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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Grocery and convenience stores
3450 Okemos Rd, Okemos, MI 48864-3924
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3740611
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2015
Total area
7,284 SF
Lot
2.54 ac (110,642 SF)
Zoning code
B-1
APN
33-06-06-04-202-013
UPID
US43-3740611
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
-
Jimmy John's Take-out & Catering Catering Service
-
Tailgaters (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$800k
Owner & transaction history
Dadco Properties LLC · 4 yrs held
Dadco Properties LLC
since 2022
5 recorded transactions
Zoning & alternative use
B-1 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$965,000
+66.8%
Medical building
$900,000
+55.4%
Restaurant
$850,000
+47.0%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
OFFICE BUILDING
$965,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$900,000
Change: +55% · Conversion: Difficult
RESTAURANT
$850,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$830,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$110 / 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
$57,464
Tax year 2019
Assessed value
$1,206,500
Assessed 2023
Previous assessed
$1,041,000
+15.9% YoY
Effective rate
4.76%
On assessed value
Assessed land
$497,900
Assessed improvement
$708,600
Land market value
$995,800
Improvement market value
$1,417,200
Total market value
$2,413,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2015
Heating
YES
Stories
1
Total area
7,284 SF
Lot
2.54 ac (110,642 SF)
Zoning code
B-1
APN
33-06-06-04-202-013
UPID
US43-3740611
Jurisdiction
INGHAM
Zoning & alternative use
B-1 · Okemos, MI
Zoning B-1 · permitted uses
B-1 · 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
RETAIL STORES Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$965,000
MEDICAL BUILDING
Est. value
$900,000
RESTAURANT
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2015
Heating
YES
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Dadco Properties LLC
Entity
Mailing address
3490 OKEMOS RD, OKEMOS, MI 48864-3984
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
Dadco Properties LLC
—
Deed
related
$1,872,000 · Michigan State University FCU
Jan 22, 2015
—
Dadco Properties LLC
—
Trustees Deed
related
$1,307,380 · Mercantile Bk/mi
—
—
Dadco Properties LLC
—
Loan Modification
related
$1,400,237 · Mercantile Bk/mi
—
—
Dadco Properties LLC
—
Loan Modification
related
$980,165 · Mercantile Bk/mi
—
—
Dadco Properties LLC
—
Deed Of Trust
related
$1,009,000 · Community Dev Commission
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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