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    707-739 Brookside Dr Lansing, MI 48917
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    707-739 Brookside Dr Lansing, MI 48917

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    • Neighborhood centers
    • 24,176 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 707-739 Brookside Dr

    Property size
    24,176 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Brookside Plaza, located at 707-739 Brookside Drive in Lansing, Michigan, presents a compelling investment opportunity in a thriving retail environment. This multi-tenant strip center totals 24,176 square feet and offers two available retail spaces for lease. Currently, 1,600 square feet are vacant, providing immediate potential for expansion or new tenancy. The property boasts ample parking with 170 spaces, ensuring convenient access for customers and employees. Situated in Eaton County, within Delta Township, this prime location benefits from high visibility and traffic flow along West Saginaw Highway. The property's classification as a commercial strip center makes it ideal for a variety of retail businesses seeking a well-established presence in a busy area. The existing infrastructure and ample parking provide a solid foundation for immediate occupancy and future growth. The combined square footage of the available spaces offers flexibility for businesses of varying sizes, or the potential for a single tenant to occupy the entire vacant space. This property is an excellent opportunity for investors seeking a strong return in a desirable retail market. The address is 707-739 Brookside Drive, Lansing, MI 48917.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6486
    Latitude
    42.7414

    Comparable in this City

    • Value Estimation by Request
      111,715 SF

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    • Value Estimation
      $625,000
      10,080 SF

      6235 Saginaw Hwy

      SHOPPING CENTER, STRIP CENTER • 10,080 SF
      6235 Saginaw Hwy, Lansing, MI 48917-2468
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    • Value Estimation
      $955,000
      15,359 SF

      6240 Saginaw Hwy

      SHOPPING CENTER, STRIP CENTER • 15,359 SF
      6240 Saginaw Hwy, Lansing, MI 48917-2467
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    • Value Estimation by Request
      5,436 SF

      404 Elmwood Rd

      SHOPPING CENTER, STRIP CENTER • 5,436 SF
      404 Elmwood Rd, Lansing, MI 48917-2653
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    • Value Estimation
      $730,000
      11,745 SF

      6001 Saginaw Hwy

      SHOPPING CENTER, STRIP CENTER • 11,745 SF
      6001 Saginaw Hwy, Lansing, MI 48917-2464
      View Details
    • Value Estimation by Request
      6,720 SF

      3205 Saginaw St

      SHOPPING CENTER, STRIP CENTER • 6,720 SF
      3205 Saginaw St, Lansing, MI 48917-5300
      View Details

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      707-739 Brookside Dr, Lansing, MI 48917
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      Lansing Retail Center For Sale

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    Similar Nearby for Lease

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      Retail Space with High Visibility

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      Marketplace Retail Space Available

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      Retail Space in Lansing Mall

      Prime retail spaces available in Lansing's key shopping destination.
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      4,000 SF

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    Lansing, MI 48917
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    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
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