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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail residential properties
7733 Saginaw St, East Lansing, MI 48823-9614
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2467168
Property summary
AI-generated overview
This exceptional 2.2-acre commercial land parcel in East Lansing, Michigan, presents a prime opportunity for development. Located at 7733 E Saginaw St, zip code 48823, this property boasts ±350 feet of frontage on East Saginaw Street, offering unparalleled visibility and accessibility. The site benefits from its strategic position off the I-69/E Saginaw St. interchange, resulting in high traffic counts of nearly 20,000 vehicles per day (VPD). This high-exposure location is part of a thriving mixed-use development, including over 400 rental storage units. Its adjacency to the newly constructed Terra Vista Strip Center, featuring established businesses such as Dunkin’ Donuts, Barry’s Bagels, Subway, and Flora, further enhances its desirability. The property is zoned for development (D-Development), allowing for a wide range of commercial uses. Surrounded by densely populated neighborhoods and numerous new developments, this site offers significant potential for immediate returns and long-term growth. The asking price for this exceptional opportunity is $625,000. Clinton County location.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2021
Total area
7,897 SF
Lot
4.1 ac (178,596 SF)
Zoning code
DEVELOPMEN
APN
010-034-400-015-60
UPID
US43-2467168
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
-
Dunkin' Bakery Specialty Food Shop
-
Barry’s Bagels Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$860k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Bath Township Equity Group LLC · 3 yrs held
Bath Township Equity Group LLC
since 2023
3 recorded transactions
Zoning & alternative use
DEVELOPMEN · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$900,000
+15.4%
Auto repair, garage
$805,000
+3.2%
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%
$935,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
RESTAURANT
$900,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$735,000
Change: -6% · Conversion: Easy
MEDICAL BUILDING
$700,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$660,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$104 / 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
Assessed value
$634,400
Assessed 2024
Previous assessed
$660,900
-4.0% YoY
Assessed land
$133,900
Assessed improvement
$500,500
Land market value
$267,800
Improvement market value
$1,001,000
Total market value
$1,268,800
Applied tax rate
10.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2021
Heating
YES
Stories
1
Bathrooms
2
Total area
7,897 SF
Lot
4.1 ac (178,596 SF)
Zoning code
DEVELOPMEN
APN
010-034-400-015-60
UPID
US43-2467168
Jurisdiction
CLINTON
Zoning & alternative use
DEVELOPMEN · East Lansing, MI
Zoning DEVELOPMEN · permitted uses
DEVELOPMEN · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$780,000
RESTAURANT
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$700,000
OFFICE BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2021
Heating
YES
Stories
1
Bathrooms
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
Bath Township Equity Group LLC
Entity
Mailing address
503 MALL CT #312, LANSING, MI 48912-5200
Ownership since
2023
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 21, 2025
—
Bath Township Equity Group LLC
—
Deed
related
$2,250,000 · Union Bank
Jun 5, 2023
—
Bath Township Equity Group LLC
2001 Saginaw LLC
Warranty Deed
$1,650,000 · The Dart Bank
Mar 13, 2015
$89,000
Dale Hosford
Jean P Klotz Ryerse
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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