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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
808 Lk Lansing Rd, East Lansing, MI 48823-1397
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-0997911
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
5,400 SF
Lot
0.53 ac (23,087 SF)
Zoning code
RM22
APN
33-20-01-01-301-010
UPID
US43-0997911
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
-
Cypress Home Care, Inc. Home Health Care Service
-
Spartan Tax Relief, LLC Tax Preparation
-
Asian Massage East Alternative Medicine Practice Spa & Massage Center
-
Three Oaks Counseling Counselor
-
Andrew Schafer Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$540k
Owner & transaction history
808 Partners LLC · 7 yrs held
808 Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
RM22 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$665,000
+24.5%
Restaurant
$630,000
+17.8%
Commercial (general)
$615,000
+15.4%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Current use
MEDICAL BUILDING
$665,000
Change: +24% · Conversion: Easy
RESTAURANT
$630,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$615,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$545,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$430,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$100 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$15,575
Tax year 2019
Assessed value
$233,100
Assessed 2023
Previous assessed
$223,700
+4.2% YoY
Effective rate
6.68%
On assessed value
Assessed land
$92,300
Assessed improvement
$140,800
Land market value
$184,600
Improvement market value
$281,600
Total market value
$466,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,400 SF
Lot
0.53 ac (23,087 SF)
Zoning code
RM22
APN
33-20-01-01-301-010
UPID
US43-0997911
Jurisdiction
INGHAM
Zoning & alternative use
RM22 · East Lansing, MI
Zoning RM22 · permitted uses
RM22 · 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
OFFICE BUILDING Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$665,000
RESTAURANT
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$545,000
RETAIL STORES
Est. value
$430,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1981
Heating
YES
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
808 Partners LLC
Entity
Mailing address
808 W LK LANSING RD STE #100, EAST LANSING, MI 48823-6322
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
—
908 Partners LLC
—
Deed
related
$435,000 · The Dart Bank
Feb 13, 2019
—
808 Partners LLC
808 Lake LLC
Quit Claim Deed
related
—
Aug 1, 2018
—
808 Lake LLC
—
Deed
related
—
Aug 15, 2017
—
808 Lake LLC
—
Deed
related
$50,000 · Sedric L II Audas
May 3, 2013
$250,000
808 Lake LLC
Wickens P A Trust 1
Warranty Deed
$245,000 · Mason State Bank
Mar 24, 2008
—
Wickens,patricia A Trust 1
Wickens,patricia A
Quit Claim Deed
related
—
Sep 12, 2003
—
Patricia A Wickens
Wickens,stephen M
Quit Claim Deed
related
—
—
—
808 Lake LLC
—
Deed Of Trust
related
$50,000 · Sedric L II Audas
—
—
808 Lake LLC
—
Loan Modification
related
—
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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