Freestanding Auto Parts
1904 N Larch St Lansing, MI 48906
1904 N Larch St, Lansing, MI, 48906
$825,000
For Sale
$825,000
Free-standing auto parts store on an NNN structure, with remaining lease term and two additional five-year options.
Property Size6,865 SF
Price / SF$120.17
Days on Market191
Property Features for 1904 N Larch St
General Information
- Standard status
- Active
- Size
- 6,865 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agency
Woodworth Commercial LLC
(989) 723-3711
Listed by
Randy Woodworth · License #6501440781
(989) 723-3711
Source
Cpix.resimplifi
Added: Jan 12 Updated: Jul 21 at 5:45AM Checked: Jul 21 at 5:45AM
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 Woodworth Commercial LLC
Investment Insights
Based on property information with market context.
This freestanding building is currently occupied as an auto parts store. The property is structured as an NNN arrangement, with landlord responsibility for roof, structure, and lot, while the tenant is responsible for NNN charges. The current lease has eight years remaining on the original term, along with two (5-year) options.
The building is located in the retail corridor of N. Larch Street in Lansing, MI. It is positioned for convenience to Lansing Regional Airport, Eastwood Towne Center, Downtown Lansing, and surrounding communities including DeWitt, Lansing, and East Lansing.
The building is located in the retail corridor of N. Larch Street in Lansing, MI. It is positioned for convenience to Lansing Regional Airport, Eastwood Towne Center, Downtown Lansing, and surrounding communities including DeWitt, Lansing, and East Lansing.
Key Highlights
- Free‑standing building occupied as an auto parts store, built in 2001
- Original lease has eight years remaining, plus two additional 5‑year options
- NNN structure: landlord responsible for roof, structure and lot; tenant responsible for NNN charges
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.0k | $15.00 |
| − Vacancy | −$14.2k | −$2.07 |
| EGI | $88.8k | $12.93 |
| − OpEx | −$26.6k | −$3.88 |
| NOI | $62.1k | $9.05 |
6,865 SF · lease $15.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$887.6K
$776.7K – $1.04M
NOI $62,135 @ 7.0% cap · market cap 7.53%
Second Best
Industrial
$637.2K
$557.6K – $743.4K
NOI $44,605 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,917 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advance Auto Parts
Auto Parts Store
UPS Access Point ...
Courier Service
Similar For Sale Nearby
Similar Off Market Nearby
- Idealease of West Michigan Lansing — Lease/Rent Dept, 1700 N Grand River Ave, Lansing, MI 48906
- RentOutTrailers — Ingham County, 923 Cleveland St, Lansing, MI 48906
FAQs
What type of property is this?
Automotive property - Free-standing auto parts store on an NNN structure, with remaining lease term and two additional five-year options.
Where is this automotive property located?
The property is located at 1904 N Larch St Lansing, MI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Free‑standing building occupied as an auto parts store, built in 2001; Original lease has eight years remaining, plus two additional 5‑year options; NNN structure: landlord responsible for roof, structure and lot; tenant responsible for NNN charges
