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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Office buildings
2356 Science Pkwy Okemos, MI 48864
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1679829
Property summary
AI-generated overview
This exceptional Okemos, MI office complex, located at 2356 Science Parkway, offers 26,110 square feet of versatile space ideal for a variety of businesses. Situated within the prestigious Red Cedar Research Park, this property features two single-story buildings totaling 26,110 square feet, currently fully vacant and immediately available. The space is divisible to a minimum of 4,000 square feet, allowing for flexibility in tenant needs, with a maximum contiguous space of 26,110 square feet for larger organizations. The property includes two suites in total, offering a blend of open floor plans and private office options. Conveniently located near the I-96/Okemos Road interchange (less than one mile away), this property provides easy access to major transportation routes. Ample on-site parking is available for employees and clients. The address is 2356 Science Pkwy, Okemos, MI 48864, at the intersection of Science Parkway and Okemos Road. There are no elevators in this single-story building. This property presents a unique opportunity to establish a prominent presence in a thriving research park environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
12,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
RP
APN
33-02-02-28-176-033
UPID
US43-1679829
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.40M
Owner & transaction history
Okemos LLC · 2 yrs held
Okemos LLC
since 2023
2 recorded transactions
Zoning & alternative use
RP · 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%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
MEDICAL BUILDING
$1,480,000
Change: -7% · Conversion: Easy
RESTAURANT
$1,400,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,370,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$117 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$35,344
Tax year 2022
Assessed value
$495,800
Assessed 2023
Previous assessed
$495,800
+0.0% YoY
Effective rate
7.13%
On assessed value
Assessed land
$140,800
Assessed improvement
$355,000
Land market value
$281,600
Improvement market value
$710,000
Total market value
$991,600
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
1983
Heating
YES
Buildings
3
Stories
1
Total area
12,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
RP
APN
33-02-02-28-176-033
UPID
US43-1679829
Jurisdiction
INGHAM
Zoning & alternative use
RP · Okemos, MI
Zoning RP · permitted uses
RP · 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
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1983
Heating
YES
Stories
1
Buildings
3
Lot
2.87 ac
Current owner
From public records · entity-resolved
Okemos LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3300 N 29TH AVE, HOLLYWOOD, FL 33020-1031
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Okemos LLC
Georege F Eyde Family LLC
Warranty Deed
—
Dec 29, 2015
$950,000
George F Eyde Family LLC
K & H Properties LLC
Warranty Deed
$731,250 · Independent 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.
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