Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pierce Hwy. & Sanders Rd. Lansing, MI 48917 Lansing, MI 48917
    Back to Search
    Property profile & analytics

    Pierce Hwy. & Sanders Rd. Lansing, MI 48917, Lansing, MI 48917

    View on Map
    • Commercial land
    For Lease
    View Listing →
    Pierce Hwy. & Sanders Rd For Lease
    Contact for pricing

    Pierce Hwy. & Sanders Rd

    Land available

    Pierce Hwy. & Sanders Rd. Lansing, MI 48917, Lansing, MI 48917
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for Pierce Hwy. & Sanders Rd. Lansing, MI 48917

    Property type
    Commercial land

    Description

    Build to Suit Railroad Spur Available Close to General Motors' Facilities Ideal Location for Tier 1 & Tier 2 Suppliers This 38-acre site is located west of Old Lansing Rd on the outskirts of Lansing. Its close proximity to the new General Motors plants makes this ideal for Tier 1 and Tier 2 suppliers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    State
    Michigan
    Longitude
    -84.5557199
    Latitude
    42.7327

    Comparable in this City

    • Value Estimation by Request
      143.80 Acres

      Lansing, MI 48917

      INDUSTRIAL - VACANT LAND • 143.80 Acres
      Lansing, MI 48917
      View Details
    • Value Estimation by Request
      139,807.52 Acres

      Willow St

      INDUSTRIAL - VACANT LAND • 139,807.52 Acres
      Willow St, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.13 Acres

      92 Ionia St

      INDUSTRIAL - VACANT LAND • 0.13 Acres
      92 Ionia St, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.21 Acres

      3132 Ionia St

      INDUSTRIAL - VACANT LAND • 0.21 Acres
      3132 Ionia St, Lansing, MI 48917-2958
      View Details
    • Value Estimation by Request
      15.27 Acres

      Michigan Ave

      INDUSTRIAL - VACANT LAND • 15.27 Acres
      Michigan Ave, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.26 Acres

      Ionia St

      INDUSTRIAL - VACANT LAND • 0.26 Acres
      Ionia St, Lansing, MI 48917
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land in Delta Township

      74-acre industrial site with interstate access in Lansing, Michigan.
      6638 Millett Hwy, Lansing, MI 48917
      View Details
    • $108,900
      1.01 Acres

      Lansing Industrial Parcels For Sale

      Six one-acre industrial parcels in established park with utilities.
      Rickle St, Lansing, MI 48917
      View Details
    • $108,900
      1.00 Acre

      Lansing Industrial Parcels For Sale

      Six one-acre industrial parcels in established park with utilities.
      Rickle St, Lansing, MI 48917
      View Details
    • $399,000

      Industrial Land For Sale

      6.69 acres of heavy industrial land in Lansing.
      3417 West Saint Joseph St, Lansing, MI 48917
      View Details
    • Contact for pricing

      West Lansing Development Opportunity

      Industrial land for sale near General Motors and major freeways.
      Pierson Hwy And Sanders 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

    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
    • $15 SF/Yr
      10,132 SF

      Lansing Office Space: 915 Centennial Way

      Prime Lansing Office Suites Available
      915 Centennial Way, Lansing, MI 48917
      View Details
    • $2,340 /Mo
      1,870 SF

      Lansing Office Suite For Lease

      Second-floor office suite with flexible space and ample parking.
      5123 St Joe Hwy W, Lansing, MI 48917
      View Details
    • Contact for pricing
      17,362 SF

      Lansing Office Space Available

      Up to 10,239 SF of office space for rent.
      6607 W St Joe Hwy, Lansing, MI 48917
      View Details
    • $12 SF/Yr
      1,508 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-up window in C and N Plaza.
      3233 W Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing

      Retail Space in Granger Mall

      Retail suite available for immediate occupancy in Granger mall.
      408-426 Elmwood Dr, Lansing, MI 48917
      View Details
    View Listing
    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.
    Pierce Hwy. & Sanders Rd. Lansing, MI 48917
    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
    Pierce Hwy. & Sanders Rd. Lansing, MI 48917, 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!