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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Specialty properties
6213 Towar Gdn Cir East Lansing, MI 48823-1699
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0914740
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1973
Total area
3,933 SF
Lot
19.24 ac (838,094 SF)
Zoning code
RC
APN
33-02-02-06-402-018
UPID
US43-0914740
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
-
Edgewood Village Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$525k
Owner & transaction history
Edgewood Hsng Partners Ltd Dividend · 6 yrs held
Edgewood Hsng Partners Ltd Dividend
since 2019
3 recorded transactions
Zoning & alternative use
RC · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$410,000
+48.9%
Commercial (general)
$385,000
+41.3%
Retail stores
$365,000
+33.4%
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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$410,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$385,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$365,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$350,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$330,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$133 / 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
Tax billed
$164,992
Tax year 2022
Assessed value
$2,616,600
Assessed 2023
Previous assessed
$2,493,500
+4.9% YoY
Effective rate
6.31%
On assessed value
Assessed land
$1,687,500
Assessed improvement
$929,100
Land market value
$3,375,000
Improvement market value
$1,858,200
Total market value
$5,233,200
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Buildings
13
Stories
1
Total area
3,933 SF
Lot
19.24 ac (838,094 SF)
Zoning code
RC
APN
33-02-02-06-402-018
UPID
US43-0914740
Jurisdiction
INGHAM
Zoning & alternative use
RC · East Lansing, MIZoning RC · permitted uses
RC · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$385,000
RETAIL STORES
Est. value
$365,000
MEDICAL BUILDING
Est. value
$350,000
OFFICE BUILDING
Est. value
$330,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1973
Heating
FORCED AIR
Stories
1
Buildings
13
Lot
19.24 ac
Current owner
From public records · entity-resolved
Edgewood Hsng Partners Ltd Dividend
Entity
Mailing address
102 S MAIN ST, MT PLEASANT, MI 48858-2336
Ownership since
2019
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
Oct 22, 2020
—
Edgewood Housing Partners LP
—
Deed
related
$14,930 · Michigan State Housing Dev Authority
Aug 15, 2019
—
Edgewood Hsng Partners Ltd Dividend
Dgewood Village Nonprofit Housing C
Warranty Deed
$9,500,000 · Tcf National Bank
—
—
Edgewood Village Nonprofit Hsn
—
Deed Of Trust
related
$4,200,700 · Love Funding Corp
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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