Lansing Office Space For
For Sale
Contact for pricing
839 Centennial Way, Lansing, MI 48917
Office property for sale in Lansing, Michigan.
Property Size6,416 SF
Days on Market194
Property Features for 839 Centennial Way
General Information
Standard status
Active
Size
6,416 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
6,416 SF
Year Built
1995
Properties For Sale
at 839 Centennial Way
200
Size
3,077 SF
Term
Negotiable
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 8
Changed: Oct 6
Last Checked: Oct 16 at 7:51AM
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 commercial real estate offering features office space located at 839 Centennial Way in Lansing, Michigan. The property is available for sale under a modified gross lease structure.
Key Highlights
- Modified gross lease
- Year built: 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,902
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,040
$1.2M
Cap Rate 7%
$884,314
$884.3K
Cap Rate 9%
$687,800
$687.8K
Market Conditions
NOI Build-Up for 6,416 SF
Gross rent
$103.2K $16.08/SF
− Vacancy
−$20.6K −$3.22/SF
EGI
$82.5K $12.86/SF
− OpEx
−$20.6K −$3.22/SF
NOI
$61.9K $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%
$1,238,040
Cap Rate 7%
$884,314
Cap Rate 9%
$687,800
Alternative Uses
Best Use
Office B
$884.3K
$773.8K – $1.03M
NOI $61,902 @ 7.0% cap · market cap 412,680.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,448 @ 7.0% cap · market cap 616,320.00%
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
431
Businesses Nearby
Balanced
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- MTS Associates — 1533 Blue Ridge Dr, Lansing, MI 48917
Frequently Asked Questions
What type of property is this?
Office space - Office property for sale in Lansing, Michigan.
Where is this office space located?
The property is located at 839 Centennial Way Lansing, MI.
What are key features of this property?
This property features: Modified gross lease; Year built: 1995
