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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Warehouses
16800 Chandler Rd East Lansing, MI 48823-8660
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4316219
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
84,824 SF
Lot
5.19 ac (225,989 SF)
Zoning code
DEVELOPMEN
APN
010-135-000-003-02
UPID
US43-4316219
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
-
Storage Sense - East Lansing Storage Facility
-
Subway Take-out & Catering
-
Branoff Asset Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$2.69M
Owner & transaction history
Noca Storage LLC · 7 yrs held
Noca Storage LLC
since 2019
6 recorded transactions
Zoning & alternative use
DEVELOPMEN · East 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 East Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$2.69M
Range $2.42M – $2.96M · ±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
$32 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$66,581
Tax year 2020
Assessed value
$1,985,400
Assessed 2024
Previous assessed
$2,245,600
-11.6% YoY
Effective rate
3.35%
On assessed value
Assessed land
$790,900
Assessed improvement
$1,194,500
Land market value
$1,581,800
Improvement market value
$2,389,000
Total market value
$3,970,800
Applied tax rate
10.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
ZONE
Stories
2
Total area
84,824 SF
Lot
5.19 ac (225,989 SF)
Zoning code
DEVELOPMEN
APN
010-135-000-003-02
UPID
US43-4316219
Jurisdiction
CLINTON
Zoning & alternative use
DEVELOPMEN · East Lansing, MI
Zoning DEVELOPMEN · permitted uses
DEVELOPMEN · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
ZONE
Stories
2
Lot
5.19 ac
Current owner
From public records · entity-resolved
Noca Storage LLC
Entity
Mailing address
PO BOX 37296, CHARLOTTE, NC 28237-7296
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Noca Storage LLC
—
Deed
related
$7,750,000 · The State Bank
Jun 10, 2019
—
Noca Storage LLC
Chandler Lofts LLC
Deed
$7,100,000 · Chemical Bank
Nov 8, 2018
—
Chandler Lofts LLC
—
Deed
related
$2,490,000 · Chemical Bank
Oct 10, 2017
—
Chandler Lofts LLC
The Crossings At Chandler LLC
Quit Claim Deed
related
$2,672,000 · Michigan State University FCU
Oct 9, 2013
—
The Crossing At Chandler LLC
Branoff Capital LLC
Warranty Deed
$4,160,000 · The Bank
Apr 10, 2009
$4,100,000
Republic Bank
Cc Retail LLC
Sheriffs 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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