Office Building Near Retail
For Sale
Contact for pricing
8158 Executive Ct, Lansing, MI 48917
Modified Gross office property built in 2003 with convenient Interstate 96 access.
Property Size13,547 SF
Days on Market199
Property Features for 8158 Executive Ct
General Information
Standard status
Active
Size
13,547 SF
Class
B
Property subtype
Office
Lease Term
MG
Additional Details
Highway Access
Yes
Building Details
Building Size
13,547 SF
Year Built
2003
Properties For Sale
at 8158 Executive Ct Contact us15
Size
935 SF
Term
Negotiable
40
Size
1,538 SF
Term
Negotiable
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 1
Changed: Oct 7
Last Checked: Oct 14 at 10:05PM
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
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Investment Insights
Based on property information with market context.
This office building was completed in 2003 and is offered with Modified Gross lease terms. The property is positioned on Executive Court near Marketplace Boulevard and Saginaw Highway, providing access to Interstate 96.
The surrounding area includes restaurants, grocery stores, retail businesses, gyms, and hotels. Major nearby retailers include Wal-Mart, Lowe's, Menards, and Furniture Row, creating an established commercial setting for office users seeking proximity to everyday services and shopping.
The surrounding area includes restaurants, grocery stores, retail businesses, gyms, and hotels. Major nearby retailers include Wal-Mart, Lowe's, Menards, and Furniture Row, creating an established commercial setting for office users seeking proximity to everyday services and shopping.
Key Highlights
- 2003 construction
- Modified Gross lease structure
- Executive Court location near Marketplace Blvd. and Saginaw Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,614,020
$2.6M
Cap Rate 7%
$1,867,157
$1.9M
Cap Rate 9%
$1,452,233
$1.5M
Market Conditions
NOI Build-Up for 13,547 SF
Gross rent
$217.8K $16.08/SF
− Vacancy
−$43.6K −$3.22/SF
EGI
$174.3K $12.86/SF
− OpEx
−$43.6K −$3.22/SF
NOI
$130.7K $9.65/SF
Area
Lansing, MI
Vacancy
20.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,614,020
Cap Rate 7%
$1,867,157
Cap Rate 9%
$1,452,233
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,701 @ 7.0% cap · market cap 933,578.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,198 @ 7.0% cap · market cap 1,394,271.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 48917, MI
32,679
Population
15,975
Households
2
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
24.0 sq mi
ZIP Area
1,362
Density / Sq Mi
$73,259
Median Household Income
$47,739
Median Earnings
$1,085
Median Rent
$211,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Modified Gross office property built in 2003 with convenient Interstate 96 access.
Where is this office building located?
The property is located at 8158 Executive Ct Lansing, MI.
What are key features of this property?
This property features: 2003 construction; Modified Gross lease structure; Executive Court location near Marketplace Blvd. and Saginaw Highway
