Entity Owned 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$545k
Owner & transaction history
since 2023
2 recorded transactions
Zoning & alternative use
RP · Okemos, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$545k
Value range
$491k – $600k
±10% around blend
Estimated value / SF
$45 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$491k
blend $545k
$600k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
2.87 ac
Year built
1983
Stories
1
APN
33-02-02-28-176-033
Zoning
RP
Assessed value
$495,800
Annual tax
$35,344
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.66M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.80M
@ 6.5% CAP return
$1.66M
@ 7% CAP return
$1.54M
4
Sales comparison
Partial preview
Sales approach indication
$715k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.5 mi away · 8,852 SF
22.3 mi away · 10,230 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$545k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$132
-66%
Submarket 36 sales
$132
-66%
County 168 sales
$93
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $45/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$496k
Move the market yield to see immediate price impact.
Value / SF
$41
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$31k
$625k
$446k
$347k
$35k
$694k
$496k
$386k
$38k
$764k
$545k
$424k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$633k
4.5 mi · Mar 2026 · $71/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, MIZoning RP · permitted uses
RP · Okemos, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
YES
Stories
1
Buildings
3
Lot
2.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RP
Jurisdiction
Okemos, MI
Recorded code
RP
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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