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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
1330 Diamond Reo Way 7 Lansing, MI 48910-1464
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US43-5294474
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
12,060 SF
Lot
2.06 ac (89,734 SF)
Zoning code
I HVY
APN
33-01-01-21-401-062
UPID
US43-5294474
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
-
The Macomb Group - Lansing Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$860k
Owner & transaction history
Mg-lansing Acquisitions Group · 19 yrs held
Mg-lansing Acquisitions Group
since 2007
6 recorded transactions
Zoning & alternative use
I HVY · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+50.0%
Auto repair, garage
$1.0M
+46.7%
Medical building
$1.0M
+46.2%
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
WAREHOUSE, STORAGE
$700,000
Current use
RESTAURANT
$1,050,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,030,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$1,025,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$755,000
Change: +8% · Conversion: Easy
RETAIL STORES
$725,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$71 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$35,477
Tax year 2022
Assessed value
$479,500
Assessed 2023
Previous assessed
$472,600
+1.5% YoY
Effective rate
7.40%
On assessed value
Assessed land
$63,600
Assessed improvement
$415,900
Land market value
$127,200
Improvement market value
$831,800
Total market value
$959,000
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
2008
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
12,060 SF
Lot
2.06 ac (89,734 SF)
Zoning code
I HVY
APN
33-01-01-21-401-062
UPID
US43-5294474
Jurisdiction
INGHAM
Zoning & alternative use
I HVY · Lansing, MI
Zoning I HVY · permitted uses
I HVY · 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
WAREHOUSE, STORAGE Current
Est. value
$700,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
INDUSTRIAL (GENERAL)
Est. value
$755,000
RETAIL STORES
Est. value
$725,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2008
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Mg-lansing Acquisitions Group
Entity
Mailing address
6600 15TH MILE RD, STERLING HEIGHTS, MI 48312-4512
Ownership since
2007
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 27, 2018
—
Mg-lansing Acquisitions Group
—
Deed
related
$900,000 · Comerica Bk
Feb 7, 2007
$470,000
Mg-lansing Acquisitions Group
Bertsch Real Estate
Warranty Deed
—
—
—
Mg-lansing Acquisitions Group
—
Loan Modification
related
$3,500,000 · Comerica Bk
—
—
Mg-lansing Acquisitions Group
—
Deed Of Trust
related
$884,000 · Comerica Bank
—
—
Mg-lansing Acquisitions Group
—
Deed Of Trust
related
$386,750 · Comerica Bank
—
—
Mg-lansing Acquisitions Group
—
Loan Modification
related
$900,000 · Comerica 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.
Try Rey
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