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Property profile & analytics
OFF-MARKET
Warehouses

3850 Circle Dr Lansing, MI 48911

8,360 SF 0.77 ac lot Built 1996
Property ID
Property summary
AI-generated overview

This Lansing, MI industrial property offers a unique investment opportunity. Priced at $400,000, this 8,360 square foot property includes a 5,760 square foot hangar/warehouse and a 2,600 square foot office building. The warehouse features 15'9" ceilings, two dock-high doors, and a 14' x 12' grade-level door. The office space boasts heating and air conditioning, multiple offices, a conference room, kitchenette, reception area, and two restrooms. The property also includes a fenced-in outdoor storage area. Built in 1996 (warehouse built in 1968, office in 1966), the property sits on a 0.77-acre lot and is zoned H-Light Industrial. The sale includes the leasehold estate with Capital Region Airport Authority (CRAA). The property is currently vacant and is ideally suited for aviation-related uses. The annual lease payment is approximately $9,435. This property presents a compelling opportunity for investors seeking a versatile industrial space with significant potential. The property is located at 3850 Circle Drive, Lansing, MI 48911.

Property profile
Verified
Property type Warehouses
Year built 1996
Total area 8,360 SF
Lot 0.77 ac (33,541 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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