Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4790 S Hagadorn Rd East Lansing, MI 48823

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail center with a strong tenant mix on Hagadorn Road.

    Type:Retail
    Added:
    Mar 15, 2022
    Days on Market:
    1497
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 4790 S Hagadorn Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 4790 S Hagadorn Rd Contact us

    We can help!

    Listing Contact
    Evemarie Eyde

    Listing agent Evemarie Eyde License #MI

    Listing office Eyde Development

    Listing date Mar 15, 2022

    Source Crexi

    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 Eyde Development

    Overview

    Retail Center on Hagadorn Road

    This retail center is strategically located on Hagadorn Road, situated between Grand River Avenue and Mt. Hope Road. The property features a strong tenant mix, including Pizza House, Powerhouse Gym, Orangetheory Fitness, GNC, Jimmy John’s, Sansu, and Square One Bakery. The location is within walking distance of the Michigan Athletic Club, Sparrow Health Science Pavilion, The Lodges of East Lansing, and the Marriott Towne Place Suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J2 Tanning Hannah ... Tanning Salon Pizza House Restaurant Pho So 1 Restaurant Spartans Edge Barbershop Barber Shop Zhen Ramen & Grill Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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

    • East Oak Sq — 2843 E Grand River Ave, East Lansing, MI 48823
    • Hannah Plaza — 4750 Hagadorn Rd, East Lansing, MI 48823

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.462041
    Latitude
    42.72087

    Nearby Similar for Lease

    • Contact for pricing

      East Lansing Commercial Space Available

      Commercial space for rent in East Lansing, Michigan.
      549 E Grand River Avenue, East Lansing, MI 48823
      View Details
    • Contact for pricing

      MI, East Lansing - Grand River center

      333 Grand River Ave, East Lansing, MI 48823
      View Details
    • Sponsored
      Contact for pricing

      MI, East Lansing – Lake Lansing

      1760 Abbey Rd, Unit 2ND, East Lansing, MI 48823
      View Details
    • $15/mo

      East Lansing Office Suites Available

      Office suites for rent in East Lansing's business district.
      315 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $10/mo

      East Lansing Office Space Available

      Office space in the heart of downtown East Lansing.
      231 M. A. C. Avenue unit: 2Nd Flr, East Lansing, MI 48823
      View Details
    • $10/mo

      East Lansing Office Space Available

      Affordable office space directly across from MSU campus.
      507 1/2 E Grand River Avenue unit: 2Nd Floor, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Retail Space Near MSU Campus

      Retail space in a 3-tenant building across from MSU.
      1105 East Grand River Avenue, East Lansing, MI
      View Details
    • $15/mo

      East Lansing Office Space Available

      22,722 SF office space for rent in East Lansing.
      830 W Lake Lansing Rd, East Lansing, MI
      View Details
    • Contact for pricing

      Retail Building Near MSU Campus

      Freestanding retail building with high foot traffic near MSU.
      1109 East Grand River Ave, East Lansing, MI
      View Details
    • Contact for pricing

      East Lansing Office Space Available

      4,464 SF office space for rent in East Lansing.
      6102 Abbot Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Retail Space Near Michigan State

      Retail space with drive-up window near Michigan State University.
      1034 Trowbridge Road, East Lansing, MI
      View Details
    • Contact for pricing

      East Lansing Office Space Available

      Second floor office space with easy highway access.
      W Lake Lansing Rd 1595, East Lansing, MI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center with a strong tenant mix on Hagadorn Road.
    Where is this shopping center located?
    The property is located at 4790 S Hagadorn Rd East Lansing, MI.
    What are key features of this property?
    This property features: Prime retail center location on Hagadorn Road.; **Strong tenant mix** including Pizza House, Powerhouse Gym, and Orangetheory Fitness.; Walking distance to the Michigan Athletic Club.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Evemarie Eyde
    Real Estate License ID: MI
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!