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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Office buildings
1755 Abbey Rd 3, East Lansing, MI 48823-7399
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0991858
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
21,252 SF
Lot
2.5 ac (108,900 SF)
Zoning code
B4
APN
33-20-01-02-251-103
UPID
US43-0991858
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
-
RE/MAX Real Estate Professionals Real Estate Agency
-
RE/MAX Commercial Group Real Estate Agency
-
Associate Broker Betty Fedewa Bedard - RE/MAX Real Estate Professionals Real Estate Agency
-
Gary Newton - 48823 REALTOR® Real Estate Agency
-
Scott Wheaton, Assoc. Real Estate Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$2.42M
Owner & transaction history
1755 Abbey LLC · 3 yrs held
1755 Abbey LLC
since 2023
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
B4 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+24.5%
Restaurant
$2.5M
+17.8%
Commercial (general)
$2.4M
+15.4%
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
$2,475,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
$3,185,000
6.5%
$2,940,000
7%
$2,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,105,000
Current use
MEDICAL BUILDING
$2,620,000
Change: +24% · Conversion: Easy
RESTAURANT
$2,480,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,430,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,140,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±10% · vs last sale $1.75M (Jan 24 2023)
Last sale anchor
$1.75M
Jan 24 2023
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
$114 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$91,999
Tax year 2022
Assessed value
$1,290,800
Assessed 2023
Previous assessed
$1,239,400
+4.1% YoY
Effective rate
7.13%
On assessed value
Assessed land
$435,600
Assessed improvement
$855,200
Land market value
$871,200
Improvement market value
$1,710,400
Total market value
$2,581,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
21,252 SF
Lot
2.5 ac (108,900 SF)
Zoning code
B4
APN
33-20-01-02-251-103
UPID
US43-0991858
Jurisdiction
INGHAM
Zoning & alternative use
B4 · East Lansing, MI
Zoning B4 · permitted uses
B4 · 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
OFFICE BUILDING Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Heating
YES
Cooling
Yes
Stories
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
1755 Abbey LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2419 SCIENCE PKWY, OKEMOS, MI 48864-2562
Ownership since
2023
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
Jan 24, 2023
—
1755 Abbey LLC
Michael D Williams
Quit Claim Deed
related
—
Dec 21, 2022
$1,750,000
Michael D Williams
American Cancer Society Great Lakes
Warranty Deed
—
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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