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    620 Capitol Ave Lansing, MI 48933

    • Office buildings
    • 32,416 SF
    • 1.33 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US43-1202470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Compass Insurance Agency / Insurance Agency / Auto Insurance Agency
    • Michigan Manufacturers Association / Non-Profit Organization
    • MMA Service Corporation / Insurance Company
    • Michigan Federation-Children / Non-Profit Organization
    • Michigan Sheriffs' Association / Non-Profit Organization

    Property Details for 620 Capitol Ave

    Year built
    1993
    Lot size
    1.33 lot acres
    Property size
    32,416 SF
    Zone code
    D-1 PRO
    Property type
    Office buildings
    APN
    33-01-01-16-383-004
    APU
    33010116383004

    Description

    This exceptional sublease opportunity presents 1,450 square feet of Class A office space in a prestigious downtown Lansing location at 620 S. Capitol, near St. Joseph. Situated within a larger building totaling 32,416 square feet, this space is ideal for businesses seeking immediate occupancy. The building itself boasts a single, three-story structure constructed in 1993 and extensively renovated in 2021, ensuring modern amenities and a high-quality work environment. The property sits on 1.325 acres of land and is zoned D-1 PRO, offering flexibility for various business uses. Convenient on-site parking is available for tenants. The building features elevators for easy access to all three floors. This sublease offers a turnkey solution for businesses needing high-quality, readily available office space in a vibrant downtown setting. The multiple tenancy structure ensures a diverse and active building community. This is a rare opportunity to secure prime office space in a well-maintained, modern building with excellent accessibility and ample parking. Don't miss this chance to establish your business in a thriving downtown location. Contact us today to schedule a viewing and learn more about this exceptional sublease opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5549
    Latitude
    42.7268
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $102,019
    $283,900
    $2,236,000
    $2,519,900
    -
    $567,800
    $4,472,000
    $5,039,800

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      OFFICE BUILDING • 17,364 SF
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    620 Capitol Ave
    Lansing, MI 48933
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    Realmo Value Estimation

    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.

    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.

    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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