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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Strip malls
3490 Okemos Rd Okemos, MI 48864-3984
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1680395
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
7,400 SF
Lot
1.28 ac (55,757 SF)
Zoning code
B-1
APN
33-06-06-04-201-036
UPID
US43-1680395
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
-
Tropical Smoothie Cafe Restaurant
-
Verizon Telecommunications Service Data Center
-
New Morning Drug Rehabilitation Okemos, MI Rehabilitation Center Health Counselor
-
Pumpkin Patch Opioid Rehab Okemos, MI Health Counselor Rehabilitation Center
-
Jersey Mike's Subs Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$655k
Owner & transaction history
Affinity 8 Investments LLC · 7 yrs held
Affinity 8 Investments LLC
since 2019
3 recorded transactions
Zoning & alternative use
B-1 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$980,000
+106.2%
Medical building
$910,000
+92.1%
Restaurant
$865,000
+81.7%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Current use
OFFICE BUILDING
$980,000
Change: +106% · Conversion: Moderate
MEDICAL BUILDING
$910,000
Change: +92% · Conversion: Difficult
RESTAURANT
$865,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$745,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$89 / 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
$22,819
Tax year 2019
Assessed value
$678,100
Assessed 2023
Previous assessed
$649,000
+4.5% YoY
Effective rate
3.37%
On assessed value
Assessed land
$250,900
Assessed improvement
$427,200
Land market value
$501,800
Improvement market value
$854,400
Total market value
$1,356,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
YES
Stories
1
Total area
7,400 SF
Lot
1.28 ac (55,757 SF)
Zoning code
B-1
APN
33-06-06-04-201-036
UPID
US43-1680395
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$980,000
MEDICAL BUILDING
Est. value
$910,000
RESTAURANT
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Heating
YES
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Affinity 8 Investments LLC
Entity
Mailing address
4512 S SHR ST, WATERFORD, MI 48328-1162
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
—
Affinity 8 Investments LLC
Haddad,christopher J
Warranty Deed
—
Jul 20, 2012
—
Christopher J Haddad
—
Deed Of Trust
related
$1,200,000 · Citizens Federal Bank Fsb
Feb 16, 2007
—
Christopher J Haddad
Haddad,kelli J
Quit Claim Deed
related
—
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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