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Property profile & analytics
OFF-MARKET
Estimated value
$6,165,000
Office buildings
110 Michigan Ave 9 Lansing, MI 48933-1611
Entity Owned
17-yr Hold
Free & Clear
Property ID
US43-1612628
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
90,720 SF
Lot
0.19 ac (8,146 SF)
Zoning code
G-1 BUS
APN
33-01-01-16-183-012
UPID
US43-1612628
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Women's Commission Social Service Agency Charitable Organization
-
MDCR Lansing Corporate Office
-
Capitol Strategies Group Consultant Business Development Service
-
Capitol Services Corporation Government Office
-
Acuitas Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$6.17M
Owner & transaction history
Capital Tower LLC · 17 yrs held
Capital Tower LLC
since 2009
7 recorded transactions
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+5.7%
Auto repair, garage
$7.7M
+3.4%
Medical building
$7.7M
+3.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,485,000
Current use
RESTAURANT
$7,915,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,740,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$7,715,000
Change: +3% · Conversion: Easy
RETAIL STORES
$6,480,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$6.17M
Range $5.55M – $6.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$164,585
Tax year 2020
Assessed value
$3,296,100
Assessed 2023
Previous assessed
$3,265,400
+0.9% YoY
Effective rate
4.99%
On assessed value
Assessed land
$40,800
Assessed improvement
$3,255,300
Land market value
$81,600
Improvement market value
$6,510,600
Total market value
$6,592,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
ZONE
Stories
12
Total area
90,720 SF
Lot
0.19 ac (8,146 SF)
Zoning code
G-1 BUS
APN
33-01-01-16-183-012
UPID
US43-1612628
Jurisdiction
INGHAM
Zoning & alternative use
G-1 BUS · Lansing, MI
Zoning G-1 BUS · permitted uses
G-1 BUS · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
RESTAURANT
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$6.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
ZONE
Stories
12
Lot
0.19 ac
Current owner
From public records · entity-resolved
Capital Tower LLC
Entity
Free & Clear · 17 yrs held
Mailing address
110 W MICHIGAN AVE STE #750, LANSING, MI 48933-1375
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2009
—
Capital Tower LLC
Capital Associates LLC
Quit Claim Deed
—
—
—
Capital Tower LLC
—
Deed Of Trust
related
$3,637,500 · Huntington National Bank
—
—
Capital Center Associates LLC
—
Deed Of Trust
related
$2,775 · Huntington National Bank
—
—
Capital Tower LLC
—
Loan Modification
related
$3,188,005 · Maxco INC
—
—
Capital Center Associates LLC
—
Deed Of Trust
related
$5,761,333 · Maxco INC
—
—
Capital Tower LLC
—
Loan Modification
related
$4,100,000 · Huntington Nat'l Bk
—
—
Capital Tower LLC
—
Loan Modification
related
$50,000 · Huntington Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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