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111 S Waverly Rd, Lansing, MI 48917
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Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID
US43-1572232
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1967
Total area
11,155 SF
Lot
1.54 ac (66,995 SF)
Zoning code
E LOCAL
APN
33-21-01-18-301-040
UPID
US43-1572232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$420k
Owner & transaction history
Zoning & alternative use
E LOCAL · Lansing, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Estimated value / SF
$38 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,155 SF
Lot area
1.54 ac
Year built
1967
Stories
2
APN
33-21-01-18-301-040
Assessed value
$496,800
Annual tax
$28,862
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$28,862
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$612k
Range $612k – $1.49M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
13.87%
Selected cap rate for this banks
Derived from the Lansing market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$104k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$750k
Move the market yield to see immediate price impact.
Value / SF
$67
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
13.37%13.87%14.37%
$94k
$700k
$675k
$651k
$104k
$778k
$750k
$724k
$114k
$856k
$825k
$796k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$28,862
Tax year 2022
Assessed value
$496,800
Assessed 2023
Previous assessed
$435,300
+14.1% YoY
Effective rate
5.81%
On assessed value
Assessed land
$71,900
Assessed improvement
$424,900
Land market value
$143,800
Improvement market value
$849,800
Total market value
$993,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1967
Heating
YES
Stories
2
Total area
11,155 SF
Lot
1.54 ac (66,995 SF)
Zoning code
E LOCAL
APN
33-21-01-18-301-040
UPID
US43-1572232
Jurisdiction
INGHAM
Zoning & alternative use
E LOCAL · Lansing, MIZoning E LOCAL · permitted uses
E LOCAL · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1967
Heating
YES
Stories
2
Lot
1.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
E LOCAL
Jurisdiction
Lansing, MI
Recorded code
E LOCAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for E LOCAL in Lansing, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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