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Property profile & analytics
OFF-MARKET
Estimated value
$5,650,000
Assisted living facilities
2700 Burcham Dr, East Lansing, MI 48823-3898
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1610252
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Total area
215,335 SF
Lot
38.1 ac (1,659,636 SF)
Zoning code
RM08
APN
33-20-02-08-402-006
UPID
US43-1610252
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
-
StoneBriar at Burcham Hills Retirement Community
-
Sughanda Lowhim, MD Geriatric Care Provider
-
Burcham Hills Retirement Community Retirement Community
-
Burcham Hills Nursing Home Retirement Community
-
John Tegtmeier, DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.65M
Owner & transaction history
Burcham Hills Retirement Center II · 7 yrs held
Burcham Hills Retirement Center II
since 2018
2 recorded transactions
Zoning & alternative use
RM08 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / 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
Assessed value
$11,967,800
Assessed 2023
Previous assessed
$11,417,500
+4.8% YoY
Assessed land
$5,293,100
Assessed improvement
$6,674,700
Land market value
$10,586,200
Improvement market value
$13,349,400
Total market value
$23,935,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1974
Heating
YES
Buildings
4
Stories
5
Total area
215,335 SF
Lot
38.1 ac (1,659,636 SF)
Zoning code
RM08
APN
33-20-02-08-402-006
UPID
US43-1610252
Jurisdiction
INGHAM
Zoning & alternative use
RM08 · East Lansing, MI
Zoning RM08 · permitted uses
RM08 · 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.
Building & site characteristics
From public records
Year built
1974
Heating
YES
Stories
5
Buildings
4
Lot
38.1 ac
Current owner
From public records · entity-resolved
Burcham Hills Retirement Center II
Individual
Mailing address
2700 BURCHAM DR, EAST LANSING, MI 48823-3898
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Aug 16, 2018
—
Burcham Hills Retirement Center II
—
Deed
related
—
May 11, 2007
—
Burcham Hills Retirement Ctr I
—
Deed Of Trust
related
$15,545,000 · Econimic Dev Corp/charter Town
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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