Entity Owned 
For Lease
$14 SF/Yr
5100 Marsh Rd, Okemos, MI 48864
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Property summary
AI-generated overview
Central Park Place, located at 5100 Marsh Rd in Okemos, Michigan (zip code 48864), offers prime retail space within a thriving strip center. This Ingham County property boasts a total of 74,000 square feet, with three available spaces ranging from 2,150 to 2,950 contiguous square feet. A total of 7,619 square feet is currently vacant and ready for immediate occupancy. The property is ideally situated directly on Marsh Road, providing excellent visibility and accessibility. Its strategic location adjacent to Meridian Mall and other national retail and restaurant chains ensures high foot traffic and a strong customer base. The property is classified as a commercial strip center suitable for restaurant chains and other retail businesses. The minimum divisible space is 2,150 square feet. This upscale retail center presents a unique opportunity for businesses seeking a prominent location in a high-demand area. The property's location in Meridian Charter Township offers a vibrant and affluent market.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1986
Total area
3,769 SF
Lot
6.38 ac (277,913 SF)
Zoning code
C-2
APN
33-02-02-15-300-014
UPID
US43-1033550
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
-
Medical Clinic Ophthalmologist
-
Clothing & Fashion Store
-
Tanning Salon
-
Ophthalmologist
-
Ophthalmologist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$605k
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
C-2 · Okemos, MI
Top alternative use upside
Office building
$500,000
+13.5%
Medical building
$465,000
+5.7%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 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
$605k
Value range
$545k – $666k
±10% around blend
Estimated value / SF
$161 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$545k
blend $605k
$666k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,769 SF
Lot area
6.38 ac
Year built
1986
Stories
1
APN
33-02-02-15-300-014
Zoning
C-2
Assessed value
$3,440,300
Annual tax
$182,261
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$182,261
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$720k
Range $219k – $720k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$605k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 41 sales
$117
+38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $161/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+13%
vs current-use indication
Medical Building
Restaurant · current use
Commercial (general)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Market benchmark
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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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$5.42M
Move the market yield to see immediate price impact.
Value / SF
$1,438
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%
$341k
$6.83M
$4.88M
$3.79M
$379k
$7.59M
$5.42M
$4.21M
$417k
$8.34M
$5.96M
$4.64M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$182,261
Tax year 2022
Assessed value
$3,440,300
Assessed 2023
Previous assessed
$3,218,400
+6.9% YoY
Effective rate
5.30%
On assessed value
Assessed land
$729,800
Assessed improvement
$2,710,500
Land market value
$1,459,600
Improvement market value
$5,421,000
Total market value
$6,880,600
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1986
Heating
YES
Buildings
5
Stories
1
Rooms
1
Bathrooms
1
Total area
3,769 SF
Lot
6.38 ac (277,913 SF)
Zoning code
C-2
APN
33-02-02-15-300-014
UPID
US43-1033550
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Okemos, MIZoning C-2 · permitted uses
C-2 · 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
1986
Heating
YES
Stories
1
Buildings
5
Rooms
1
Bathrooms
1
Lot
6.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2
Jurisdiction
Okemos, MI
Recorded code
C-2
Ownership Intelligence
Find the owner behind the property.
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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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