Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16820 Chandler Rd East Lansing, MI 48823

    • Retail residential properties
    • 69,663 SF
    • 3.98 lot acres
    For Sale
    View listing
    $21,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4230261
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 16820 Chandler Rd

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    3.98 lot acres
    Property size
    69,663 SF
    Zone code
    DEVELOPMEN
    Property type
    Retail residential properties
    APN
    010-135-000-002-02
    APU
    1013500000202

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,240,000
      6.5%
      $7,605,000
      7%
      $7,060,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,555,000
      Market price range: $2.08M - $11.9M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Clinton
    State
    Michigan
    Longitude
    -84.4844
    Latitude
    42.7723
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $185,202
    $607,400
    $3,229,200
    $3,836,600
    -
    $1,214,800
    $6,458,400
    $7,673,200

    Comparable in this City

    • Value Estimation
      $1,675,000
      15,768 SF

      125 Grand Riv Ave

      STORES & APARTMENTS • 15,768 SF
      125 Grand Riv Ave, East Lansing, MI 48823-4322
      View Details
    • Value Estimation
      $2,150,000
      17,280 SF

      639 Grand Riv Ave6-7

      STORES & APARTMENTS • 17,280 SF
      639 Grand Riv Ave6-7, East Lansing, MI 48823-4405
      View Details
    • Value Estimation
      $2,735,000
      14,960 SF

      300 Grand Riv Ave

      STORES & APARTMENTS • 14,960 SF
      300 Grand Riv Ave, East Lansing, MI 48823-4240
      View Details
    • Value Estimation
      $1,630,000
      16,242 SF

      311 Grand Riv Ave, Unit 8

      STORES & APARTMENTS • 16,242 SF
      311 Grand Riv Ave, East Lansing, MI 48823-4213
      View Details
    • Value Estimation
      $2,790,000
      21,900 SF

      218 Abbot Rd, Unit 2

      STORES & APARTMENTS • 21,900 SF
      218 Abbot Rd, East Lansing, MI 48823-4340
      View Details
    • Value Estimation
      $6,490,000
      35,523 SF

      5000 Northwind Dr

      STORES & APARTMENTS • 35,523 SF
      5000 Northwind Dr, East Lansing, MI 48823-5044
      View Details

    Similar Nearby for Sale

    • $2,300,000
      19.70 Acres

      Coleman Corners Parcel C: Prime East Lansing Land

      19.7 Acres, Mixed-Use Potential, $2.3M
      0 Coolidge & Coleman Rds, East Lansing, MI 48823
      View Details
    • $495,000
      17.48 Acres

      East Lansing Residential Land Development

      17.48 Acres, High-Density Zoning, Prime Location
      0 Coleman Rd, East Lansing, MI 48823
      View Details
    • $110,000
      958 SF

      East Lansing Office Condo For Sale

      Office condo for sale near highway and MSU campus.
      1451 East Lansing Dr, East Lansing, MI 48823
      View Details
    • $349,000
      2,004 SF

      Renovated East Lansing Office Building

      Recently renovated office building in East Lansing, ideal for investors.
      1125 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      10,533 SF

      Asher Court Office Park Offices

      Office suites available in Asher Court Office Park near MSU.
      231 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $235,000
      1.00 Acre

      East Lansing Acreage Build Site

      One-acre custom build site in Whitehills Woods, East Lansing.
      6445 Pne Holw Ln, East Lansing, MI 48823
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      22,080 SF

      East Lansing Office Space Available

      Prime Office Building, Ample Parking
      2859 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      10,533 SF

      Prime East Lansing Executive Office Space

      1,900 SF Available in Asher Court
      231 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      10,000 SF

      East Lansing Office Space - 840 SF Available

      Prime East Lansing office, ample parking, near MSU.
      790 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $20 SF/Yr
      16,000 SF

      Grand River Ave Retail Space

      East Lansing retail, restaurant opportunity.
      311 Grand River Ave, East Lansing, MI 48823
      View Details
    • $10 SF/Yr
      10,670 SF

      Grand River Ave Office Space

      Downtown East Lansing Office - 2,000 SF Available
      507 Grand River Ave, East Lansing, MI 48823
      View Details
    • $21 SF/Yr
      8,645 SF

      East Lansing Class A Office Space

      Premium Office Suites, Downtown Location
      333 Albert Ave, East Lansing, MI 48823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16820 Chandler Rd
    East Lansing, MI 48823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.