Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Eastwood Towne Title is generated by Realmo AI

    2959 Preyde Blvd, Lansing, MI

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Regional lifestyle destination with premium brands and dining options.

    Type:RETAIL
    Property size:
    2,321 SF
    Lot size:
    28.80 Acres
    Added:
    Dec 11, 2023
    Days on Market:
    908
    Last Refresh:
    May 20 at 9:13 pm

    Property Features for 2959 Preyde Blvd

    General Information

    Standard status
    Active
    Size
    2,321 SF
    Lot size
    28.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2959 Preyde Blvd Contact us

    We can help!

    Listing Contact
    Greg Goldberg
    Greg Goldberg

    Listing agent Greg Goldberg

    Listing office Kite Realty Group - Corporate

    Listing date Dec 11, 2023

    Source Moodyscre

    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 Kite Realty Group - Corporate

    HighLights

    • Unmatched collection of premium aspirational brands and popular national dining options.
    • Regional lifestyle destination.
    • All amenities of a premium fashion mall.
    • Unparalleled convenience and access.
    • Featured tenants include Apple and Lululemon.
    • Featured tenants include Pottery Barn and William‑Sonoma.

    Overview

    This retail space is located within a regional lifestyle destination, featuring a collection of premium aspirational brands, services, and national dining options. Eastwood Towne Center offers amenities of a premium fashion mall combined with convenience and access. Current tenants include Apple, Lululemon, DSW, Pottery Barn, Evereve, and William-Sonoma. The property offers 2321 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    T-Mobile Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Eastwood Towne Center — 3003 Preyde Blvd, Lansing, MI 48912
    • Coinstar Kiosk - Bitcoin ATM — 1550 West Lk Lansing Rd Kroger, 1550 W Lake Lansing Rd #1550, East Lansing, MI 48823

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.5132
    Latitude
    42.7639

    Nearby Similar for Lease

    • $3,105/Mo
      2,484 SF

      Spacious First-Floor Office Suite

      2484 SF office suite with flexible layout and ample parking.
      5123 W ST JOE, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      10,800 SF

      Downtown Lansing Commercial Space Available

      Restaurant-ready space near Capitol Complex in downtown Lansing.
      208 S Washington Square, Lansing, MI 48933
      View Details
    • $2,340/Mo
      1,870 SF

      Lansing Office Suite For Lease

      Second-floor office suite with flexible space and ample parking.
      5123 W ST JOE, Lansing, MI 48917
      View Details
    • $1,300/Mo
      900 SF

      Retail Space in Lansing, MI

      Retail space for rent with high visibility and traffic.
      4405 S Martin Luther King Jr Boulevard, Lansing, MI 48910
      View Details
    • $1,600/Mo
      2,500 SF

      High-Traffic Commercial Space Available

      Retail, office, or restaurant space in high-traffic Lansing location.
      3318 -3320 S Cedar Street, Lansing, MI 48910
      View Details
    • $2,500/Mo
      2,500 SF

      Lansing Office Space For Rent

      Office space available for lease in Lansing, Michigan.
      3911 W Michigan Avenue, Lansing, MI 48917
      View Details
    • $3,500/Mo
      2,444 SF

      High-Visibility Lansing Restaurant Opportunity

      Freestanding restaurant space with drive-thru in high-traffic location.
      3122 S Martin Luther King Junior Boulevard, Lansing, MI 48910
      View Details
    • $1,000/Mo
      3,400 SF

      Contiguous Retail Suites A and C

      Contiguous office/retail suites with strong frontage and high daily vehicle counts on a major bus line.
      5400 S Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $16 SF/Yr
      2,824 SF

      Turnkey Medical Office Building

      Renovated, all-brick office with six exam rooms, accessible restrooms, and dedicated patient flow features.
      1219 E Saginaw St, Lansing, MI 48906
      View Details
    • $129-$5,056/Mo
      11-1,292 SF

      MI, Lansing - S Capitol Ave

      501 Capitol Ave, Lansing, MI 48933
      View Details
    • $129-$3,883/Mo
      11-1,292 SF

      One Michigan Avenue

      120 Washington Ave, Unit 300, Lansing, MI 48933
      View Details
    • Sponsored
      $129-$5,523/Mo
      11-1,292 SF

      MI, Lansing - Lake Lansing Rd

      2624 Lake Lansing Rd, Lansing, MI 48912
      View Details

    FAQs

    What type of property is this?
    Shopping center - Regional lifestyle destination with premium brands and dining options.
    Where is this shopping center located?
    The property is located at 2959 Preyde Blvd Lansing, MI.
    What are key features of this property?
    This property features: Unmatched collection of premium aspirational brands and popular national dining options.; Regional lifestyle destination.; All amenities of a premium fashion mall.
    (317) 577-5600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Goldberg
    Greg Goldberg
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2959 Preyde Blvd, Lansing, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!