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Property profile & analytics
OFF-MARKET
Retail space
120 Cesar E Chavez Ave 1, Lansing, MI 48906-4847
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-4209961
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
1,100 SF
Lot
0.06 ac (2,657 SF)
Zoning code
F-1 COM
APN
33-01-01-09-401-091
UPID
US43-4209961
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
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
Aaron R Haywood · 8 yrs held
Aaron R Haywood
since 2018
5 recorded transactions
Zoning & alternative use
F-1 COM · 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
$2,685
Tax year 2020
Assessed value
$47,700
Assessed 2023
Previous assessed
$48,900
-2.5% YoY
Effective rate
5.63%
On assessed value
Assessed land
$7,900
Assessed improvement
$39,800
Land market value
$15,800
Improvement market value
$79,600
Total market value
$95,400
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
1925
Heating
YES
Stories
1
Bathrooms
1
Total area
1,100 SF
Lot
0.06 ac (2,657 SF)
Zoning code
F-1 COM
APN
33-01-01-09-401-091
UPID
US43-4209961
Jurisdiction
INGHAM
Zoning & alternative use
F-1 COM · Lansing, MI
Zoning F-1 COM · permitted uses
F-1 COM · 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
1925
Heating
YES
Stories
1
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Aaron R Haywood
Individual
Mailing address
1434 PNE CRK RD, MANISTEE, MI 49660-9461
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2018
—
Aaron R Haywood
Lawler,george V & Melissa M
Quit Claim Deed
related
$97,698 · Mortgage Express/america
Mar 27, 2008
$132,598
George V Lawler JR.
Rose Acceptance INC
Warranty Deed
—
Aug 17, 2007
$123,449
Rose Acceptance INC
Sheriff Of Ingham County
Trustees Deed
—
—
—
Aaron R Haywood
—
Loan Modification
related
$119,273 · First National Bank America
—
—
Robert Haywood
—
Deed Of Trust
related
$20,000 · First National Bank America
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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