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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Drive through restaurants
5140 Times Sq Pl, Okemos, MI 48864-1161
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-0098379
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2003
Total area
4,641 SF
Lot
2.15 ac (93,785 SF)
Zoning code
CS
APN
33-02-02-15-400-027
UPID
US43-0098379
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$640k
Owner & transaction history
The Gary M Poole Revocable Trust · 9 yrs held
The Gary M Poole Revocable Trust
since 2017
5 recorded transactions
Zoning & alternative use
CS · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+13.5%
Medical building
$570,000
+5.7%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$540,000
Current use
OFFICE BUILDING
$615,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$570,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$465,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$138 / 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
$48,019
Tax year 2019
Assessed value
$769,500
Assessed 2023
Previous assessed
$732,100
+5.1% YoY
Effective rate
6.24%
On assessed value
Assessed land
$339,900
Assessed improvement
$429,600
Land market value
$679,800
Improvement market value
$859,200
Total market value
$1,539,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2003
Heating
YES
Stories
1
Total area
4,641 SF
Lot
2.15 ac (93,785 SF)
Zoning code
CS
APN
33-02-02-15-400-027
UPID
US43-0098379
Jurisdiction
INGHAM
Zoning & alternative use
CS · Okemos, MI
Zoning CS · permitted uses
CS · 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
RESTAURANT Current
Est. value
$540,000
OFFICE BUILDING
Est. value
$615,000
MEDICAL BUILDING
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$465,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
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
2003
Heating
YES
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
The Gary M Poole Revocable Trust
Trust
Mailing address
3920 S MDW DR, MIDDLETON, WI 53562-2360
Ownership since
2017
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
Mar 31, 2022
—
The Gary M Poole Revocable Trust
—
Deed
related
$1,830,000 · Nicolet National Bank
Mar 14, 2017
$3,030,000
The Gary M Poole Revocable Trust
Jcc Propeteis LLC
Warranty Deed
—
Jun 28, 2007
$2,305,000
Jcc Properties LLC
Custom Care LLC
Warranty Deed
$1,080,000 · Mercantile Bank Mortgage Company Ll
Aug 21, 2003
$1,370,000
Custom Care LLC
Louis J Eyde Ltd Family Ptshp
Warranty Deed
related
$809,000 · Fifth Third Bk/w Mi
—
—
Custom Care LLC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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