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    Property profile & analytics

    835 Louisa St Lansing, MI 48911

    • Office buildings
    • 16,400 SF
    • 0.74 lot acres
    For Lease
    View listing
    $200 SF/Yr
    Last Sale
    Mar 04, 2022
    $500,000
    Value Estimations
    $540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1439841
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Job Solutions / Employment Agency
    • Noble Pathway Pediatric Therapy / Applied Behavior Analysis Therapist
    • Stack'd Beauty / Make-Up Artist
    • Sage Porta Potty Rental Lansing / Portable Toilet Supplier
    • Studio 910 / Nail Salon

    Property Details for 835 Louisa St

    Year built
    1973
    Lot size
    0.74 lot acres
    Property size
    16,400 SF
    Zone code
    D-1 PRO
    Property type
    Office buildings
    APN
    33-01-05-03-301-333
    APU
    33010503301333

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $535,000
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $760,000
      Market price range: $761k - $2.13M
      AI Estimate
      $468,000
      Market price range: $468k - $1.09M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5401
    Latitude
    42.6754
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $43,441
    $64,300
    $319,500
    $383,800
    -
    $128,600
    $639,000
    $767,600

    Comparable in this City

    • Value Estimation
      $235,000
      5,066 SF

      4166 Legacy Pkwy

      OFFICE BUILDING • 5,066 SF
      4166 Legacy Pkwy, Lansing, MI 48911-4259
      View Details
    • Value Estimation by Request
      1,603 SF

      5900 Executive Dr, Unit 38

      OFFICE BUILDING • 1,603 SF
      5900 Executive Dr, Lansing, MI 48911-5305
      View Details
    • Value Estimation
      $270,000
      1,740 SF

      5716 Cedar St

      OFFICE BUILDING • 1,740 SF
      5716 Cedar St, Lansing, MI 48911-5101
      View Details
    • Value Estimation
      $415,000
      10,277 SF

      3410 Belle Chase Way

      OFFICE BUILDING • 10,277 SF
      3410 Belle Chase Way, Lansing, MI 48911-4282
      View Details
    • Value Estimation
      $460,000
      7,383 SF

      3475 Belle Chase Way, Unit 1

      OFFICE BUILDING • 7,383 SF
      3475 Belle Chase Way, Lansing, MI 48911-4252
      View Details
    • Value Estimation
      $470,000
      11,887 SF

      4162 English Oak Dr

      OFFICE BUILDING • 11,887 SF
      4162 English Oak Dr, Lansing, MI 48911-4297
      View Details

    Similar Nearby for Sale

    • $400,000
      8,360 SF

      Lansing Warehouse: $400K

      Industrial warehouse, office space, fenced storage.
      3850 Circle Dr, Lansing, MI 48911
      View Details
    • $935,000
      8,450 SF

      Lansing Medical Office Investment

      8,450 SF, 8.5% Cap Rate, NNN Lease
      5400 Pennsylvania Ave, Lansing, MI 48911
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    • $510,400
      4,471 SF

      Lansing Warehouse: $510,400

      Prime Lansing warehouse, ideal for commercial use.
      5321 Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $220,000
      2,924 SF

      Lansing Office Building - Great Potential

      Spacious office space, updated, ample parking.
      5135 Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $599,000
      12,471 SF

      Lansing Industrial Property Investment

      12,471 SF Flex/Warehouse, Vacant
      6133 Aurelius Rd, Lansing, MI 48911
      View Details
    • Contact for pricing

      Land for Sale Lansing

      Land available in Lansing, Michigan.
      8155-8158 Executive Dr, Lansing, MI 48911
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Lansing Office Building - 40,000 SF

      Spacious Lansing office building, ideal for various businesses.
      5840 Enterprise Dr. Lansing, MI 48911, Lansing, MI 48911
      View Details
    • Contact for pricing
      12,000 SF

      Lansing Office Space: 12,000 SF

      Prime Lansing office space, ideal location.
      5918 - 5920 Enterprise Dr. Lansing, MI 48911, Lansing, MI 48911
      View Details
    • $11 SF/Yr
      736 SF

      Lansing Retail Office Space Available

      South Lansing office suites, 736-1378 sq ft.
      6810 Cedar St, Lansing, MI 48911
      View Details
    • $8 SF/Yr
      19,392 SF

      Lansing Executive Office Suites

      I-96 Access, Multiple Suites Available
      6035 Executive Dr, Lansing, MI 48911
      View Details
    • $200 SF/Yr
      144 SF

      Lansing Office Space For Rent

      Office suites available in Lansing, near I-96 and Pennsylvania.
      835 Louisa St, Lansing, MI 48911
      View Details
    • $240,000
      6,097 SF

      Medical Office Suites Available

      Move-in ready medical suites in thriving medical park.
      3960 Patient Care Way, Lansing, MI 48911
      View Details
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    835 Louisa St
    Lansing, MI 48911
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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
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