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Property profile & analytics
OFF-MARKET
Warehouses
1300 Keystone Ave 28 Lansing, MI 48911-4036
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3593625
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
18,355 SF
Lot
1.18 ac (51,401 SF)
Zoning code
H LT IN
APN
33-01-05-03-402-001
UPID
US43-3593625
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
-
Williams Distributing Big Box & Wholesale Store Building Supply
-
Williams Kitchen & Bath Kitchen & Bath Showroom Furniture & Home Goods
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
Jc Capital Group LLC · 1 yrs held
Jc Capital Group LLC
since 2024
7 recorded transactions
Zoning & alternative use
H LT IN · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,935
Tax year 2023
Assessed value
$346,600
Assessed 2024
Previous assessed
$346,600
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$88,800
Assessed improvement
$257,800
Land market value
$177,600
Improvement market value
$515,600
Total market value
$693,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
YES
Stories
1
Total area
18,355 SF
Lot
1.18 ac (51,401 SF)
Zoning code
H LT IN
APN
33-01-05-03-402-001
UPID
US43-3593625
Jurisdiction
INGHAM
Zoning & alternative use
H LT IN · Lansing, MI
Zoning H LT IN · permitted uses
H LT IN · 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
1979
Heating
YES
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Jc Capital Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
400 RIO GRANDE BLVD NW, ALBUQUERQUE, NM 87104-1475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 9, 2024
—
Jc Capital Group LLC
Jc Capital Group LLC
Intrafamily Transfer
related
—
Sep 26, 2024
—
Jc Capital Group LLC
1300 Keystone LLC
Deed
$1,750,000 · First Merchants Bank
Jul 24, 2012
$150,000
Djv Properties LLC
Ingham Cnty Land Bk Fast Track
Warranty Deed
—
Jul 22, 2009
$74,418
Cnty Land Bk Fast Track Ingham
Ingham County
Quit Claim Deed
related
—
Jul 9, 2009
$74,418
County Of Ingham
Ingham County Treasurer
Quit Claim Deed
related
—
Jan 9, 2008
$757,037
Citizens Bank
Sheriff Of Ingham County
Trustees Deed
related
—
Jan 12, 2004
$820,000
Jonathan P Eyde
Aga Gas INC
Warranty Deed
$738,000 · Republic 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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