Holcim Rail Terminal with
For Sale
Contact for pricing
1930 Turner Rd, Lansing, MI 48906
0.984 acre rail terminal with six silos for sale.
Property Size3,000 SF
Lot Size0.98 Acres
Price / SF$133
Days on Market2070
Property Features for 1930 Turner Rd
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.98 Acres
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1962
Tenancy
Single
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
Listed By:
John Arthurs · License #MI 6501222941
(248) 663-0506
Source:
Crexi
Added: Jan 4, 2021
Changed: Aug 14
Last Checked: Sep 4 at 9:37AM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
The 0.984 acre Holcim Rail Terminal features six silos with a total capacity of approximately 7,000 short tons. The grain silo has a 750 short ton capacity, while two concrete silos each hold 3,000 short tons. Each silo is equipped with dust collectors. The terminal includes one rail loading spout, seven truck unloading points, four unloading blow-off pipes, and a scale. It is connected to the CSX Rail and has an easement to Benjamin Street. The entire terminal has been dormant for the last 10 years.
Key Highlights
- Connected to CSX Rail, providing direct rail access for efficient transportation.
- High‑capacity storage with six silos totaling approximately 7,000 short tons.**
- .984 Acre Holcim Rail Terminal with existing infrastructure.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,160
$484.2K
Cap Rate 7%
$345,829
$345.8K
Cap Rate 9%
$268,978
$269.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$31.7K $10.56/SF
− Vacancy
−$3.2K −$1.07/SF
EGI
$28.5K $9.49/SF
− OpEx
−$4.3K −$1.42/SF
NOI
$24.2K $8.07/SF
Area
Lansing, MI
Vacancy
10.10%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,160
Cap Rate 7%
$345,829
Cap Rate 9%
$268,978
Alternative Uses
Best Use
Warehouse
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 6.07%
Second Best
Industrial
$278.5K
$243.7K – $324.9K
NOI $19,492 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$617.5K
$540.3K – $720.5K
NOI $43,227 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Truck terminal - 0.984 acre rail terminal with six silos for sale.
Where is this truck terminal located?
The property is located at 1930 Turner Rd Lansing, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Connected to CSX Rail, providing direct rail access for efficient transportation.; High‑capacity storage with six silos totaling approximately 7,000 short tons.**; .984 Acre Holcim Rail Terminal with existing infrastructure.
