Financial
Distress signals
Property profile

4500 Empire Way Lansing, MI 48917

FOR LEASE
Industrial properties
Property ID
US43-2128199
41,900 SF 2.28 ac lot Built 1989
Last sale Nov 2022 · $2,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$54k
Tax billed · 2023
Assessed value · 2024$894k
Effective rate6.05%

Value estimate

· Sep 2026
$2.83M
$2.55M – $3.11M
NOI build-up
Gross scheduled income$440k
Vacancy & credit loss−$40k
Operating expenses−$120k
NOI · 2,947,421.05% cap applied$280k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2,947,421.05%
$280k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NONE
JurisdictionEATON

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility8.5
Furniture Store8.4
Garden Center8.4

Location

4500 Empire Way Lansing, MI 48917
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2231 Willow, Lansing, MI 48917-1848 $930,000 Jan 2026 20,703 SF
406 Lentz, Lansing, MI 48917-3701 $355,000 Oct 2024 12,684 SF
4800 Canal, Lansing, MI 48917-9542 $300,000 May 2023 36,000 SF
2290 Canal, Lansing, MI 48917-8592 $24,785,202 Feb 2023 147,234 SF
3524 Canal, Lansing, MI 48917-8586 $3,950,000 Oct 2021 60,000 SF
425 Lentz, Lansing, MI 48917-3702 $240,000 Jan 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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