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    The Largest CRE Database in the US with Over 1 Million Listings

    3900 Capital City Blvd Lansing, MI 48906

    Sponsored
    For Sale
    $1,950,000

    COMMERCIAL - Other - Lansing, MI

    Property size:
    10,200 SF
    Lot size:
    22.00 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 1 at 2:06 pm

    Property Features for 3900 Capital City Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Rooms
    Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 4
    Bathrooms
    7
    APN
    19-05-83-01-024-801
    Parking
    111
    Parking features
    Driveway, Off Street
    Exterior features
    Courtyard, Covered Courtyard, Lighting, Private Entrance, Storage
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Size
    10,200 SF
    Lot size
    22.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Combination
    Building materials
    Brick, Concrete
    Roof type
    Flat
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kenneth Burton

    Keller Williams Realty (517) 853-1200

    Listing agent Kenneth Burton (517) 242-2000 License #6501414220

    Listing date Jan 26, 2026

    MLS# 293664

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Corporate Headquarters Near Airport

    This 20,400 square foot, two-story corporate office headquarters is for sale. Situated on over two acres, the meticulously maintained building is designed to support professional, administrative, and executive operations. An additional 6,000 square foot hangar-style building provides ancillary space for secure storage, records management, or operational support. The property is purpose-suited for a corporate headquarters or regional office. It features a prominent location adjacent to Capital Region International Airport and offers excellent access to major highways and regional corridors. The site provides private, lighted, secure on-site parking. A new roof was installed in October 2023. The high-visibility site includes signage and a flexible interior layout accommodating executive offices, conference rooms, and departmental use. It is ideal for corporate, professional services, aviation-related administration, or institutional users seeking a flagship location with exceptional accessibility and visibility. The property is located in Lansing, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.592025
    Latitude
    42.777298

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    FAQs

    What type of property is this?
    Office building - Two-story office headquarters with hangar, near Capital Region Airport.
    Where is this office building located?
    The property is located at 3900 Capital City Blvd Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prominent location adjacent to Capital Region International Airport offering exceptional accessibility and visibility.; - Purpose-suited **20,400 SF corporate office headquarters** on over two acres, ideal for various professional uses.; - Additional 6,000 SF hangar-style building for secure storage or operational support.
    (517) 242-2000
    Request Owner's contact information
    3900 Capital City Blvd Lansing, MI 48906
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    Lansing, MI 48906
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3900 Capital City Blvd Lansing, MI 48906
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    We can help!
    Listing Contact
    Kenneth Burton
    Real Estate License ID: 6501414220
    (517) 242-2000
    Learn more
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