Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1701 Turner Rd Lansing, MI 48906
    Back to Search
    Property profile & analytics

    1701 Turner Rd, Lansing, MI 48906

    View on Map
    • Retail properties & Spaces
    • 2,705 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1701 Turner Rd

    Year built
    1948
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 2,705 square foot freestanding retail/office building in Lansing, Michigan, is available for $180,000 ($66.54/sq ft). Located at 1701 Turner Rd, 48906, this single-tenant property sits on a 2,705 sq ft lot and is conveniently located just north of Old Town, directly across from Golden Harvest Restaurant. Built in 1948, the one-story building features a high-efficiency HVAC system with spiral ductwork and an open ceiling concept. Recent updates include new accessible restrooms, large glass doors and windows providing ample natural light. The property includes its own paved parking lot, supplemented by readily available street parking. Zoned H - Light Industrial, this versatile space is perfect for a variety of uses, including restaurant, retail, or office. The property is currently vacant, offering a blank canvas for customization to suit your business needs. The APN is 01-01-09-205-051.

    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
    -84.5498
    Latitude
    42.7528

    Comparable in this City

    • Value Estimation by Request
      15,000 SF

      15851 Old Us 27

      Office Spaces
      15851 Old Us 27, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      8,270 SF

      527 César E Chávez Ave

      Individual retail properties
      527 César E Chávez Ave, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      2,000 SF

      327 César E Chávez Ave

      Restaurants
      327 César E Chávez Ave, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      28,380 SF

      502 César E Chávez Ave

      Restaurants
      502 César E Chávez Ave, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      12,000 SF

      2000 Larch St

      Neighborhood centers
      2000 Larch St, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      9,600 SF

      1601 César E Chávez Ave

      Office Spaces
      1601 César E Chávez Ave, Lansing, MI 48906
      View Details

    Similar Nearby for Sale

    • $150,000

      Versatile Commercial Property in Lansing

      2,557 SF building on 0.558 acres, high-traffic location.
      719 North Larch St, Lansing, MI 48906
      View Details
    • $1,800,000

      Old Town Office/Retail Space

      Prime Old Town location with office and retail space available.
      1213 Center St, Lansing, MI 48906
      View Details
    • $109,000
      800 SF

      Garage with Office Space

      Commercial property featuring a garage, office space, and large lot.
      16120 Old U.s 27, Lansing, MI 48906
      View Details
    • Contact for pricing
      1,380 SF

      Freestanding Retail Building with Drive-Thru

      1,380 SF building on 0.87 acres, suitable for various uses.
      5101 N Grand River Ave, Lansing, MI 48906
      View Details
    • Contact for pricing
      2,727 SF

      Mixed-Use Building in Old Town

      2,727 SF mixed-use property in Old Town Lansing.
      1031 N Washington Ave, Lansing, MI 48906
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      28,380 SF

      Lansing Old Town Retail Space

      Historic building, prime location, 909 sq ft.
      502 César E Chávez Ave, Lansing, MI 48906
      View Details
    • $15 SF/Yr
      2,000 SF

      Downtown Lansing Bar - Turnkey Opportunity

      Historic Old Town, Established Bar, 2000 sq ft
      327 César E Chávez Ave, Lansing, MI 48906
      View Details
    • $14 SF/Yr
      9,600 SF

      Lansing Office Space: Golf Course Views

      Prime Lansing office space, stunning golf course views.
      1601 César E Chávez Ave, Lansing, MI 48906
      View Details
    • $2,000 /Mo
      2,580 SF

      Commercial Building on Busy Corner

      Commercial building on a busy corner in Lansing, Michigan.
      1405 E Chavez Ave, Lansing, MI 48906
      View Details
    • Contact for pricing

      Prime Old Town Office/Retail Space

      Renovated office/retail space in prime Old Town location.
      1213 Center St, Lansing, MI 48906
      View Details
    • Contact for pricing

      High Visibility Lansing Office Building

      Two-story office building with investment income and owner-user potential.
      741 N Cedar St, Lansing, MI 48906
      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.
    1701 Turner Rd
    Lansing, MI 48906
    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

    Thank You for Inquiry
    1701 Turner Rd, Lansing, MI, 48906
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!