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Property profile & analytics
OFF-MARKET
Commercial land
Ee State Rd East Lansing, MI 48823
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-3712277
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
25.16 ac (1,095,970 SF)
Zoning code
R1
APN
19-20-50-25-300-022
UPID
US43-3712277
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles Fox Field JR · 18 yrs held
Charles Fox Field JR
since 2007
7 recorded transactions
Zoning & alternative use
R1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,573
Tax year 2018
Assessed value
$131,400
Assessed 2024
Previous assessed
$124,300
+5.7% YoY
Effective rate
5.00%
On assessed value
Assessed land
$131,400
Land market value
$262,800
Total market value
$262,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
HEAT PUMP
Lot
25.16 ac (1,095,970 SF)
Zoning code
R1
APN
19-20-50-25-300-022
UPID
US43-3712277
Jurisdiction
CLINTON
Zoning & alternative use
R1 · East Lansing, MI
Zoning R1 · permitted uses
R1 · 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
Heating
HEAT PUMP
Lot
25.16 ac
Current owner
From public records · entity-resolved
Charles Fox Field JR
Individual
Mailing address
PO BOX 307, BATH, MI 48808-0307
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2007
$346,000
Charles Fox Field JR
Heather Lindemann
Warranty Deed
$276,800 · Summit Community Bank
Apr 11, 2007
$87,000
Duane M Smith
T & D Developers LLC
Warranty Deed
$500,000 · Countrywide Home Loans INC
Apr 11, 2007
$52,000
Michael A Beuerle
T & D Developers LLC
Warranty Deed
$150,000 · Fifth Third Mortgage Michigan LLC
Feb 26, 2007
$366,980
Bernard M Rochon
T & D Developers LLC
Warranty Deed
$275,235 · Jpmorgan Chase Bank NA
Feb 26, 2007
$80,000
David E Suty
T & D Developers LLC
Warranty Deed
$460,453 · Countrywide Home Loans INC
Oct 20, 2006
$80,000
Brian J Lefler
T & D Developers LLC
Warranty Deed
$577,800 · Fifth Third Mortgage Michigan LLC
Aug 8, 2006
$52,000
Kathryne J Tieman
T & D Developers LLC
Warranty Deed
$264,160 · Countrywide Home Loans INC
May 26, 2006
$73,520
Robert K Schroeder
T & D Developers LLC
Warranty Deed
—
Jul 15, 2005
$365,000
Michael Ramsey
T & D Developers LLC
Warranty Deed
$292,000 · Michigan Home Finance LLC
Jun 17, 2005
$64,000
Robert R Riegal
T & D Developers II LLC
Warranty Deed
$85,000 · Abn Amro Mortgage Group INC
Jun 9, 2005
$89,610
Gerald A Hodak
T & D Developers II LLC
Warranty Deed
$500,000 · Jpmorgan Chase Bank NA
Apr 21, 2005
$58,500
Robert B Duncan
T&d Developers LLC
Warranty Deed
$343,369 · Countrywide Home Loans INC
Feb 7, 2005
$97,000
Timothy L Nichols
T&d Developers LLC
Warranty Deed
$394,950 · Lighthouse Mortgage
Feb 4, 2005
—
Gene W Hoekwater
Gene W Hoekwater
Intrafamily Transfer
related
—
Jan 20, 2005
$62,500
Teresa Ann Kozdemba
T & D Developers LLC
Warranty Deed
$363,000 · Abn Amro Mortgage Group INC
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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