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Property profile & analytics
OFF-MARKET
Estimated value
$3,225,000
Office buildings
3737 Coolidge Rd East Lansing, MI 48823-8019
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2424183
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
21,453 SF
Lot
3.1 ac (135,167 SF)
Zoning code
B4
APN
19-20-50-35-100-105
UPID
US43-2424183
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
-
Michigan Certified Development Corporation (MCDC) Corporate Office
-
Granger Waste Services Waste Management Facility Hazardous Waste Disposal
-
Michigan Certified Development Corporation Economic Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$3.23M
Owner & transaction history
Granger Real Estate Holdings LLC · 4 yrs held
Granger Real Estate Holdings LLC
since 2022
3 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,540,000
6.5%
$3,265,000
7%
$3,035,000
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±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
$150 / 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
$125,412
Tax year 2018
Assessed value
$1,716,900
Assessed 2024
Previous assessed
$1,757,600
-2.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$270,400
Assessed improvement
$1,446,500
Land market value
$540,800
Improvement market value
$2,893,000
Total market value
$3,433,800
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
2006
Heating
YES
Stories
3
Total area
21,453 SF
Lot
3.1 ac (135,167 SF)
Zoning code
B4
APN
19-20-50-35-100-105
UPID
US43-2424183
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
2006
Heating
YES
Stories
3
Lot
3.1 ac
Current owner
From public records · entity-resolved
Granger Real Estate Holdings LLC
Entity
Mailing address
16980 WOOD RD, LANSING, MI 48906-1044
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
Granger Real Estate Holdings LLC
—
Deed
related
$2,040,000 · Fifth Third Bank NA
Jul 21, 2022
—
Granger Real Estate Holdings LLC
Mercantile Bank Of Michigan
Deed
—
Apr 24, 2006
—
Mercantile Bank Of Michigan
Chandler Office Park LLC
Warranty Deed
—
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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