Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1401 E Lansing Dr, Unit 104 East Lansing, MI 48823

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Finely finished 875 SF office condo with furnishings included.

    Property size:
    24,872 SF

    Property Features for 1401 E Lansing Dr

    General Information

    Size
    24,872 SF

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Jeffrey Branch
    Source: Naiglobal

    Listing Agent: Jeffrey Branch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Office Condo Near Costco

    This updated office condo is located in an established building on East Lansing Drive, near Costco and surrounding neighborhoods, close to Saginaw Highway. The property features 875 square feet of finely finished office space. Furnishings are included. A newer furnace is installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Musculoskeletal Medicine Medical Clinic James R Nichols ... Accountant Richard Allen Pittsley Rheumatologist Biotech Clinical Lab Medical Laboratory Wells Brooke Premium ... Home Health Care Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.452987
    Latitude
    42.748626

    Nearby Similar for Sale

    • $425,000
      2,487 SF

      East Lansing Office Investment Opportunity

      Well-maintained office building in East Lansing's Gaslight Village.
      3448 E Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $89,900
      0.40 Acres

      Land in East Lansing, MI

      Land available for sale in East Lansing, Michigan.
      2127 Isaac Ln, East Lansing, MI 48823
      View Details
    • $279,900

      Renovated Condo Near Stone Lake

      Updated 3-bedroom condo with lake access in East Lansing.
      1222 Chartwell Carriage Way North, East Lansing, MI 48823
      View Details
    • $209,000
      1,674 SF

      Move-In Ready Condo Near MSU

      Three-bedroom condo in East Lansing's Hickory Hill community.
      1448 Roxburgh Ave, East Lansing, MI 48823
      View Details
    • $1,200,000
      11,112 SF

      Renovated Office Building on Okemos Road

      Well-maintained office building with modern workspace and prime location.
      4151 Okemos Rd, East Lansing, MI 48823
      View Details
    • $349,000
      2,004 SF

      Renovated East Lansing Office Building

      Recently renovated office building in East Lansing, ideal for investors.
      1125 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • $599,000
      2,618 SF

      Student Housing Investment Opportunity

      Two fully leased student housing units near Michigan State University.
      539 Michigan Ave, East Lansing, MI 48823
      View Details
    • Contact for pricing
      16,720 SF

      Class A Office Space Available

      Class A office building with suites available near US-127.
      139 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      14,564 SF

      East Lansing Retail Building For Sale

      14,564 SF free-standing building in East Lansing, Michigan.
      111 E Saginaw St, East Lansing, MI 48823
      View Details
    • Contact for pricing
      8,000 SF

      East Lansing Office Space Available

      Office suite for sale in East Lansing near MSU.
      740 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      14,912 SF

      East Lansing Office Suite For Sale

      Well-appointed office suite in East Lansing's Watertower Place Office Park.
      1675 Watertower Pl, East Lansing, MI 48823
      View Details
    • $2,000,000
      18,607 SF

      Class A Office Space

      Prestigious office space with large windows, convenient location.
      2900 West Rd, East Lansing, MI 48823
      View Details

    FAQs

    What type of property is this?
    Office space - Finely finished 875 SF office condo with furnishings included.
    Where is this office space located?
    The property is located at 1401 E Lansing Dr, Unit 104 East Lansing, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Updated office condo; - Furnishings included; - 875 SF of finely finished office space
    (517) 487-9222
    Request Owner's contact information
    1401 E Lansing Dr, Unit 104 East Lansing, MI 48823
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 E Lansing Dr, Unit 104
    East Lansing, MI 48823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 E Lansing Dr, Unit 104 East Lansing, MI 48823
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeffrey Branch
    Real Estate License ID: #6501399259
    (517) 487-9222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.