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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Office buildings
112 Woodworth St, Leslie, MI 49251-9485
Individually Owned
11-yr Hold
Free & Clear
Property ID
US43-1402672
Property summary
AI-generated overview
This exceptional 2.4-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Leslie, Michigan. Previously the site of Leslie High School, the existing structure will be razed by the seller, leaving a clean slate for a variety of development projects. The property boasts a highly desirable walkable location, offering easy access to downtown Leslie's amenities and businesses. Its strategic positioning provides frontage on three streets, maximizing visibility and accessibility. The asking price for this prime development site is $199,000. This presents a significant opportunity for investors and developers seeking a substantial land holding in a thriving Michigan community. The property's size and location make it ideal for multi-family residential development, but other commercial ventures are also feasible. Detailed site plans and surveys are available upon request. The address is 112 Woodworth, Leslie, MI 49251. This is a rare chance to acquire a large, well-situated parcel in a growing area, ready for immediate development. Don't miss this chance to shape the future of Leslie. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
30,455 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R1A LO
APN
33-17-14-28-126-016
UPID
US43-1402672
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.74M
Owner & transaction history
Ingham Cnty Land Bk Fast Track · 11 yrs held
Ingham Cnty Land Bk Fast Track
since 2015
2 recorded transactions
Zoning & alternative use
R1A LO · Leslie, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+32.1%
Restaurant
$3.6M
+25.0%
Commercial (general)
$3.5M
+22.4%
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 Leslie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leslie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,840,000
Current use
MEDICAL BUILDING
$3,755,000
Change: +32% · Conversion: Easy
RESTAURANT
$3,550,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,480,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,065,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$2,415,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10%
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
$90 / 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 2022Property tax & assessments
Tax year 2022
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
1928
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
30,455 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R1A LO
APN
33-17-14-28-126-016
UPID
US43-1402672
Jurisdiction
INGHAM
Zoning & alternative use
R1A LO · Leslie, MI
Zoning R1A LO · permitted uses
R1A LO · Leslie, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leslie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.4M
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
1928
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Ingham Cnty Land Bk Fast Track
Individual
Free & Clear · 11 yrs held
Mailing address
3024 TURNER ST, LANSING, MI 48906-3121
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2015
—
Ingham Cnty Land Bk Fast Track
Ingham County
Quit Claim Deed
related
—
Feb 18, 2015
—
County Of Ingham
Treasurer Of Ingham County
Quit Claim Deed
related
—
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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