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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
1000 Coolidge Rd, East Lansing, MI 48823-2415
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1397535
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
6,202 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B4
APN
33-20-01-12-306-012
UPID
US43-1397535
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
-
Byrum & Fisk Communications Marketing & Advertising Advertising Agency
-
Bucklin Marjorie CPA Accounting Firm Tax Preparation
-
Layton & Richardson PC: Crouch Vickie CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$685k
Owner & transaction history
1000 Coolidge LLC · 6 yrs held
1000 Coolidge LLC
since 2020
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
B4 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$765,000
+24.5%
Restaurant
$725,000
+17.8%
Commercial (general)
$710,000
+15.4%
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 East Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Lansing 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
$590,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$795,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
MEDICAL BUILDING
$765,000
Change: +24% · Conversion: Easy
RESTAURANT
$725,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$710,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$490,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $500k (Jan 22 2020)
Last sale anchor
$500k
Jan 22 2020
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
$110 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$23,427
Tax year 2019
Assessed value
$392,200
Assessed 2023
Previous assessed
$376,500
+4.2% YoY
Effective rate
5.97%
On assessed value
Assessed land
$186,400
Assessed improvement
$205,800
Land market value
$372,800
Improvement market value
$411,600
Total market value
$784,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
6,202 SF
Lot
2.14 ac (93,218 SF)
Zoning code
B4
APN
33-20-01-12-306-012
UPID
US43-1397535
Jurisdiction
INGHAM
Zoning & alternative use
B4 · East Lansing, MI
Zoning B4 · permitted uses
B4 · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Lansing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
MEDICAL BUILDING
Est. value
$765,000
RESTAURANT
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$490,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1955
Heating
YES
Cooling
Yes
Stories
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
1000 Coolidge LLC
Entity
Mailing address
10891 BLF RD, TRAVERSE CITY, MI 49686-8450
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
$500,000
1000 Coolidge LLC
Richardson Ptshp
Warranty Deed
$445,000 · Mercantile Bk/mi
—
—
Richardson Partnershi
—
Deed Of Trust
related
$240,947 · Capitol National Bank
—
—
Richardson Ptshp
—
Deed Of Trust
related
$230,678 · Pnc Bank
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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