Multi-Tenant Office
1625 Ramblewood Dr East Lansing, MI 48823
1625 Ramblewood Dr, East Lansing, MI, 48823
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For Sale
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Freestanding office property offering 10,976 SF, listed for sale in East Lansing, Michigan.
Property Size10,976 SF
Price / SF$251.60
Days on Market119
Property Features for 1625 Ramblewood Dr
General Information
- Standard status
- Active
- Size
- 10,976 SF
- Property subtype
- Office
Listing agency
NAI Mid-Michigan
(517) 281-5800
Listed by
Jerome Abood · License #MI 6506045494
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 1:41AM Checked: Jul 21 at 1:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Mid-Michigan
Investment Insights
Based on property information with market context.
This for-sale office property is a 10,976 SF commercial building in East Lansing, Michigan. The asset is presented as a multi-tenant office option, suited for office-based businesses seeking a dedicated property footprint.
The property is located at 1625 Ramblewood Dr in East Lansing. No further details regarding unit configuration, amenities, or leasing status were provided in the available information.
Prospective buyers and tenant representatives can request additional property materials to confirm the internal layout and current condition.
The property is located at 1625 Ramblewood Dr in East Lansing. No further details regarding unit configuration, amenities, or leasing status were provided in the available information.
Prospective buyers and tenant representatives can request additional property materials to confirm the internal layout and current condition.
Key Highlights
- Freestanding office property for sale in East Lansing, MI
- 10,976 SF office building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.1k | $14.40 |
| − Vacancy | −$34.6k | −$3.15 |
| EGI | $123.4k | $11.25 |
| − OpEx | −$30.9k | −$2.81 |
| NOI | $92.6k | $8.43 |
10,976 SF · lease $14.40/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,580 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,440 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Leonard J. ...
Pediatrician
Engstrom Family Dental
Dental Office
Engstrom Christine F ...
Dental Office
Garrett Michael
Physician
Johnson David K ...
Pediatrician
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FAQs
What type of property is this?
Office building - Freestanding office property offering 10,976 SF, listed for sale in East Lansing, Michigan.
Where is this office building located?
The property is located at 1625 Ramblewood Dr East Lansing, MI.
What is the asking price?
The asking price for this property is $2,761,577.
What are key features of this property?
This property features: Freestanding office property for sale in East Lansing, MI; 10,976 SF office building
