Entity Owned Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
4,050 SF
Lot
8.2 ac (357,192 SF)
Zoning code
OIP
APN
19-20-10-31-300-020
UPID
US43-2306384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
since 2021
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
OIP · East Lansing, MI
Zoning description
The purpose of this district is to permit a specialized range of uses which will strengthen the local economy by expanding job opportunities and diversifying the city's tax base in a manner which is consistent with the o…
General category
INDUSTRIAL
Top alternative use upside
Auto repair, garage
$410,000
+3.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$515k
Value range
$464k – $567k
±10% around blend
Estimated value / SF
$127 / SF
Confidence
Low
3 county-verified comps
Property data
88
Comparable evidence
30
$464k
blend $515k
$567k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,050 SF
Lot area
8.2 ac
Stories
1
APN
19-20-10-31-300-020
Zoning
OIP
Assessed value
$115,000
Annual tax
$6,651
3
Income approach: direct capitalization
Partial preview
Income approach indication
$440k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$480k
@ 6.5% CAP return
$440k
@ 7% CAP return
$410k
4
Sales comparison
Partial preview
Sales approach indication
$856k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 2,976 SF
23.2 mi away · 2,866 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$515k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+3%
vs current-use indication
Commercial (general) · current use
Retail Stores
Medical Building
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.40%
Implied, in-place cap rate for this commercial land
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.40%
9.0%
NOI (est.)
$35k *
Last sale · Mar 2021
$500k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$648k
Move the market yield to see immediate price impact.
Value / SF
$160
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.90%5.40%5.90%
$32k
$643k
$583k
$534k
$35k
$714k
$648k
$593k
$39k
$786k
$713k
$653k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$650k
6.5 mi · Dec 2025 · $218/SF
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$6,651
Tax year 2018
Assessed value
$115,000
Assessed 2024
Previous assessed
$108,200
+6.3% YoY
Effective rate
5.78%
On assessed value
Assessed land
$115,000
Land market value
$230,000
Total market value
$230,000
Applied tax rate
19.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
SPACE
Stories
1
Total area
4,050 SF
Lot
8.2 ac (357,192 SF)
Zoning code
OIP
APN
19-20-10-31-300-020
UPID
US43-2306384
Jurisdiction
CLINTON
Zoning & alternative use
OIP · East Lansing, MIZoning OIP · permitted uses
OIP · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this district is to permit a specialized range of uses which will strengthen the local economy by expanding job opportunities and diversifying the city's tax base in a manner which is consistent with the o…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
SPACE
Stories
1
Lot
8.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
OIP
INDUSTRIAL
Jurisdiction
East Lansing, MI
Recorded code
OIP
Official district
OIP
Official district profile
What the municipal code says about OIP
Zoning description
The purpose of this district is to permit a specialized range of uses which will strengthen the local economy by expanding job opportunities and diversifying the city's tax base in a manner which is consistent with the o…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OIP in East Lansing, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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