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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
3511 Coolidge Rd, East Lansing, MI 48823-6390
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2388602
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
2,768 SF
Lot
1.27 ac (55,321 SF)
Zoning code
B4
APN
19-20-50-35-401-009
UPID
US43-2388602
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
-
Pediatric Dentistry of East Lansing Dental Office
-
Louis K Nigg JD Plc Law Firm
-
Nigg & Augustin, PLC Law Firm
-
Dr. Jacob Myers Dental Office
-
Abraham & Gaffney PC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Etb Real Estate LLC · 3 yrs held
Etb Real Estate LLC
since 2022
Last sale
$1.2M
4 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
$1,280,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.23M (Jul 19 2022)
Last sale anchor
$1.23M
Jul 19 2022
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
$452 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$37,253
Tax year 2018
Assessed value
$622,900
Assessed 2024
Previous assessed
$542,400
+14.8% YoY
Effective rate
5.98%
On assessed value
Assessed land
$110,900
Assessed improvement
$512,000
Land market value
$221,800
Improvement market value
$1,024,000
Total market value
$1,245,800
Applied tax rate
19.0000
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
Off-Market
Year built
2005
Heating
YES
Buildings
2
Stories
1
Total area
2,768 SF
Lot
1.27 ac (55,321 SF)
Zoning code
B4
APN
19-20-50-35-401-009
UPID
US43-2388602
Jurisdiction
CLINTON
Zoning & alternative use
B4 · East Lansing, MI
Zoning 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
East Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
YES
Stories
1
Buildings
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Etb Real Estate LLC
Entity
Mailing address
3511 COOLIDGE RD, EAST LANSING, MI 48823-6390
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
—
Etb Real Estate LLC
—
Deed
related
$165,000 · Pnc Bank NA
Jul 19, 2022
$1,225,000
Etb Real Estate LLC
3511 Coolidge Road LLC
Warranty Deed
$980,000 · Pnc Bank NA
Jul 19, 2022
—
Pnc Bank National Association
Etb Real Estate LLC
Assignment Of Lease (leasehold Sale)
related
—
Nov 29, 2021
—
3511 Coolidge Road LLC
—
Deed
related
$553,000 · Commercial 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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