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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Medical Office Space
250 Saginaw St East Lansing, MI 48823-2740
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1709379
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
17,085 SF
Lot
2.08 ac (90,735 SF)
Zoning code
B1
APN
33-20-02-07-304-039
UPID
US43-1709379
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
-
Shaheen Chiropractic Alternative Medicine Practice
-
Compass Orthopedics Medical Clinic
-
Compass Rehabilitation Center Alternative Medicine Practice Spa & Massage Center
-
Nicole Thelen Physician
-
Annette Richard Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.95M
Owner & transaction history
O&m Holdings LLC · 1 yrs held
O&m Holdings LLC
since 2025
6 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,060,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,105,000
Current use
RESTAURANT
$1,990,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,950,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,720,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$1,690,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$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 2019Property tax & assessments
Tax year 2019
Tax billed
$67,348
Tax year 2019
Assessed value
$1,011,400
Assessed 2023
Previous assessed
$969,200
+4.4% YoY
Effective rate
6.66%
On assessed value
Assessed land
$362,900
Assessed improvement
$648,500
Land market value
$725,800
Improvement market value
$1,297,000
Total market value
$2,022,800
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
2007
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
17,085 SF
Lot
2.08 ac (90,735 SF)
Zoning code
B1
APN
33-20-02-07-304-039
UPID
US43-1709379
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
$2.1M
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
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
2007
Heating
YES
Cooling
Yes
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
O&m Holdings LLC
Entity
Mailing address
1575 RAMBLEWOOD DR, EAST LANSING, MI 48823-6384
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$7,000,000
O&m Holdings LLC
250 Sprinecare LLC
Warranty Deed
$5,250,000 · First Financial Bank NA
Feb 16, 2007
—
250 Spinecare LLC
—
Trustees Deed
related
$5,484,000 · Citizens Federal Bank Fsb
May 19, 2005
—
250 Spinecare LLC
Fifth Third Bank
Grant Deed
related
$336,000 · Citizens Federal Bank Fsb
—
—
250 Spinecare LLC
—
Deed Of Trust
related
—
—
—
250 Spinecare LLC
—
Deed Of Trust
related
$5,807,063 · Pnc Bank
—
—
250 Spinecare LLC
—
Deed Of Trust
related
$6,375,000 · Capitol National 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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