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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Strip malls
1630 Haslett Rd Haslett, MI 48840-8466
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-5265549
Property summary
AI-generated overview
This exceptional Class A office space, located at 1630, 1640 & 1660 Haslett Road in Meridian Charter Township, Michigan, 48840, offers a prime opportunity for businesses seeking executive office suites. The Haslett Commerce Center boasts a total of 12,000 square feet, with multiple tenancy options available. Two spaces are currently available, ranging from 1,060 to 1,275 contiguous square feet, totaling 2,335 square feet of vacant space. The minimum divisible space is 1,060 square feet, providing flexibility for various business needs. On-site parking is provided for the convenience of tenants and their clients. The property is situated in Ingham County and offers a highly desirable location. The lease rate is $15 per square foot, plus utilities. This is an excellent opportunity to establish a presence in a thriving business community within a well-maintained, modern building. The property's executive office subtype ensures a professional and sophisticated environment. Contact us today to schedule a viewing and explore the possibilities of making this exceptional space your new business home.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
5,804 SF
Lot
1.2 ac (52,359 SF)
Zoning code
C-2
APN
33-02-02-10-403-005
UPID
US43-5265549
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
-
China Express Restaurant
-
Subway Take-out & Catering
-
Premier Rehabilitation - Haslett Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
701 Partners LLC · 4 yrs held
701 Partners LLC
since 2021
Last sale
$2.3M
3 recorded transactions
Zoning & alternative use
C-2 · Haslett, 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 Haslett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haslett 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
$2,990,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.30M (Oct 6 2021)
Last sale anchor
$2.30M
Oct 6 2021
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
$389 / 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
$16,848
Tax year 2019
Assessed value
$274,300
Assessed 2023
Previous assessed
$253,400
+8.2% YoY
Effective rate
6.14%
On assessed value
Assessed land
$105,700
Assessed improvement
$168,600
Land market value
$211,400
Improvement market value
$337,200
Total market value
$548,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Heating
YES
Stories
1
Total area
5,804 SF
Lot
1.2 ac (52,359 SF)
Zoning code
C-2
APN
33-02-02-10-403-005
UPID
US43-5265549
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Haslett, MIZoning C-2 · permitted uses
C-2 · Haslett, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Heating
YES
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
701 Partners LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2611 LITTLE HICKORY DR, LANSING, MI 48911-8438
Ownership since
2021
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
Oct 6, 2021
$2,300,000
701 Partners LLC
Haslett Commerce Center LLC
Warranty Deed
—
Jan 20, 2004
$2,400,000
Haslett Commerce Center LLC
Real Estate Dev Service INC
Grant Deed
related
$2,240,000 · Republic Bank
—
—
Haslett Commerce Center LLC
—
Deed Of Trust
related
$2,240,000 · Summit Community Bank NA
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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