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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
3515 Coolidge Rd, East Lansing, MI 48823-8014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-3004947
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
14,400 SF
Lot
52517 ac (2,287,640,520 SF)
Zoning code
B400
APN
19-20-50-35-401-008
UPID
US43-3004947
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
-
Total Vein Care Clinic Medical Clinic Hospital
-
MMP family practice Medical Clinic
-
Dr. Oktai Mamedov, MD Physician
-
Gregory H. Landis, D. O. Physician Hospital
-
Comprehensive Sleep Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.32M
Owner & transaction history
Zema Properties LLC · 2 yrs held
Zema Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
B400 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$91 / 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
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
ZONE
Stories
2
Total area
14,400 SF
Lot
52517 ac (2,287,640,520 SF)
Zoning code
B400
APN
19-20-50-35-401-008
UPID
US43-3004947
Jurisdiction
CLINTON
Zoning & alternative use
B400 · East Lansing, MI
Zoning B400 · permitted uses
B400 · 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
ZONE
Stories
2
Lot
52517 ac
Current owner
From public records · entity-resolved
Zema Properties LLC
Entity
Mailing address
1905 DANBURY E, OKEMOS, MI 48864-1872
Ownership since
2024
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
Oct 22, 2024
—
Elosa Professional Associates LLC
—
Deed
related
$1,014,070 · The Huntington National Bank
Mar 29, 2024
—
Zema Properties LLC
A Sunny Day LLC
Warranty Deed
$240,000 · First National Bank Of America
Mar 15, 2024
$500,000
Elosa Professional Associates LLC
G & D Landis Properties LLC
Warranty Deed
—
Oct 15, 2021
—
Zema Properties LLC
Oktai Mamedov
Warranty Deed
—
Nov 6, 2020
$490,000
Zema Properties LLC
Northwoods LLC
Warranty Deed
$364,000 · Michigan State University FCU
May 10, 2007
—
Northwoods LLC
A Sunny Day LLC
Warranty Deed
$884,539 · National City Bank
Mar 9, 2007
—
G & D Landis Properties LLC
A Sunny Day LLC
Warranty Deed
$624,000 · Fifth Third 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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