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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Specialty properties
2631 Eaton Rpds Rd, Lansing, MI 48911-6310
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0211632
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1971
Total area
12,247 SF
Lot
5.19 ac (226,076 SF)
Zoning code
C-2
APN
33-25-05-07-301-022
UPID
US43-0211632
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$461k
Blend (final)
Blend
$745k
Owner & transaction history
2631 Er Road LLC · 4 yrs held
2631 Er Road LLC
since 2021
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
C-2 · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+62.0%
Auto repair, garage
$1.0M
+35.5%
Commercial (general)
$830,000
+12.9%
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 Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$745,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$735,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Oct 19 2021)
Last sale anchor
$750k
Oct 19 2021
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
$61 / 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
$20,100
Tax year 2022
Assessed value
$445,200
Assessed 2023
Previous assessed
$380,200
+17.1% YoY
Effective rate
4.51%
On assessed value
Assessed land
$98,400
Assessed improvement
$346,800
Land market value
$196,800
Improvement market value
$693,600
Total market value
$890,400
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1971
Heating
YES
Buildings
2
Stories
1
Total area
12,247 SF
Lot
5.19 ac (226,076 SF)
Zoning code
C-2
APN
33-25-05-07-301-022
UPID
US43-0211632
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Lansing, MI
Zoning C-2 · permitted uses
C-2 · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$735,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$830,000
RETAIL STORES
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Heating
YES
Stories
1
Buildings
2
Lot
5.19 ac
Current owner
From public records · entity-resolved
2631 Er Road LLC
Entity
Mailing address
200 WOODLAND PASS STE F, EAST LANSING, MI 48823-2000
Ownership since
2021
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
Oct 19, 2021
$750,000
2631 Er Road LLC
Er Road Properties LLC
Warranty Deed
$1,744,000 · Michigan State University FCU
Aug 26, 2013
—
Er Road Properties LLC
Swat Environmental INC
Quit Claim Deed
related
—
Sep 12, 2011
$225,000
Air Quality Control Agency INC
Dart Bank
Other
$180,000 · Jpmorgan Chase Bank NA
Jun 30, 2009
$222,832
Dart Bk
Sheriff Of Ingham County
Trustees Deed
related
—
—
—
Loyal Order Of Moose Lansing Lodg
—
Deed Of Trust
related
$209,000 · Dart 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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