Corner Office Building with
For Sale
Contact for pricing
915 Centennial Way, Lansing, MI 48917
Office building with convenient access and onsite parking.
Property Size10,132 SF
Days on Market194
Property Features for 915 Centennial Way
General Information
Standard status
Active
Size
10,132 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
10,132 SF
Year Built
1995
Properties For Sale
at 915 Centennial Way
Capitol Commerce Center - Fully Leased
Size
10,527 SF
Term
Negotiable
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 8
Changed: Oct 11
Last Checked: Oct 16 at 7:03AM
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 is strategically located at the corner of S. Creyts Road and W. Saint Joseph Highway, offering easy access to I-496 and I-69. Onsite parking is available. The property is in close proximity to restaurants, gyms, dry cleaners, grocery stores, retail establishments, and banks.
Key Highlights
- Strategic location at the corner of S. Creyts Road and W. Saint Joseph Highway
- Easy access to I‑496 and I‑69
- Onsite parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,754
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,080
$2.0M
Cap Rate 7%
$1,396,486
$1.4M
Cap Rate 9%
$1,086,156
$1.1M
Market Conditions
NOI Build-Up for 10,132 SF
Gross rent
$162.9K $16.08/SF
− Vacancy
−$32.6K −$3.22/SF
EGI
$130.3K $12.86/SF
− OpEx
−$32.6K −$3.22/SF
NOI
$97.8K $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%
$1,955,080
Cap Rate 7%
$1,396,486
Cap Rate 9%
$1,086,156
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,754 @ 7.0% cap · market cap 651,693.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.82M – $2.43M
NOI $145,991 @ 7.0% cap · market cap 973,273.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 building with convenient access and onsite parking.
Where is this office space located?
The property is located at 915 Centennial Way Lansing, MI.
What are key features of this property?
This property features: Strategic location at the corner of S. Creyts Road and W. Saint Joseph Highway; Easy access to I‑496 and I‑69; Onsite parking available
