Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1690 Watertower Pl, Unit 3 East Lansing, MI 48823-8046

    • Office buildings
    • 1,511 SF
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    May 14, 2024
    $152,500
    Location Intelligence
    Property ID
    US43-1818490
    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

    • Regency Insurance Group / Insurance Agency
    • Hanes & Associates PLLC / Attorney
    • Vantage Disability Lawyers: Gruen Jr Jerry A / Attorney
    • Nationwide Insurance: Arthur J Gallagher Risk Mgmt S / Insurance Agency
    • Falcon Fundraising / Corporate Office

    Property Details for 1690 Watertower Pl

    Year built
    2008
    Property size
    1,511 SF
    Zone code
    B4
    Property type
    Office buildings
    APN
    33-20-01-02-226-203
    APU
    33200102226203

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $155,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $135,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $160,000
      Mixed-Use
      $180,000
      Hospitality
      $165,000
      Educational
      $170,000
      Residential Income
      $175,000
      Energy
      $150,000
      Income-Based Land
      $160,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.508
    Latitude
    42.767
    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
    2019
    $4,961
    $0.00
    $73,200
    $73,200
    -
    $0.00
    $146,400
    $146,400

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      16262 Chandler Rd

      OFFICE BUILDING • 4,800 SF
      16262 Chandler Rd, East Lansing, MI 48823-6119
      View Details
    • Value Estimation by Request
      24,872 SF

      1451 Lansing Dr Ste, Unit 214

      OFFICE BUILDING • 24,872 SF
      1451 Lansing Dr Ste, East Lansing, MI 48823-2993
      View Details
    • Value Estimation by Request
      24,872 SF

      1451 Lansing Dr Ste, Unit 215

      OFFICE BUILDING • 24,872 SF
      1451 Lansing Dr Ste, East Lansing, MI 48823-2993
      View Details
    • Value Estimation by Request
      3,120 SF

      3515 Coolidge Rd Ste, Unit 4

      OFFICE BUILDING • 3,120 SF
      3515 Coolidge Rd Ste, East Lansing, MI 48823-8014
      View Details
    • Value Estimation by Request
      2,429 SF

      2001 Abbot Rd

      OFFICE BUILDING • 2,429 SF
      2001 Abbot Rd, East Lansing, MI 48823-1407
      View Details
    • Value Estimation by Request
      20,000 SF

      2947 Eyde Pkwy

      OFFICE BUILDING • 20,000 SF
      2947 Eyde Pkwy, East Lansing, MI 48823-5373
      View Details

    Similar Nearby for Sale

    • $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
      16,720 SF

      Class A Office Space Available

      Class A office building with suites available near US-127.
      139 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $1,200,000
      11,112 SF

      Renovated Office Building on Okemos Road

      Well-maintained office building with modern workspace and prime location.
      4151 Okemos Rd, East Lansing, MI 48823
      View Details
    • $2,600,000

      East Lansing Office Building

      Office building for sale in East Lansing, Michigan.
      3505 Coolidge Rd, East Lansing, MI 48823
      View Details
    • $2,000,000
      18,607 SF

      Class A Office Space

      Prestigious office space with large windows, convenient location.
      2900 West Rd, East Lansing, MI 48823
      View Details
    • $2,100,000
      13,144 SF

      Lake Lansing Road Office Building

      Office building in Lake Lansing Road business corridor for sale.
      3497 Coolidge Rd, East Lansing, MI 48823
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      17,434 SF

      East Lansing Office Building For Lease

      Prime Office Space near MSU, ample parking.
      1504 Grand River Ave, East Lansing, MI 48823
      View Details
    • $20 SF/Yr
      5,000 SF

      East Lansing Medical Office Space

      5,000 SF Medical Office, High Visibility
      702 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $18 SF/Yr
      5,409 SF

      Coolidge Court Executive Suites

      Prime Ingham County Office Space
      2200 Coolidge Rd, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      7,500 SF

      East Lansing Executive Office Suites

      Class B Office Space Near MSU
      315 Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      2,222 SF

      Prime MSU Retail/Office Space

      Freestanding building, 2222 sq ft, ample parking
      933 Grand River Ave, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      8,800 SF

      Lake Lansing Road Office Space

      Prime Office Building, High Visibility
      300 Lake Lansing Rd, 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.
    1690 Watertower Pl, Unit 3
    East Lansing, MI 48823-8046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.