Manufacturing
For Sale
$4,217,214
700 S Hosmer, Lansing, MI 48912
New five-year net lease includes two three-year renewal options.
Property Size51,340 SF
Days on Market194
Property Features for 700 S Hosmer
General Information
Standard status
Active
Size
51,340 SF
Property subtype
Industrial - Manufacturing
Site & Location
Neighborhood
Eastside Neighborhood Organization
Building Details
Building Size
51,340 SF
Listing Agency:
Burger & Company
Listed By:
Paul Burger · License #6502115574
(586) 202-7800
Source:
Commercialcafe
Added: Apr 14
Changed: Oct 17
Last Checked: Oct 23 at 3:54AM
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 Burger & Company
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Investment Insights
Based on property information with market context.
Manufacturing property at 700 S Hosmer in Lansing, positioned at the Pennsylvania/I-496 interchange at Exit 7. The asset is subject to a new five-year net lease with two three-year renewal options. The reported lease economics include a 6.50% cap rate.
Key Highlights
- At the Pennsylvania/I‑496 interchange, Exit 7
- New five‑year net lease
- Two three‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,577
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,671,540
$6.7M
Cap Rate 7%
$4,765,386
$4.8M
Cap Rate 9%
$3,706,411
$3.7M
Market Conditions
NOI Build-Up for 51,340 SF
Gross rent
$523.7K $10.20/SF
− Vacancy
−$47.1K −$0.92/SF
EGI
$476.5K $9.28/SF
− OpEx
−$143.0K −$2.78/SF
NOI
$333.6K $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%
$6,671,540
Cap Rate 7%
$4,765,386
Cap Rate 9%
$3,706,411
Alternative Uses
Best Use
Industrial
$4.77M
$4.17M – $5.56M
NOI $333,577 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.57M
$9.25M – $12.33M
NOI $739,754 @ 7.0% cap · market cap 17.54%
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
Location Intelligence
Trade Area within ½ mile
2,940
Businesses Nearby
Explore this area
Business Placement
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - New five-year net lease includes two three-year renewal options.
Where is this manufacturing property located?
The property is located at 700 S Hosmer Lansing, MI.
What is the asking price?
The asking price for this property is $4,217,214.
What are key features of this property?
This property features: At the Pennsylvania/I‑496 interchange, Exit 7; New five‑year net lease; Two three‑year renewal options
