Single-Tenant Net-Lease Office
For Sale
$2,975,000
920 N Fairview Ave, Lansing, MI 48912
Recently renovated, single-tenant office building leased to NeoPollard Interactive.
Property Size18,100 SF
Days on Market175
Property Features for 920 N Fairview Ave
General Information
Standard status
Active
Size
18,100 SF
Class
C
Property subtype
Office - General Office
Site & Location
Neighborhood
Groesbeck Area Neighborhood Association
Building Details
Building Size
18,100 SF
Year Built
1966
Units
1
Listing Agency:
NAI Mid-Michigan
Listed By:
Jerome Abood
(517) 374-1100
Source:
Commercialcafe
Added: May 7
Changed: Oct 26
Last Checked: Oct 28 at 5:14AM
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 NAI Mid-Michigan
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Investment Insights
Based on property information with market context.
This single-tenant office building offers 18,100 SF of recently renovated space leased to NeoPollard Interactive, a joint venture between Pollard Banknote and NeoGames. The property underwent extensive renovations in 2020, including a complete interior remodel and an addition of 9,000 SF to an existing 9,100 SF structure.
The building is located at 920 N Fairview Ave in Lansing, Michigan, and sits across two parcels totaling 0.75 acres. It is positioned near Highway 127 and Grand River Ave.
The offering is structured as a net-lease investment.
The building is located at 920 N Fairview Ave in Lansing, Michigan, and sits across two parcels totaling 0.75 acres. It is positioned near Highway 127 and Grand River Ave.
The offering is structured as a net-lease investment.
Key Highlights
- Single‑tenant net‑lease office building in Lansing, MI at 920 N Fairview Ave
- 18,100 SF recently renovated office space leased to NeoPollard Interactive (Pollard Banknote & NeoGames joint venture)
- 2020 renovations included a full interior remodel and a 9,000 SF addition to the existing 9,100 SF structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,629
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,492,580
$3.5M
Cap Rate 7%
$2,494,700
$2.5M
Cap Rate 9%
$1,940,322
$1.9M
Market Conditions
NOI Build-Up for 18,100 SF
Gross rent
$291.0K $16.08/SF
− Vacancy
−$58.2K −$3.22/SF
EGI
$232.8K $12.86/SF
− OpEx
−$58.2K −$3.22/SF
NOI
$174.6K $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%
$3,492,580
Cap Rate 7%
$2,494,700
Cap Rate 9%
$1,940,322
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,629 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,802 @ 7.0% cap · market cap 8.77%
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
602
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Recently renovated, single-tenant office building leased to NeoPollard Interactive.
Where is this office building located?
The property is located at 920 N Fairview Ave Lansing, MI.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Single‑tenant net‑lease office building in Lansing, MI at 920 N Fairview Ave; 18,100 SF recently renovated office space leased to NeoPollard Interactive (Pollard Banknote & NeoGames joint venture); 2020 renovations included a full interior remodel and a 9,000 SF addition to the existing 9,100 SF structure
