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 Market184
Property Features for 700 S Hosmer
General Information
Standard status
Active
Size
51,340 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
51,340 SF
Listing Agency:
Burger & Company
Listed By:
Paul Burger · License #6502115574
(248) 536-2888
Source:
Commercialcafe
Added: Apr 14
Changed: Oct 1
Last Checked: Oct 12 at 5:08PM
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
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
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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
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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
