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    Property profile & analytics

    615 Capitol Ave Lansing, MI 48933

    • Office buildings
    • 11,098 SF
    • 0.49 lot acres
    For Sale
    View listing
    $975,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-1049996
    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

    • KennelPro / Dog Day Care Center
    • Kennel Pro Insurance / Insurance Agency

    Property Details for 615 Capitol Ave

    Year built
    1912
    Lot size
    0.49 lot acres
    Property size
    11,098 SF
    Zone code
    D-1 PRO
    Property type
    Office buildings
    APN
    33-01-01-16-127-101
    APU
    33010116127101

    Description

    This meticulously restored 1912, three-story Class B office building offers 11,098 square feet of classically finished space. Located at 615 N Capitol Ave in Lansing, Michigan, this owner-user opportunity boasts 14 private offices, a formal reception area, open office space, ground floor meeting and conference rooms, a kitchenette, and ample basement storage. The high-profile site provides excellent visibility and accessibility via three roads, along with convenient private parking and an additional 0.25-acre overflow parking lot. Situated across from the Lansing Community College Administration Building and a short 11-minute walk from the State Capitol, this property benefits from a prime downtown location. The 0.74-acre lot is zoned DT-1. Building renovations were completed in 1994. The asking price is $975,000. This exceptional property presents a unique blend of historic charm and modern functionality.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $485,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $460,000
      Mixed-Use
      $540,000
      Hospitality
      $480,000
      Educational
      $535,000
      Residential Income
      $510,000
      Energy
      $475,000
      Income-Based Land
      $405,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5543
    Latitude
    42.7403
    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
    $28,586
    $105,800
    $493,900
    $599,700
    -
    $211,600
    $987,800
    $1,199,400

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      120 Washington Sq

      OFFICE BUILDING • 157,548 SF
      120 Washington Sq, Lansing, MI 48933-1617
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    • Value Estimation by Request
      152,394 SF

      201 Townsend St Fl, Unit 3

      OFFICE BUILDING • 152,394 SF
      201 Townsend St Fl, Lansing, MI 48933-1554
      View Details
    • Value Estimation by Request
      225,000 SF

      100 Capitol Ave

      OFFICE BUILDING • 225,000 SF
      100 Capitol Ave, Lansing, MI 48933-1363
      View Details
    • Value Estimation by Request
      13,072 SF

      505 Capitol Ave

      OFFICE BUILDING • 13,072 SF
      505 Capitol Ave, Lansing, MI 48933-1209
      View Details
    • Value Estimation by Request
      17,364 SF

      214 Shiawassee St

      OFFICE BUILDING • 17,364 SF
      214 Shiawassee St, Lansing, MI 48933
      View Details

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    615 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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