Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6998 Sagina Hwy Lansing, MI 48917
    Back to Search
    Property profile & analytics

    6998 Sagina Hwy, Lansing, MI 48917

    View on Map
    • Land
    • 15.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6998 Sagina Hwy

    Lot size
    15.00 lot acres
    Property type
    Land

    Description

    This exceptional 15-acre parcel, located at 6998 W. Sagina Highway in Lansing, Michigan, presents a significant development opportunity. Zoned O – Office under Delta Township Zoning, this property offers considerable flexibility for various commercial ventures. The expansive lot size provides ample space for substantial construction projects. The property's address is conveniently situated in Eaton County, with easy access to major transportation routes, enhancing its appeal for businesses seeking a strategic location. The two associated APNs are 23-040-010-400-050-00 and 23-040-010-400-045-00. This land is classified as residential, but its office zoning opens up a wide range of possibilities for developers seeking to build commercial properties. Given its size and zoning, this property is well-suited for a variety of commercial developments, making it an attractive investment for those seeking a prime location in a growing area. The property's geographic coordinates are 42.742028 latitude and -84.650809 longitude, providing precise location information for potential buyers. The zip code is 48917. This is a rare opportunity to acquire a large, strategically located parcel of land with significant development potential.

    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
    -84.6508
    Latitude
    42.742

    Comparable in this City

    • Value Estimation by Request
      4.56 Acres

      Waverly Rd

      Land
      0 Waverly Rd, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      71.86 Acres

      St. Joseph Hwy

      Land
      0 St. Joseph Hwy, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      1.03 Acres

      Northport Dr

      Land
      0 Northport Dr, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.79 Acres

      Thomas L Pkwy

      Land
      0 Thomas L Pkwy, Lansing, MI 48917
      View Details
    • Value Estimation by Request

      Thomas L Pkwy

      Land
      0 Thomas L Pkwy, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      38.00 Acres

      Pierson Hwy And Sanders Rd

      Land
      0 Pierson Hwy And Sanders Rd, Lansing, MI 48917
      View Details

    Similar Nearby for Sale

    • $7,186,000
      71.86 Acres

      Lansing Residential Land - 71.86 Acres

      Prime Lansing development land, 71.86 acres.
      0 St. Joseph Hwy, Lansing, MI 48917
      View Details
    • $275,000
      1,560 SF

      Two Homes on One Lot

      Two homes on one lot, investment or multi-generational living.
      215 Winifred Ave, Lansing, MI 48917
      View Details
    • Contact for pricing

      Prime Corner Development Opportunity

      1.34-acre corner parcel in Lansing, MI ready for redevelopment.
      302 S Waverly Rd, Lansing, MI 48917
      View Details
    • $108,900
      1.00 Acre

      Industrial Parcels in Established Park

      Six one-acre industrial parcels with utilities and highway access.
      Rickle St, Lansing, MI 48917
      View Details
    • Contact for pricing

      Prime Lansing Office Development Site

      Ready-to-develop office site in a thriving Lansing corridor.
      Cherbourg Dr & Michigan Ave, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land Near I-96

      4.98 acre industrial land parcel for lease near I-96.
      Ena Dr, Lansing, MI 48917
      View Details
    • Contact for pricing

      Industrial Land Development Opportunity

      Prime industrial land for build-to-suit facilities in Delta Township.
      5453 Pierson Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing

      Build-To-Suit Industrial Land

      Two-build industrial site with heavy industrial zoning for warehousing, logistics, or manufacturing with 22–26' clear heights.
      5453 Pierson Hwy, Lansing, MI 48917
      View Details
    • $14 SF/Yr
      5,035 SF

      Lansing Executive Office Suite

      1,003 SF Office Space Available
      526 Creyts Rd, Lansing, MI 48917
      View Details
    • Contact for pricing

      Office Space for Rent

      Strategically located office space with easy highway access.
      6500 Centurion Dr, Lansing, MI 48917
      View Details
    • Contact for pricing
      13,019 SF

      Versatile Industrial Space in Lansing

      Adaptable retail, industrial, and warehouse space with heavy-duty features.
      1340 S Waverly Rd, Lansing, MI 48917
      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.
    6998 Sagina Hwy
    Lansing, MI 48917
    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
    6998 Sagina Hwy, Lansing, MI, 48917
    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!