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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Specialty properties
3276 Jolly Rd 20, Lansing, MI 48910-5898
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-1246920
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2004
Total area
5,288 SF
Lot
1.78 ac (77,711 SF)
Zoning code
C-2
APN
33-25-05-02-200-039
UPID
US43-1246920
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
-
Jolly Road Veterinary Hospital Veterinary Clinic
-
Happy Feet Pet Rescue Animal Shelter Pet Adoption Service
-
Landry’s Landing Pet Adoption Service Animal Shelter
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$515k
Owner & transaction history
3276 Jolly Rd LLC · 6 yrs held
3276 Jolly Rd LLC
since 2020
5 recorded transactions
Zoning & alternative use
C-2 · 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 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$645,000
Current use
AUTO REPAIR, GARAGE
$575,000
Change: -11% · Conversion: Difficult
RESTAURANT
$545,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$97 / 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
$24,339
Tax year 2022
Assessed value
$393,800
Assessed 2023
Previous assessed
$350,100
+12.5% YoY
Effective rate
6.18%
On assessed value
Assessed land
$126,300
Assessed improvement
$267,500
Land market value
$252,600
Improvement market value
$535,000
Total market value
$787,600
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2004
Heating
YES
Stories
1
Total area
5,288 SF
Lot
1.78 ac (77,711 SF)
Zoning code
C-2
APN
33-25-05-02-200-039
UPID
US43-1246920
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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RESTAURANT
Est. value
$545,000
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2004
Heating
YES
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
3276 Jolly Rd LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2000 TIMBERVIEW DR, OKEMOS, MI 48864-5998
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2020
—
3276 Jolly Rd LLC
Hamrick Hldg LLC
Warranty Deed
—
Sep 26, 2017
—
Hamrick Holdings LLC
Branch Bkng & Trust Co
Quit Claim Deed
related
—
Jun 14, 2017
$300,000
Branch Bk & Trust Co
Sheriff Of Ingham County|lansing Veterinary Medica
Trustees Deed
related
—
Mar 9, 2004
$250,000
Veterinary Urgent Care Lansing
Ducharme Donald R Trust
Warranty Deed
$595,000 · Branch Banking & Trust Co
—
—
Hamrick Holdings LLC
—
Deed Of Trust
related
$280,000 · Case Cu
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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