Entity Owned 
For Lease
1 / 9
$129-$9,525/Mo per office
2479 Woodlake Cir Unit 340,Unit 340, Okemos, MI 48864
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Property summary
AI-generated overview
This exceptional single-story office building, totaling 8,063 square feet, presents a fantastic opportunity for businesses seeking a prominent location in Okemos, Ingham County. Currently, 5,741 square feet of space is immediately available within this Class B property, ideal for a variety of office configurations. Situated at the highly visible corner of Okemos Road and Jolly Road, the building benefits from exceptional visibility and accessibility. The location offers unparalleled convenience, with close proximity to a wide array of amenities including restaurants, fitness centers, hotels, dry cleaners, grocery stores, retail shops, medical facilities, and educational institutions. Commuting is a breeze with easy access to I-96. The building itself is a single-story structure with no elevators. The property is classified as a Traditional Office and Executive Office space, suitable for multiple tenants. This is a rare opportunity to secure a well-located, sizable office space in a thriving area. The address is 2479 Woodlake Circle. Don't miss out on this chance to establish your business in a prime Okemos location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
8,020 SF
Lot
1.18 ac (51,401 SF)
Zoning code
B-1
APN
33-06-06-04-101-016
UPID
US43-1251455
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Physician
-
Medical Clinic
-
Medical Clinic
-
Accounting Firm Tax Preparation
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$420k
Owner & transaction history
since 2025
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
B-1 · 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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Estimated value / SF
$52 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,020 SF
Lot area
1.18 ac
Year built
1994
Stories
1
APN
33-06-06-04-101-016
Zoning
B-1
Assessed value
$377,800
Annual tax
$17,450
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$716k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 8,882 SF
15.7 mi away · 8,852 SF
24.1 mi away · 10,230 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$132
-60%
Submarket 36 sales
$132
-60%
County 168 sales
$93
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $52/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
Not available
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: replacement-cost inputs are not on file.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$550k
Move the market yield to see immediate price impact.
Value / SF
$69
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%
$35k
$693k
$495k
$385k
$39k
$770k
$550k
$428k
$42k
$847k
$605k
$471k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$715k
5.0 mi · Feb 2026 · $115/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$17,450
Tax year 2019
Assessed value
$377,800
Assessed 2023
Previous assessed
$333,300
+13.4% YoY
Effective rate
4.62%
On assessed value
Assessed land
$77,100
Assessed improvement
$300,700
Land market value
$154,200
Improvement market value
$601,400
Total market value
$755,600
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
For Lease
Year built
1994
Heating
ZONE
Stories
1
Total area
8,020 SF
Lot
1.18 ac (51,401 SF)
Zoning code
B-1
APN
33-06-06-04-101-016
UPID
US43-1251455
Jurisdiction
INGHAM
Zoning & alternative use
B-1 · Okemos, MIZoning B-1 · permitted uses
B-1 · 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
1994
Heating
ZONE
Stories
1
Lot
1.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-1
Jurisdiction
Okemos, MI
Recorded code
B-1
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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