4084 Okemos RdMeridian charter Township, MI 48864

  • Medical offices
  • 3,475 SF
For Sale
$695,000 View listing

Property Details for 4084 Okemos Rd

Year built
1987
Lot size
1.04 AC
Property size (Sq ft)
3,475 SF
Zone code
PO
Property type
Medical offices
Property subtype
Medical centers
APN
33-02-02-28-400-006
APU
33020228400006

Description

This exceptional executive office space, located at 4084 Okemos Road in Okemos, Michigan, offers 3,150 square feet of immediately available space on the lower level of a Class B office building. The building, constructed in 1987, sits on a 1.04-acre lot and boasts attractive landscaping and low-maintenance exteriors. This space is ideal for businesses seeking a professional and convenient location. The suite features a well-appointed interior and benefits from high visibility due to its Okemos Road frontage, placing it directly across from the Delta Dental headquarters. The property offers easy access to I-96, ensuring convenient commutes for employees and clients. While the entire 3,150 square foot space is currently available, the landlord is open to subdividing the space to accommodate tenants requiring a minimum of 1,400 square feet, with a maximum contiguous space of 3,150 square feet. The total building size is 6,950 square feet, currently occupied by multiple tenants. The asking rate is $13.50 per square foot. This presents a unique opportunity to secure high-quality office space in a desirable Okemos location. Don't miss this chance to establish your business in a prime location with excellent visibility and accessibility.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $594,878
    6.5%
    $549,118
    7%
    $509,896
  • Comparable approach

    Method
    Valuation
    Relative Method
    $325,052
    Geo Method
    $325,052
  • Alternative Use

    Use
    Valuation
    Residential
    $680,907
    Hospitality
    $623,707
    Educational
    $518,917
    Medical
    $536,763
    Retail
    $807,204

Location Insight

City
Okemos
County
Ingham
State
Michigan
Latitude
42.6998
Longitude
-84.4319
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$19,338
$76,400
$296,300
$372,700
-
$152,800
$592,600
$745,400

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