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Property profile & analytics
OFF-MARKET
Retail space
117 Kalamazoo St 6, Lansing, MI 48933-2137
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1985781
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1916
Total area
1,320 SF
Lot
0.04 ac (1,655 SF)
Zoning code
G-1 BUS
APN
33-01-01-16-405-161
UPID
US43-1985781
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
-
Michigan Film Industry Association Charitable Organization Social Service Agency
-
Edge Partnerships Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edge Ptshps Properties LLC · 14 yrs held
Edge Ptshps Properties LLC
since 2012
6 recorded transactions
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,250
Tax year 2020
Assessed value
$103,400
Assessed 2023
Previous assessed
$118,700
-12.9% YoY
Effective rate
7.01%
On assessed value
Assessed land
$8,300
Assessed improvement
$95,100
Land market value
$16,600
Improvement market value
$190,200
Total market value
$206,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1916
Heating
STEAM
Stories
2
Total area
1,320 SF
Lot
0.04 ac (1,655 SF)
Zoning code
G-1 BUS
APN
33-01-01-16-405-161
UPID
US43-1985781
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.
Building & site characteristics
From public records
Year built
1916
Heating
STEAM
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Edge Ptshps Properties LLC
Entity
Mailing address
117 E KALAMAZOO ST, LANSING, MI 48933-2137
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2017
—
Edge Partnerships Properties LLC
—
Deed
related
$250,000 · Capitol National Bank
Jan 5, 2012
$170,000
Edge Ptshps Properties LLC
Gramma Beas Properties LLC
Warranty Deed
—
Jun 13, 2005
$75,000
Gramma Beas Properties LLC
Wolverine Typewriter Co INC
Warranty Deed
$60,000 · Select Bank
—
—
Edge Partnerships Properties
—
Loan Modification
related
$136,900 · Capitol Nat'l Bk
—
—
Gramma Beas Properties LLC
—
Deed Of Trust
related
$64,962 · Dart Bank
—
—
Edge Ptshps Properties LLC
—
Deed Of Trust
related
$34,444 · Capitol National Bank
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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