prime Okemos Office Space Available

      Versatile 2,623+/- SF office suite in a prime Okemos location.
      4131 Okemos Rd, Okemos, MI 48864
      View Details
    • Contact for pricing

      Okemos Road Office Space

      Office space available for rent on Okemos Road.
      4121 Okemos Rd, Okemos, MI 48864
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2289 Grand Riv Ave
    Okemos, MI 48864-1649
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2289 Grand Riv Ave, Okemos, MI, 48864
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!