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    Eric F. Rosekrans, East Lansing, MI

    License ID: 6501153826
    Martin Commercial Properties
    Association
    Greater Lansing Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (517) 290-7606
    Office Address:
    1111 Michigan Ave Suite Ste 300, East Lansing, MI, 48823

    Performance

    Listings
    27

    Listings

    For Sale (14)

    View map
    • $399,000

      Prime Development Land in East Lansing

      Development land in prestigious office park, ready for immediate development.
      Earl Ave, East Lansing, MI 48823
      View Details
    • $310,000
      4,508 SF

      Two-Story Office Building For Sale

      4,508 SF office building with parking and storage.
      2901 Stabler St, Lansing, MI 48910
      View Details
    • $49,500

      Corner Site in Lansing

      0.153 acre site, gateway to downtown Lansing.
      S Pine St, Lansing, MI 48933
      View Details
    • $1,795,000
      22,080 SF

      East Lansing Office Building For Sale

      Two-story office building near MSU with ample parking.
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $740,000

      Development Site in Wooded Area

      5.65 acre development site adjacent to two wetlands.
      3461 Wood Edge Dr, Okemos, MI 48864
      View Details
    • $299,000

      Development Land with US-127 Frontage

      7.1 acre development site with excellent frontage and access.
      E State Rd NW Quadrant State & Brown, East Lansing, MI 48823
      View Details
    • $1,795,000
      13,338 SF

      Okemos Office Building Investment Opportunity

      Fully leased 13,338 SF office building in Okemos, Michigan.
      2120 University Park Dr, Okemos, MI 48864
      View Details
    • $975,000
      11,098 SF

      Historic Office Building in Lansing

      Classically finished office space near Lansing Community College.
      615 N Capitol Ave, Lansing, MI 48933
      View Details
    • $2,500,000

      Development Opportunity Near MSU Campus

      5.7 Acres ideal for mixed-use development or condominiums.
      4578 Hagadorn Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Delta Township Office Park Land

      Office lots in established business hub with full infrastructure.
      Municipal Way, Lansing, MI 48917
      View Details
    • $3,000,000
      29,768 SF

      Office Building with Serene Views

      Office building with workout facility, cafeteria, and backup generator.
      1044 Eastbury Dr, Lansing, MI 48917
      View Details
    • $699,000

      Prime Land Development Opportunity

      Land available for commercial or mixed-use development in East Lansing.
      3151 Coleman Rd, East Lansing, MI 48823
      View Details
    • $995,000
      11,648 SF

      Office Building with Warehouse

      11,648 SF office building with 4,998 SF warehouse.
      2101 David St Lansing, Lansing, MI 48912
      View Details
    • Contact for pricing

      Prime Lansing Office Development Site

      Ready-to-develop office site in a thriving Lansing corridor.
      Cherbourg Dr & Michigan Ave, Lansing, MI 48917
      View Details

    For Lease (13)

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    • $14 SF/Yr
      9,600 SF

      Lansing Office Space: Golf Course Views

      Prime Lansing office space, stunning golf course views.
      1601 César E Chávez Ave, Lansing, MI 48906
      View Details
    • $20 SF/Yr

      Professional Office Space Available

      Two-story office building with flexible space in Lansing Township.
      2500 Kerry St, Lansing, MI 48912
      View Details
    • $18 SF/Yr

      Iconic Office Tower in Lansing

      Prestigious downtown Lansing office space with flexible configurations.
      101 N Washington Sq, Lansing, MI 48933
      View Details
    • $17 SF/Yr

      East Lansing Multi-Tenant Office Building

      Two-story office building with income potential in East Lansing.
      702 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $19 SF/Yr

      Professional Office Park Near I-496

      Well-maintained office park with high-quality tenants and convenient location.
      6105 W St Joseph Hwy, Lansing, MI 48917
      View Details
    • $18 SF/Yr

      High Visibility Lansing Office Building

      Two-story office building with investment income and owner-user potential.
      741 N Cedar St, Lansing, MI 48906
      View Details
    • $17 SF/Yr

      East Lansing Office Building For Rent

      Two-story office building near MSU with ample parking.
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $18 SF/Yr

      Corporate Office Headquarters Ready

      Corporate office building with amenities near I-96.
      1044 Eastbury Dr, Lansing, MI 48917
      View Details
    • $22 SF/Yr

      Corner Office Space Available

      High-quality office building near Frandor Shopping Center.
      1427 W Saginaw St, East Lansing, MI 48823
      View Details
    • $22 SF/Yr

      Downtown Office Space with Views

      Renovated office space in downtown Lansing with Capitol views.
      124 W Allegan St, Lansing, MI 48933
      View Details
    • $22 SF/Yr

      Downtown Office Suite For Rent

      Modern office suite in downtown Lansing with private parking.
      620 S Capitol Ave, Lansing, MI 48933
      View Details
    • $27 SF/Yr
      6,000 SF

      Lansing Office Sublease: Prime Downtown Location

      6,000 SF Top Floor Office, Stunning Views
      120 Washington Sq, Lansing, MI 48933
      View Details
    • $22 SF/Yr
      33,315 SF

      Lansing Office Space Available

      Office space available for lease in Lansing, Michigan.
      620 S Capitol Ave, Lansing, MI 48933
      View Details

    Leases and Sales on Map

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    Eric F. Rosekrans, East Lansing, MI
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Eric F. Rosekrans, East Lansing, MI
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