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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Medical Office Space
1540 Lk Lansing Rd, Lansing, MI 48912-3756
Individually Owned
11-yr Hold
Free & Clear
Property ID
US43-1821132
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
71,826 SF
Lot
1.29 ac (56,192 SF)
Zoning code
PD
APN
33-21-01-03-451-009
UPID
US43-1821132
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
-
Abdullah Ashraf MD Physician
-
Hale Roberta T PhD Physician Medical Clinic
-
Camala A. Riessinger, PHD Physician Medical Clinic
-
Tabassum Faruqi, MD Physician
-
McLaren Greater Lansing - Mid-Michigan Physicians Internal Medicine Associates Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.68M
Owner & transaction history
Ingham Regional Medical Center · 11 yrs held
Ingham Regional Medical Center
since 2015
3 recorded transactions
Zoning & alternative use
PD · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$23 / 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
Tax billed
$67,173
Tax year 2022
Assessed value
$792,300
Assessed 2023
Previous assessed
$742,700
+6.7% YoY
Effective rate
8.48%
On assessed value
Assessed land
$7,200
Assessed improvement
$785,100
Land market value
$14,400
Improvement market value
$1,570,200
Total market value
$1,584,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
ZONE
Buildings
2
Stories
2
Total area
71,826 SF
Lot
1.29 ac (56,192 SF)
Zoning code
PD
APN
33-21-01-03-451-009
UPID
US43-1821132
Jurisdiction
INGHAM
Zoning & alternative use
PD · Lansing, MI
Zoning PD · permitted uses
PD · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
ZONE
Stories
2
Buildings
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Ingham Regional Medical Center
Individual
Free & Clear · 11 yrs held
Mailing address
1540 LK LANSING RD, LANSING, MI 48912-3756
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2015
—
Ingham Regional Medical Center
Mclaren Health Care Corp
Quit Claim Deed
related
—
Jan 7, 2015
—
Mclaren Health Care Corp
M Properties LLC
Grant Deed
—
Sep 30, 2004
—
M Properties LLC
—
Deed Of Trust
related
$12,410,000 · Fifth Third 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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