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Property profile & analytics
OFF-MARKET
Estimated value
$6,405,000
Assisted living facilities
5211 Marsh Rd Okemos, MI 48864-1106
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1650919
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2008
Total area
56,636 SF
Lot
6.58 ac (286,625 SF)
Zoning code
RR
APN
33-02-02-15-400-030
UPID
US43-1650919
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
-
Okemos Health & Rehab Center Rehabilitation Center
-
Medilodge of Okemos Nursing Home
-
Rani Gebara, DO Physician Medical Clinic
-
Harnoor Tokhie, DO Physician Medical Clinic
-
Jim Sylvain, DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.41M
Owner & transaction history
Okemos 5211 Property Holdings LLC · 2 yrs held
Okemos 5211 Property Holdings LLC
since 2023
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
RR · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.8M
+193.7%
Office building
$7.0M
+135.3%
Commercial (general)
$6.0M
+101.7%
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
$8,880,000
ML approach
$6,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,750,000
Change: +194% · Conversion: Difficult
OFFICE BUILDING
$7,010,000
Change: +135% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,010,000
Change: +102% · Conversion: Difficult
RESTAURANT
$5,920,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,880,000
Change: +97% · Conversion: Difficult
RETAIL STORES
$3,855,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±10% · vs last sale $6.28M (Dec 5 2023)
Last sale anchor
$6.28M
Dec 5 2023
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
$113 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$218,772
Tax year 2022
Assessed value
$3,651,300
Assessed 2023
Previous assessed
$3,651,300
+0.0% YoY
Effective rate
5.99%
On assessed value
Assessed land
$322,400
Assessed improvement
$3,328,900
Land market value
$644,800
Improvement market value
$6,657,800
Total market value
$7,302,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2008
Heating
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
56,636 SF
Lot
6.58 ac (286,625 SF)
Zoning code
RR
APN
33-02-02-15-400-030
UPID
US43-1650919
Jurisdiction
INGHAM
Zoning & alternative use
RR · Okemos, MI
Zoning RR · permitted uses
RR · 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
MEDICAL BUILDING
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RESTAURANT
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RETAIL STORES
Est. value
$3.9M
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Heating
YES
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
6.58 ac
Current owner
From public records · entity-resolved
Okemos 5211 Property Holdings LLC
Entity
Mailing address
3450 OAKTON ST, SKOKIE, IL 60076-2951
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$6,281,202
Okemos 5211 Property Holdings LLC
Tmi Okemos Re LLC
Deed
—
Jan 18, 2011
—
Tmi Okemos Re LLC
Tendercare One Acquisition Limited
Other
$25,000,000 · The Privatebank & Trust Co
—
—
Tmi Okemos Re LLC
—
Deed Of Trust
related
$8,543,000 · Ziegler Financial
—
—
Tmi Okemos Re LLC
—
Deed Of Trust
related
$35,000,000 · Privatebank & Trust
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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