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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
2770 Eaton Rpds Rd, Lansing, MI 48911-6300
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0107974
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
6,904 SF
Lot
2.44 ac (106,286 SF)
Zoning code
C-3
APN
33-25-05-07-252-008
UPID
US43-0107974
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
by Request
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$690k
Owner & transaction history
Mdc Coast 16 LLC · 5 yrs held
Mdc Coast 16 LLC
since 2020
7 recorded transactions
Zoning & alternative use
C-3 · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$600,000
+22.2%
Auto repair, garage
$590,000
+19.5%
Medical building
$585,000
+19.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$895,000
Alternative Use
Use
Estimation
RETAIL STORES
$495,000
Current use
RESTAURANT
$600,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$435,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$100 / 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
$45,945
Tax year 2022
Assessed value
$741,000
Assessed 2023
Previous assessed
$688,700
+7.6% YoY
Effective rate
6.20%
On assessed value
Assessed land
$182,000
Assessed improvement
$559,000
Land market value
$364,000
Improvement market value
$1,118,000
Total market value
$1,482,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Stories
1
Total area
6,904 SF
Lot
2.44 ac (106,286 SF)
Zoning code
C-3
APN
33-25-05-07-252-008
UPID
US43-0107974
Jurisdiction
INGHAM
Zoning & alternative use
C-3 · Lansing, MI
Zoning C-3 · permitted uses
C-3 · 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
RETAIL STORES Current
Est. value
$495,000
RESTAURANT
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$590,000
MEDICAL BUILDING
Est. value
$585,000
OFFICE BUILDING
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
INDUSTRIAL (GENERAL)
Est. value
$435,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2016
Heating
FORCED AIR
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Mdc Coast 16 LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
Mdc Coast 16 LLC
Bishop Rd LLC
Grant Deed
related
—
Nov 16, 2018
—
Bishop Road LLC
—
Grant Deed
related
$23,000,000 · Flagstar Bk
Apr 19, 2016
—
Bishop Road LLC
Marsh Investors LLC
Warranty Deed
$2,655,000 · Chemical Bank
Sep 28, 2007
$850,000
Marsh Investors LLC
2770 Eaton Rapids Road LLC
Trustees Deed
$8,057,700 · Comerica Bank
—
—
Marsh Investors LLC
—
Loan Modification
related
$11,565,877 · Comerica Bank
—
—
Marsh Investors LLC
—
Deed Of Trust
related
$55,645,881 · Comerica Bank
—
—
Bishop Road LLC
—
Loan Modification
related
$29,100,000 · Flagstar Bk
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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