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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
2419 Science Pkwy 11, Okemos, MI 48864-2562
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0131746
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
6,316 SF
Lot
2.68 ac (116,654 SF)
Zoning code
RP
APN
33-02-02-28-177-001
UPID
US43-0131746
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
-
Mary Mardigian, RE/MAX RE Professionals Okemos Real Estate Agency
-
Capital Area Real Estate Specialists of RE/MAX - Troy Seyfert, Chad Dutcher & Caleb Harrison Real Estate Agency
-
Emily Lott, RE/MAX Real Estate Real Estate Agency
-
Deb Cleminson, Real Estate Professional Real Estate Agency
-
Molly Higbie - Real Estate Professional Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.01M
Owner & transaction history
Fm20 LLC · 4 yrs held
Fm20 LLC
since 2021
4 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%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Current use
MEDICAL BUILDING
$780,000
Change: -7% · Conversion: Easy
RESTAURANT
$735,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$160 / 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
$23,651
Tax year 2019
Assessed value
$455,400
Assessed 2023
Previous assessed
$382,500
+19.1% YoY
Effective rate
5.19%
On assessed value
Assessed land
$131,300
Assessed improvement
$324,100
Land market value
$262,600
Improvement market value
$648,200
Total market value
$910,800
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
1988
Heating
YES
Stories
1
Total area
6,316 SF
Lot
2.68 ac (116,654 SF)
Zoning code
RP
APN
33-02-02-28-177-001
UPID
US43-0131746
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
$835,000
MEDICAL BUILDING
Est. value
$780,000
RESTAURANT
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$720,000
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
1988
Heating
YES
Stories
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Fm20 LLC
Entity
Mailing address
2900 WW RD STE #510, EAST LANSING, MI 48823-6386
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Fm20 LLC
Michael Williams
Quit Claim Deed
related
—
Oct 15, 2020
$6,000
Michael Williams
T M Rail Holdings LLC
Warranty Deed
—
Sep 21, 2010
$425,000
T-m Rail Holdings LLC
North Pacific Group INC
Quit Claim Deed
related
—
—
—
T-m Rail Holdings LLC
—
Deed Of Trust
related
$400,000 · Fifth Third 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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