Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1216 Kendale Blvd East Lansing, MI 48823-2008

    • Office buildings
    • 60,620 SF
    • 4.80 lot acres
    OFF-MARKET
    Value Estimations
    $4,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1393052
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MEA / High School / Vocational School
    • Michigan Education Association / Charitable Organization / Social Service Agency
    • Fairway Investment Group / Financial Advisor
    • MEA Financial Services / Insurance Agency
    • Mea 1216 Co 911 / Charitable Organization / Social Service Agency

    Property Details for 1216 Kendale Blvd

    Year built
    1963
    Lot size
    4.80 lot acres
    Property size
    60,620 SF
    Zone code
    B1
    Property type
    Office buildings
    APN
    33-20-02-07-107-029
    APU
    33200207107029

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,064,000
      Market price range: $831k - $9.57M
      AI Estimate
      $3,442,000
      Market price range: $1.72M - $8.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,000,000
      Current use
      RESTAURANT
      $7,070,000
      Change: +18% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,925,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,100,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $4,810,000
      Change: -20% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4801
    Latitude
    42.7476
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $110,519
    $836,700
    $901,800
    $1,738,500
    -
    $1,673,400
    $1,803,600
    $3,477,000

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      16262 Chandler Rd

      OFFICE BUILDING • 4,800 SF
      16262 Chandler Rd, East Lansing, MI 48823-6119
      View Details
    • Value Estimation
      $670,000
      24,872 SF

      1451 Lansing Dr Ste, Unit 214

      OFFICE BUILDING • 24,872 SF
      1451 Lansing Dr Ste, East Lansing, MI 48823-2993
      View Details
    • Value Estimation
      $675,000
      24,872 SF

      1451 Lansing Dr Ste, Unit 215

      OFFICE BUILDING • 24,872 SF
      1451 Lansing Dr Ste, East Lansing, MI 48823-2993
      View Details
    • Value Estimation by Request
      3,120 SF

      3515 Coolidge Rd Ste, Unit 4

      OFFICE BUILDING • 3,120 SF
      3515 Coolidge Rd Ste, East Lansing, MI 48823-8014
      View Details
    • Value Estimation by Request
      2,429 SF

      2001 Abbot Rd

      OFFICE BUILDING • 2,429 SF
      2001 Abbot Rd, East Lansing, MI 48823-1407
      View Details
    • Value Estimation
      $1,830,000
      20,000 SF

      2947 Eyde Pkwy

      OFFICE BUILDING • 20,000 SF
      2947 Eyde Pkwy, East Lansing, MI 48823-5373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing

      Class A Office Space Available

      Class A office building with suites available near US-127.
      139 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Professional Office Building Near MSU

      Office building near Michigan State University with fiber internet access.
      4572 S Hagadorn Rd, East Lansing, MI 48823
      View Details
    • New
      $419,900
      2,487 SF

      East Lansing Office Investment Opportunity

      Well-maintained office building with up to 12 individual spaces.
      3448 E Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Harrison Crossings Office Building

      Office building with visibility, ample parking, and convenient location.
      780 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      7,500 SF

      Medical/Office Space Near MSU

      Corner location near MSU and US 127 with free parking.
      221 W Lake Lansing Rd, East Lansing, MI 48823
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Building Near MSU

      Office building near Michigan State University with modern amenities.
      4572 S Hagadorn Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      East Lansing Office Building For Lease

      Two-story office building in prime East Lansing location.
      1504 E Grand River Ave, East Lansing, MI 48823
      View Details
    • Contact for pricing

      East Lansing Class A Office

      Highly visible office space near Michigan State University.
      1400 Abbot Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      East Lansing Office Building For Rent

      Two-story office building near MSU with ample parking.
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1216 Kendale Blvd
    East Lansing, MI 48823-2008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!