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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Hotels
3615 Dunckel Rd Lansing, MI 48910-5821
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-1704813
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1976
Total area
25,216 SF
Lot
1.73 ac (75,446 SF)
Zoning code
F COMM
APN
33-01-01-36-351-002
UPID
US43-1704813
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
-
Red Roof Inn Lansing East MSU Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$845k
Owner & transaction history
Lansing East Lodging LLC · 11 yrs held
Lansing East Lodging LLC
since 2014
7 recorded transactions
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$1.2M
+22.0%
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$34 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$53,168
Tax year 2020
Assessed value
$1,001,200
Assessed 2023
Previous assessed
$797,500
+25.5% YoY
Effective rate
5.31%
On assessed value
Assessed land
$218,000
Assessed improvement
$783,200
Land market value
$436,000
Improvement market value
$1,566,400
Total market value
$2,002,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1976
Heating
HEAT PUMP
Stories
2
Total area
25,216 SF
Lot
1.73 ac (75,446 SF)
Zoning code
F COMM
APN
33-01-01-36-351-002
UPID
US43-1704813
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MIZoning F COMM · permitted uses
F COMM · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Heating
HEAT PUMP
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Lansing East Lodging LLC
Entity
Mailing address
3615 DUNCKEL RD, LANSING, MI 48910-5821
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Lansing East Lodging LLC
—
Deed
related
$2,940,000 · Eaton Community Bank
Jun 1, 2017
—
Lansing East Lodging LLC
—
Deed
related
$3,300,000 · 4 Front Cu
Dec 29, 2014
—
Lansing East Lodging LLC
Fmw Rri I LLC
Grant Deed
$2,416,300 · Bank Of Mi
Sep 22, 2011
—
Fmw Rri I LLC
R-roof Vi LLC
Grant Deed
$275,000,000 · Fortress Credit Corp
Oct 3, 2007
—
R Roof Vi LLC
Red Roof Inns INC
Deed
$160,000,000 · Bear Stearns Commercial Mortgage In
—
—
Lansing East Lodging LLC
—
Deed Of Trust
related
$2,416,300 · Bank Of Mi
—
—
Fmw Rri I LLC
—
Loan Modification
related
$285,000,000 · Fortress Credit Corp
—
—
Lansing East Lodging LLC
—
Deed Of Trust
related
$3,300,000 · 4 Front 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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