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1625 Ramblewood Dr 10,976 SF Office Building East Lansing, MI 48823 $3,822,299 CAD ($348.24 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Located in East Lansing, a highly stable, education-driven market.
- Strong daytime population supported by students, faculty, and university-related employment
- Convenient regional access via US-127 and I-496
- Immediate proximity to Michigan State University, one of the largest public universities in the U.S.
- Part of the Lansing–East Lansing metropolitan area, benefiting from a diverse economic base
- Surrounded by established residential neighborhoods and community amenities
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,976 SF
Building Class
A
Year Built
1998
Price
$3,822,299 CAD
Price Per SF
$348.24 CAD
Cap Rate
7.75%
NOI
$296,228 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,488 SF
Building FAR
1.10
Lot Size
0.23 AC
Zoning
Commercial
Parking
70 Spaces (6.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $743,408 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $743,408 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$743,408 CAD
Total Assessment
$743,408 CAD
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1625 Ramblewood Dr
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