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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Medical Office Space
16945 Marsh Rd, Haslett, MI 48840-8948
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-2873492
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
10,528 SF
Lot
1.64 ac (71,395 SF)
Zoning code
DEVELOPMEN
APN
010-276-034-002-00
UPID
US43-2873492
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
-
CHERYL ANN ELFRING Pediatrician Physician
-
Lansing Urgent Care - Bath/Haslett Hospital
-
Skin Boss Med Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$1.05M
Owner & transaction history
Tcc Property Management LLC · 11 yrs held
Tcc Property Management LLC
since 2014
2 recorded transactions
Zoning & alternative use
DEVELOPMEN · Haslett, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+51.1%
Auto repair, garage
$1.1M
+16.4%
Retail stores
$1.0M
+9.8%
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 Haslett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haslett 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$920,000
Current use
OFFICE BUILDING
$1,390,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,070,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +10% · Conversion: Difficult
RESTAURANT
$930,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$99 / 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
$36,184
Tax year 2020
Assessed value
$837,900
Assessed 2024
Previous assessed
$931,000
-10.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$142,800
Assessed improvement
$695,100
Land market value
$285,600
Improvement market value
$1,390,200
Total market value
$1,675,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Heating
YES
Stories
1
Total area
10,528 SF
Lot
1.64 ac (71,395 SF)
Zoning code
DEVELOPMEN
APN
010-276-034-002-00
UPID
US43-2873492
Jurisdiction
CLINTON
Zoning & alternative use
DEVELOPMEN · Haslett, MI
Zoning DEVELOPMEN · permitted uses
DEVELOPMEN · Haslett, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haslett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$920,000
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$850,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
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
2015
Heating
YES
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Tcc Property Management LLC
Entity
Mailing address
505 N CLIPPERT ST, LANSING, MI 48912-4701
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Tcc Property Management LLC
—
Deed
related
$501,500 · Horizon Bank
Jul 30, 2014
$375,000
Tcc Property Management LLC
Hdi Development Company
Warranty Deed
$300,000 · Horizon Bank NA
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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