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    The Largest CRE Database in the US with Over 1 Million Listings

    Eric Rosekrans, East Lansing, MI

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

    Service Locations

    Contact details

    Phone:
    (517) 319-9209
    Office Address:
    1111 Michigan Ave Suite Ste 300, East Lansing, MI, 48823

    Performance

    Listings
    41

    Listings

    For Sale (20)

    View map
    • $399,000
      2.15 Acres

      East Lansing Commercial Land - $399K

      2.15-acre commercial lot, prime East Lansing location.
      0 Earl Ave, East Lansing, MI 48823
      View Details
    • $310,000
      4,508 SF

      Lansing Medical Office Building

      4,508 SF Medical Office - $310K
      2901 Stabler St, Lansing, MI 48910
      View Details
    • $49,500
      0.15 Acres

      Lansing Land: Prime Downtown Site

      High-profile corner lot, DT-1 zoning.
      0 Pine St, Lansing, MI 48933
      View Details
    • $1,795,000
      22,080 SF

      Prime East Lansing Office Building

      22,080 SF, Vacant, $1.795M
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $740,000

      Okemos Office Land Development Site

      5.65 Acres, Wooded, $740,000
      3461 Wood Edge Dr, Okemos, MI 48864
      View Details
    • $299,000
      7.10 Acres

      7.1 Acre Multi-Family Land, East Lansing

      Prime US-127 development site, multi-family zoning.
      0 State Rd, East Lansing, MI 48823
      View Details
    • $1,995,000
      13,338 SF

      Okemos Office Building: Value-Add Opportunity

      13,338 SF, 100% Occupied, 7.6% Cap Rate
      2120 University Park Dr, Okemos, MI 48864
      View Details
    • $975,000
      11,098 SF

      Historic Lansing Office Building

      Prime Capitol Ave location, 11,098 sq ft
      615 Capitol Ave, Lansing, MI 48933
      View Details
    • $2,500,000
      5.70 Acres

      Prime East Lansing Redevelopment Site

      5.7 Acres, Mixed-Use Potential
      4578 Hagadorn Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      1.50 Acres

      MERS Park Office Land

      Prime Lansing office land, 1.5-11.63 acres.
      0 Municipal Way, Lansing, MI 48917
      View Details
    • $3,000,000
      29,768 SF

      Lansing Corporate Office Building

      Class A Office, 29,768 SF, $3M
      1044 Eastbury Dr, Lansing, MI 48917
      View Details
    • $599,000
      5,747 SF

      Lansing Medical Office Building

      Prime Medical Office, Redevelopment Opportunity
      1433 Michigan Ave, Lansing, MI 48912
      View Details
    • $699,000
      3.01 Acres

      East Lansing Commercial Land - $699K

      3-Acre Business Zoned Lot, Prime Location
      3151 Coleman Rd, East Lansing, MI 48823
      View Details
    • $795,000
      3.22 Acres

      Prime Commercial Land Near Walmart

      3.22 Acres, C-2 Zoning, High Visibility
      Johns MI 48879 Ontario Dr/Huron St, Saint Johns, MI 48879
      View Details
    • $2,300,000
      19.70 Acres

      Coleman Corners Parcel C: Prime East Lansing Land

      19.7 Acres, Mixed-Use Potential, $2.3M
      0 Coolidge & Coleman Rds, East Lansing, MI 48823
      View Details
    • $2,500,000
      242,362 SF

      South Lansing Redevelopment Opportunity

      13.76 Acres, 240K SF, Vacant
      2727 Pennsylvania Ave, Lansing, MI 48910
      View Details
    • $700,000
      3.95 Acres

      East Lansing Commercial Land - $700K

      3.95 Acres, Mixed-Use Potential
      3151 Coleman Rd, East Lansing, MI 48823
      View Details
    • $995,000
      11,648 SF

      Lansing Office & Warehouse Complex

      Prime Lansing location, office & warehouse space.
      2101 David St, Lansing, MI 48912
      View Details
    • Contact for pricing
      0.93 Acres

      Lansing Office Land: Prime Location

      I-496 Access, Build Your Office
      0 Cherbourg Dr & Michigan Ave, Lansing, MI 48917
      View Details
    • $379,000
      2.08 Acres

      East Lansing Commercial Land - $379K

      2.08-Acre Office Site, Prime Location
      0 Earl Ave, East Lansing, MI 48823
      View Details

    For Lease (21)

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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
    • $24 SF/Yr
      49,954 SF

      Prime Okemos Office Space

      4,421 SF Class A Office in Woodlands Park
      2501 Woodlake Cir, Okemos, MI 48864
      View Details
    • $18 SF/Yr
      5,747 SF

      Lansing Medical Office Building

      Prime Lansing location, 5,747 SF, high visibility.
      1433 Michigan Ave, Lansing, MI 48912
      View Details
    • $20 SF/Yr
      16,570 SF

      Lansing Office Space: Kerry Street

      Prime Lansing Office, Excellent Location
      2500 Kerry St, Lansing, MI 48912
      View Details
    • $14 SF/Yr
      22,200 SF

      Lansing Office Building - 22,200 SF

      Prime Lansing Office Space, Multiple Tenants
      809 Center St, Lansing, MI 48906
      View Details
    • $20 SF/Yr
      91,802 SF

      Hollister Building: Downtown Lansing Office

      Prime Lansing office space, high visibility.
      0 Allegan & Washington, Lansing, MI 48933
      View Details
    • $15 SF/Yr
      10,188 SF

      West Lansing Office Space for Lease

      Modern Office, Great Location, 1370 SF
      5236 Dumond Ct, Lansing, MI 48917
      View Details
    • $18 SF/Yr
      35,000 SF

      Comerica Building Executive Suites

      Prestigious CBD Office Space Available
      101 Washington Sq, Lansing, MI 48933
      View Details
    • $20 SF/Yr
      5,000 SF

      East Lansing Medical Office Space

      5,000 SF Medical Office, High Visibility
      702 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $19 SF/Yr
      48,704 SF

      Verndale Office Park: Premier Office Space

      Prestigious Eaton County office park; ample parking.
      6105 St Joseph Hwy, Lansing, MI 48917
      View Details
    • $18 SF/Yr
      16,000 SF

      Executive Suites, Downtown Lansing

      Modern Office Space, Ample Parking
      741 Cedar St, Lansing, MI 48906
      View Details
    • $18 SF/Yr
      43,875 SF

      Prime Lansing Office Space Near Capitol

      Exceptional Office Space in Downtown Lansing
      300 Michigan Ave, Lansing, MI 48933
      View Details
    • $17 SF/Yr
      22,080 SF

      East Lansing Office Space Available

      Prime Office Building, Ample Parking
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $21 SF/Yr
      8,645 SF

      East Lansing Class A Office Space

      Premium Office Suites, Downtown Location
      333 Albert Ave, East Lansing, MI 48823
      View Details
    • $19 SF/Yr
      8,849 SF

      Verndale Office Park: Premier Office Space

      Prestigious office suites, ample parking, I-496 access.
      6015 St Joseph Hwy, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      8,800 SF

      Lake Lansing Road Office Space

      Prime Office Building, High Visibility
      300 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $18 SF/Yr
      29,768 SF

      Prime Eastbury Office Building

      Class A Office Space, 29,768 SF
      1044 Eastbury Dr, Lansing, MI 48917
      View Details
    • $22 SF/Yr
      19,546 SF

      East Lansing Office Space for Lease

      Prime East Lansing location, multiple tenants.
      1427 Saginaw St, East Lansing, MI 48823
      View Details
    • $22 SF/Yr
      215,150 SF

      Boji Tower: Lansing Office Space

      Prestigious Downtown Lansing Office Tower
      124 Allegan St, Lansing, MI 48933
      View Details
    • $22 SF/Yr
      32,416 SF

      Downtown Lansing Office Sublease

      Class A Office Space, Immediate Occupancy
      620 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

    Leases and Sales on Map

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    Eric 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 Rosekrans, East Lansing, MI
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