Single-Tenant Net-Lease Office
920 N Fairview Ave Lansing, MI 48912
For Sale
$2,975,000
Recently renovated, single-tenant office building leased to NeoPollard Interactive.
Property Size18,100 SF
Price / SF$164.36
Days on Market147
Property Features for 920 N Fairview Ave
General Information
Standard status
Active
Size
18,100 SF
Property subtype
Office
Listing Agency:
NAI Mid-Michigan
(517) 281-5800
Listed By:
Jerome Abood
Source:
Cpix.resimplifi
Added: Mar 2
Changed: Jul 21
Last Checked: Jul 27 at 2:20AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $291.0k | $16.08 |
| − Vacancy | −$58.2k | −$3.22 |
| EGI | $232.8k | $12.86 |
| − OpEx | −$58.2k | −$3.22 |
| NOI | $174.6k | $9.65 |
18,100 SF · lease $16.08/SF/yr · vacancy 20.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
