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    3303 North East Street Lansing, MI 48906

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    For Lease
    $1,624,000

    Leased auto repair shop with corporate guarantee in Lansing, MI.

    Type:Retail
    Added:
    Nov 21, 2025
    Days on Market:
    160
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 3303 North East Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Robert Bender

    Listing agent Robert Bender License #MI 6501323470

    Listing office

    Listing date Nov 21, 2025

    Source Fortisnetlease

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Robert Bender

    Overview

    Collision Right Repair Center

    The property is a Collision Right Repair Center located at 3303 N East St. in Lansing, MI. The facility spans 11,424 square feet and is situated on a 1.42-acre lot. The property is currently operating under a double net lease with minimal landlord responsibilities. The initial lease term has ten years remaining. The lease, guaranteed by CollisionRight, LLC, includes 2% annual rent increases and two, five-year renewal options. CollisionRight, LLC is a consolidator of automotive collision repair shops in the United States. The property is located in Lansing, the capital of Michigan, within an area that has over 150,000 residents within 5 miles, and over 50,000 households. The median household income within 5 miles exceeds $70,000. Lansing is a hub of political, educational, and cultural activity with a diverse economy including government, education, healthcare, and manufacturing sectors. The city is home to Michigan's state government and Michigan State University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Low Cost Auto Repair — 1301 N Grand River Ave, Lansing, MI 48906
    • Able and Affordable Auto Service — 1223 e césar e. chávez ave, lansing, mi 48906
    • Collard Mobile Windshield Repair & Replacement Group — 1405 center st, lansing, mi 48906
    • Towing's Service Lansing MI — 314 E Maple St, Lansing, MI 48906
    • Able And Affordable Auto Service And Towing — 1223 E César E. Chávez Ave, Lansing, MI 48906

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.5305
    Latitude
    42.7518

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    FAQs

    What type of property is this?
    Auto shop - Leased auto repair shop with corporate guarantee in Lansing, MI.
    Where is this auto shop located?
    The property is located at 3303 North East Street Lansing, MI.
    What is the lease rate?
    The lease rate is $1,624,000.
    What are key features of this property?
    This property features: Corporate guaranteed lease by CollisionRight, LLC, a leading national consolidator.; New 10‑year NNN lease with minimal landlord responsibilities.; Located in Lansing, MI, the capital of Michigan, with strong economic drivers.
    (248) 254-3406
    We can help!
    Listing Contact
    Robert Bender
    Real Estate License ID: MI 6501323470
    Learn More
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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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