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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Medical Office Space
2121 Abbot Rd, East Lansing, MI 48823-8535
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-1410006
Property summary
AI-generated overview
This exceptional 2,300 sq ft pediatric dental office space is available for lease in East Lansing, MI. Located at 2121 Abbot Rd, this single-story, 6,228 sq ft building boasts a bright, open lobby designed for children's comfort. The suite features six child-friendly chair spaces, perfect for a thriving practice. Built in 1948 and extensively renovated in 2016, the property is situated on a high-traffic road in Ingham County, ensuring excellent visibility and accessibility for patients. The B1 zoning allows for medical office use. The building includes 35 total parking spaces for staff and patients. This turnkey opportunity offers a seamless transition for a growing pediatric dental practice. The property is conveniently located in East Lansing, MI, zip code 48823. This is an ideal location to establish or expand a successful pediatric dental practice, benefiting from high visibility and a welcoming atmosphere. The space is ready for immediate occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
6,228 SF
Lot
0.97 ac (42,384 SF)
Zoning code
B1
APN
33-20-01-01-408-008
UPID
US43-1410006
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
-
Mashni Dentistry Dental Office
-
Daniel R Klein PLLC Dental Office
-
Ignacio Dental Studio Dental Office
-
James Mashni Dental Office
-
John Mashni Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$600k
Owner & transaction history
Mashmy Properties LLC · 13 yrs held
Mashmy Properties LLC
since 2013
2 recorded transactions
Zoning & alternative use
B1 · 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
$440,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$770,000
Current use
RESTAURANT
$725,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$96 / 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
$20,724
Tax year 2019
Assessed value
$322,400
Assessed 2023
Previous assessed
$308,400
+4.5% YoY
Effective rate
6.43%
On assessed value
Assessed land
$169,500
Assessed improvement
$152,900
Land market value
$339,000
Improvement market value
$305,800
Total market value
$644,800
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
1948
Heating
ZONE
Cooling
YES
Stories
1
Total area
6,228 SF
Lot
0.97 ac (42,384 SF)
Zoning code
B1
APN
33-20-01-01-408-008
UPID
US43-1410006
Jurisdiction
INGHAM
Zoning & alternative use
B1 · East Lansing, MI
Zoning B1 · permitted uses
B1 · 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
$770,000
RESTAURANT
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$625,000
OFFICE BUILDING
Est. value
$615,000
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
1948
Heating
ZONE
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Mashmy Properties LLC
Entity
Mailing address
2121 ABBOT RD, EAST LANSING, MI 48823-8535
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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 30, 2024
—
Mashmy Properties LLC
—
Deed
related
$200,000 · Pnc Bank NA
Jan 10, 2013
$565,000
Mashmy Properties LLC
2121 Abbott Associates
Warranty Deed
$452,000 · Pnc Bank
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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