Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2101 David St Lansing, MI 48912

    • Office Properties & Spaces
    • 11,648 SF
    • 1.61 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2101 David St

    Year built
    1970
    Lot size
    1.61 lot acres
    Property size
    11,648 SF
    Property type
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5245
    Latitude
    42.7556

    Comparable in this City

    • Value Estimation by Request
      5,747 SF

      1433 Michigan Ave

      Medical offices • 5,747 SF
      1433 Michigan Ave, Lansing, MI 48912
      View Details
    • Value Estimation by Request

      3165 Michigan Ave

      Restaurants
      3165 Michigan Ave, Lansing, MI 48912
      View Details
    • Value Estimation by Request
      5,747 SF

      1433 Michigan Ave

      Medical offices • 5,747 SF
      1433 Michigan Ave, Lansing, MI 48912
      View Details
    • Value Estimation by Request
      6,162 SF

      416 Homer St

      Office Properties & Spaces • 6,162 SF
      416 Homer St, Lansing, MI 48912
      View Details
    • Value Estimation by Request

      2222 Michigan Ave

      Restaurants
      2222 Michigan Ave, Lansing, MI 48912
      View Details
    • Value Estimation by Request
      16,088 SF

      Michigan Ave

      Multifamily properties • 16,088 SF
      0 Michigan Ave, Lansing, MI 48912
      View Details

    Similar Nearby for Sale

    • $1,600,000
      49,700 SF

      The Penn Building

      Distribution properties • 49,700 SF
      1115 Pennsylvania Ave, Lansing, MI 48912
      View Details
    • $995,000
      11,648 SF

      Lansing Office & Warehouse Complex

      Prime Lansing location, office & warehouse space.
      2101 David St, Lansing, MI 48912
      View Details
    • $599,000
      5,747 SF

      Lansing Medical Office Building

      Prime Medical Office, Redevelopment Opportunity
      1433 Michigan Ave, Lansing, MI 48912
      View Details
    • Contact for pricing
      6,162 SF

      Professional Office Building Near Frandor

      Single-story office building with suites available near Frandor area.
      416 N Homer St, Lansing, MI 48912
      View Details
    • $50,000
      0.37 Acres

      Lansing Commercial Land: Prime Location

      0.366-acre lot, ready for development.
      1000 Saginaw St, Lansing, MI 48912
      View Details
    • $395,000
      1,698 SF

      Turn-Key Auto Repair Shop Opportunity

      Established auto repair shop for sale on Lansing's busiest corridor.
      2320 East Saginaw St, Lansing, MI 48912
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      120,000 SF

      Frandor Plus Executive Office Space

      Prime Ingham County Office Suite Available
      3315 Michigan Ave, Lansing, MI 48912
      View Details
    • $12 SF/Yr
      15,960 SF

      Frandor Shopping Center: Lansing Retail Space

      Prime Lansing retail space, multiple units available.
      300 Frandor Ave, Lansing, MI 48912
      View Details
    • $15 SF/Yr
      4,100 SF

      Grand River Ave Office Space

      4,100 SF Office/Retail Space Available
      2800 Grand River Ave, Lansing, MI 48912
      View Details
    • $20 SF/Yr
      16,570 SF

      Lansing Office Space: Kerry Street

      Prime Lansing Office, Excellent Location
      2500 Kerry St, Lansing, MI 48912
      View Details
    • $15 SF/Yr
      6,162 SF

      Lansing Office Space: Prime Location

      Class A Office, 1,274 sq ft Available
      416 Homer St, Lansing, MI 48912
      View Details
    • Contact for pricing
      4,701 SF

      Downtown Lansing Loft Office Space

      Two-story loft office in downtown Lansing with gated parking.
      119 Pere Marquette Dr, Lansing, MI 48912
      View Details
    Request Owner's contact information
    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.
    2101 David St
    Lansing, MI 48912
    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
    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

    Google sign-in failed. Please try again or use another login method.