Flex Space with Heated
3340 Ranger Road, Lansing, MI 48906
For Sale
Contact for pricing
Office and warehouse areas include conference, fitness, and finished-storage space.
Property Size12,000 SF
Lot Size2.23 Acres
Price / SF$0.00
Days on Market51
Property Features for 3340 Ranger Road
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Highway Access
Fenced Yard
Additional Details
Warehouse Space
Amenities
conference room
fitness room
Building Details
Building Size
Listing Agency:
Beal Properties LLC
(734) 662-6133
Listed By:
Michael Slater
(734) 883-1282
Source:
Jimdehaan
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 12 at 7:11AM
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 Beal Properties LLC
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Investment Insights
Based on property information with market context.
This flex property combines 12,000 SF of office and warehouse space on 2.23 acres. The office includes private and open areas, a large conference room, and a fitness room with a shower. An attached 3,232 SF heated warehouse has a 12' overhead door and finished storage space.
The property is in Lantex Industrial Park, near the airport and major interchanges. Its fenced gravel lot measures 120'x175'.
The property is in Lantex Industrial Park, near the airport and major interchanges. Its fenced gravel lot measures 120'x175'.
Key Highlights
- 12,000 SF of office and warehouse space on 2.23 acres
- Attached 3,232 SF heated warehouse with a 12' overhead door
- Office includes private and open areas, a conference room, and a fitness room with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,969
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,380
$1.6M
Cap Rate 7%
$1,113,843
$1.1M
Cap Rate 9%
$866,322
$866.3K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$122.4K $10.20/SF
− Vacancy
−$11.0K −$0.92/SF
EGI
$111.4K $9.28/SF
− OpEx
−$33.4K −$2.78/SF
NOI
$78.0K $6.50/SF
Area
Lansing, MI
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,559,380
Cap Rate 7%
$1,113,843
Cap Rate 9%
$866,322
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,833 @ 7.0% cap
Second Best
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,664 @ 7.0% cap
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,907 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Lansing, MI
Properties on Market for Flex space in Lansing
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas include conference, fitness, and finished-storage space.
Where is this flex space located?
The property is located at 3340 Ranger Road Lansing, MI.
What are key features of this property?
This property features: 12,000 SF of office and warehouse space on 2.23 acres; Attached 3,232 SF heated warehouse with a 12' overhead door; Office includes private and open areas, a conference room, and a fitness room with shower
