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Property profile & analytics
FOR SALE
Retail residential properties
16820 Chandler Rd, East Lansing, MI 48823
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-4230261
For Sale
1 / 7
$21,000,000
16820 Chandler Rd, East Lansing, MI 48823
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2018
Construction
CONCRETE
Total area
69,663 SF
Lot
3.98 ac (173,543 SF)
Zoning code
DEVELOPMEN
APN
010-135-000-002-02
UPID
US43-4230261
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
-
A Market 家家乐超市 (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Cabrio Properties E Lansing Property Management Company Apartment Complex
-
Moka and Co Cafe & Coffee Shop
-
Moka & Co Cafe & Coffee Shop
-
Amazon Counter - A Market Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.61M
Comparable Approach
Comparable
$7.56M
Blend (final)
Blend
$7.58M
Owner & transaction history
Chandler North LLC · 8 yrs held
Chandler North LLC
since 2017
1 recorded transaction
Zoning & alternative use
DEVELOPMEN · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+15.4%
Auto repair, garage
$7.1M
+3.2%
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%
$8,240,000
6.5%
$7,605,000
7%
$7,060,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,860,000
Current use
RESTAURANT
$7,920,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,080,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$6,480,000
Change: -6% · Conversion: Easy
MEDICAL BUILDING
$6,155,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$5,840,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$7.58M
Range $6.82M – $8.34M · ±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
$109 / 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
$185,202
Tax year 2020
Assessed value
$3,836,600
Assessed 2024
Previous assessed
$3,750,600
+2.3% YoY
Effective rate
4.83%
On assessed value
Assessed land
$607,400
Assessed improvement
$3,229,200
Land market value
$1,214,800
Improvement market value
$6,458,400
Total market value
$7,673,200
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
2018
Construction
CONCRETE
Heating
ZONE
Stories
3
Bathrooms
3
Total area
69,663 SF
Lot
3.98 ac (173,543 SF)
Zoning code
DEVELOPMEN
APN
010-135-000-002-02
UPID
US43-4230261
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
RESTAURANT
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
ZONE
Stories
3
Bathrooms
3
Lot
3.98 ac
Current owner
From public records · entity-resolved
Chandler North LLC
Entity
Mailing address
PO BOX 37296, CHARLOTTE, NC 28237-7296
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2017
—
Chandler North LLC
The Crossings At Chandler LLC
Quit Claim Deed
related
$656,000 · Michigan State University FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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