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Property profile & analytics
FOR SALE
Office buildings
3448 E Lake Lansing Rd East Lansing, MI 48823
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US43-0020289
For Sale
1 / 49
$420,000
3448 E Lake Lansing Rd, East Lansing, MI 48823
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Property summary
AI-generated overview
This exceptional Class A, 3,000 square foot executive office condo in East Lansing, Michigan is available for ownership. Located at 3448 E Lake Lansing Rd, 48823, this single-unit building boasts a desirable cottage style within the Gaslight Village development. Built in 2005, the two-story structure sits on a 0.02-acre lot and features 50 parking spaces. The property is zoned B4 and offers a serene setting backing onto a wildlife area. The interior is thoughtfully designed, including a reception area with billing office, multiple offices spread across both floors, and a full-sized elevator for convenient access. A lower-level break room and kitchenette provide staff amenities. The asking price is $425,000 ($141.67/sq ft), with an occupancy date of September 1, 2024. This low-maintenance property offers a unique blend of charm and practicality, making it an excellent owner-user investment opportunity in a highly sought-after East Lansing location. The APN is 20-02-06-301-103. This free-standing condo offers convenient parking and a natural, peaceful environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
1,658 SF
Zoning code
B4
APN
33-20-02-06-301-103
UPID
US43-0020289
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
-
Hosmer Margaret Physician Medical Clinic
-
Carol L. Hatcher, PHD Physician Medical Clinic
-
Hatcher & Associates Psychological Physician Medical Clinic
-
Nancy LG Bernthal LP Physician Medical Clinic
-
Karim Francine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Isis Imagines LLC · 19 yrs held
Isis Imagines LLC
since 2006
2 recorded transactions
Zoning & alternative use
B4 · 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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$169 / 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
$4,359
Tax year 2019
Assessed value
$76,900
Assessed 2023
Previous assessed
$73,700
+4.3% YoY
Effective rate
5.67%
On assessed value
Assessed improvement
$76,900
Improvement market value
$153,800
Total market value
$153,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2005
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
1
Total area
1,658 SF
Zoning code
B4
APN
33-20-02-06-301-103
UPID
US43-0020289
Jurisdiction
INGHAM
Zoning & alternative use
B4 · East Lansing, MIZoning B4 · permitted uses
B4 · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Current owner
From public records · entity-resolved
Isis Imagines LLC
Entity
Mailing address
3448 E LK LANSING RD, EAST LANSING, MI 48823-1511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
May 4, 2018
—
My Granddaughters Dream LLC
—
Deed
related
$157,500 · Eaton Fsb
Oct 23, 2006
$337,000
Isis Imagines LLC
Lake Lansing Road Development Co Ll
Warranty Deed
$270,300 · Jpmorgan Chase Bank NA
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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