Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5093 Brookfield Dr, Unit 10 East Lansing, MI 48823-4772
    Property profile & analytics

    5093 Brookfield Dr, Unit 10 East Lansing, MI 48823-4772

    View on Map
    • Medical Office Space
    • 1,626 SF
    • 0.45 lot acres
    Off-Market
    Last Sale May 21, 2025
    $235,000
    Property ID
    US43-0115930
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shotokan Karate / Sports School
    • Contigo Counseling Services / Crisis Center / Medical Clinic
    • Gavrilides Greg / Business Management Consultant

    Property Details for 5093 Brookfield Dr

    Year built
    1951
    Lot size
    0.45 lot acres
    Property size
    1,626 SF
    Zone code
    PO
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    33-02-02-17-378-018
    APU
    33020217378018

    Description

    This exceptional executive office suite, located at 5095 E. Brookfield Dr in East Lansing, Michigan, presents a fantastic opportunity for businesses seeking a prime location. The property is a Class C office duplex totaling 3,000 square feet, situated on a 0.45-acre lot. Currently, 813 square feet of office space is immediately available for lease, perfect for a single tenant or small business. The building features multiple suites, although only one is currently vacant. The address is conveniently located in Ingham County, offering easy access to Michigan State University and other key amenities in the desirable East Lansing area. The property's zip code is 48823. This is an ideal space for businesses seeking a professional and accessible location. The building's size and layout offer flexibility for various business needs. The ample lot size provides ample parking and potential for future expansion. This is a rare opportunity to secure a well-located office space in a thriving community. Don't miss out on this chance to establish your business in a prime East Lansing location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4569
    Latitude
    42.7288
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,407
    $41,900
    $64,000
    $105,900
    -
    $83,800
    $128,000
    $211,800

    Comparable in this City

    • Value Estimation by Request
      2,339 SF

      335 Lk Lansing Rd Ste, Unit 102

      MEDICAL BUILDING • 2,339 SF
      335 Lk Lansing Rd Ste, East Lansing, MI 48823-8486
      View Details
    • Value Estimation by Request
      2,636 SF

      1625 Ramblewood Dr Ste, Unit 1

      MEDICAL BUILDING • 2,636 SF
      1625 Ramblewood Dr Ste, East Lansing, MI 48823-6367
      View Details
    • Value Estimation by Request
      970 SF

      716 Abbot Rd, Unit 4

      MEDICAL BUILDING • 970 SF
      716 Abbot Rd, East Lansing, MI 48823-3101
      View Details
    • Value Estimation by Request
      4,507 SF

      909 Abbot Rd, Unit 9

      MEDICAL BUILDING • 4,507 SF
      909 Abbot Rd, East Lansing, MI 48823-3168
      View Details
    • Value Estimation
      $815,000
      7,704 SF

      2682 Grand Riv Ave

      MEDICAL BUILDING • 7,704 SF
      2682 Grand Riv Ave, East Lansing, MI 48823-5608
      View Details
    • Value Estimation by Request
      1,956 SF

      140 Lk Lansing Rd

      MEDICAL BUILDING • 1,956 SF
      140 Lk Lansing Rd, East Lansing, MI 48823-1434
      View Details

    Similar Nearby for Sale

    • $375,000
      2,890 SF

      Grand River Ave Medical Office

      East Lansing medical office building, $375,000
      415 Grand River Ave, East Lansing, MI 48823
      View Details
    • Contact for pricing
      6,915 SF

      East Lansing Office/Condo Space

      6,915 SF office/condo space in excellent condition.
      1550 Watertower Pl, East Lansing, MI 48823
      View Details
    • $714,900
      11,715 SF

      East Lansing Commercial Ranch Property

      Versatile East Lansing property suitable for various commercial or community uses.
      1635 Coolidge Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      7,500 SF

      Medical/Office Space Near MSU

      Corner location near MSU and US 127 with free parking.
      221 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      11,715 SF

      East Lansing Versatile Commercial Property

      Adaptable building suitable for diverse commercial or community uses.
      1635 Coolidge Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Medical Suite Near MSU

      Turn-key medical suite near MSU with free parking.
      2025 Abbot Rd, East Lansing, MI 48823
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Lansing Class A Office

      Highly visible office space near Michigan State University.
      1400 Abbot Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      East Lansing Office Space Available

      Office space for lease in East Lansing, Michigan.
      2911 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • Contact for pricing
      5,261 SF

      East Lansing Office Space Available

      Second floor office space with easy highway access.
      1595 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Sponsored
      Contact for pricing

      MI, East Lansing – Lake Lansing

      Discover many ways to work your way in MI, East Lansing – Lake Lansing
      1760 Abbey Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      MI, East Lansing - Grand River center

      Discover many ways to work your way in MI, East Lansing - Grand River center
      333 Grand River Ave, East Lansing, MI 48823
      View Details
    • $2,500 /Mo
      3,485 SF

      East Lansing Commercial Space Available

      Commercial space for rent in East Lansing, Michigan.
      549 E Grand River Ave, East Lansing, MI 48823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5093 Brookfield Dr, Unit 10
    East Lansing, MI 48823-4772
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5093 Brookfield Dr, East Lansing, MI, 48823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!