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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Medical Office Space
2001 Coolidge Rd, East Lansing, MI 48823-1378
Entity Owned
Free & Clear
Property ID
US43-1714461
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
34,396 SF
Lot
9.35 ac (407,286 SF)
Zoning code
B4
APN
33-20-01-02-476-005
UPID
US43-1714461
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
-
L.O. Eye Care East Lansing Ophthalmology Clinic Optometrist
-
Lansing Ophthalmology, Coolidge Road, East Lansing, MI Medical Clinic Ophthalmologist
-
Dr. John S. Dunn, MD Physician
-
Lansing Ophthalmology: Moore Thomas MD Ophthalmologist
-
Thomas Moore Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.27M
Owner & transaction history
Lo Ventures LLC
Lo Ventures LLC
since 2025
5 recorded transactions
Zoning & alternative use
B4 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,835,000
6.5%
$4,465,000
7%
$4,145,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,240,000
Current use
RESTAURANT
$4,010,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,930,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,460,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$3,405,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±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
$124 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$157,952
Tax year 2019
Assessed value
$2,315,700
Assessed 2023
Previous assessed
$2,213,900
+4.6% YoY
Effective rate
6.82%
On assessed value
Assessed land
$1,629,100
Assessed improvement
$686,600
Land market value
$3,258,200
Improvement market value
$1,373,200
Total market value
$4,631,400
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
1992
Heating
HEAT PUMP
Stories
2
Total area
34,396 SF
Lot
9.35 ac (407,286 SF)
Zoning code
B4
APN
33-20-01-02-476-005
UPID
US43-1714461
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
MEDICAL BUILDING Current
Est. value
$4.2M
RESTAURANT
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1992
Heating
HEAT PUMP
Stories
2
Lot
9.35 ac
Current owner
From public records · entity-resolved
Lo Ventures LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2001 COOLIDGE RD, EAST LANSING, MI 48823-1378
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Lo Ventures LLC
—
Deed
related
—
Feb 21, 2017
—
L O Ventures LLC
—
Deed
related
—
Jul 22, 2008
—
L O Ventures LLC
—
Trustees Deed
related
$600,000 · Capitol National Bank
—
—
L O Ventures LLC
—
Deed Of Trust
related
$2,233,000 · Capitol National Bank
—
—
L O Ventures LLC
—
Loan Modification
related
—
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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