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Property profile & analytics
OFF-MARKET
Warehouses

3850 Circle Dr Lansing, MI 48911

8,360 SF
Property ID
Property summary
AI-generated overview

This exceptional 8,360-square-foot property at 3850 Circle Drive in Lansing, Michigan, presents a unique investment opportunity. The building is zoned H-Light Industrial and features a blend of executive office space and warehouse facilities, making it ideal for a variety of uses. Currently entirely vacant, the property offers immediate occupancy. A significant advantage is the inclusion of a substantial fenced-in outside storage area, providing ample space for equipment or materials. The 0.77-acre lot provides ample room for expansion or additional development. The sale includes a leasehold estate with the Capital Region Airport Authority (CRAA), with an annual lease payment of approximately $9,435, or roughly $786 per month. While the seller is seeking an aviation-related use for a lease or purchase, other uses may be considered. The long-term ground lease with the CRAA may require extension depending on the intended use. This property is located in Lansing, MI, 48911, and offers a compelling combination of office, warehouse, and outdoor storage space, making it an attractive option for businesses seeking a versatile and strategically located facility. The property's size and location near the Capital Region Airport Authority present significant potential for growth and development. Serious inquiries are encouraged.

Property profile
Verified
Property type Warehouses
Total area 8,360 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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