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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    140 Marketplace Blvd Lansing, MI 48917-7753

    • Showrooms
    • 56,659 SF
    • 5.96 lot acres
    OFF-MARKET
    Value Estimations
    $4,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2393600
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Furniture Row / Children'S Furniture Store / Mattress Store
    • Bedroom Expressions / Furniture Store
    • Denver Mattress / Mattress Store
    • Oak Express / Furniture Store / Bedroom Furniture Store

    Property Details for 140 Marketplace Blvd

    Year built
    2007
    Lot size
    5.96 lot acres
    Property size
    56,659 SF
    Zone code
    NONE
    Property type
    Showrooms
    APN
    040 016 100 315 00
    APU
    4001610031500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,039,000
      Market price range: $275k - $5.12M
      AI Estimate
      $5,517,000
      Market price range: $1.40M - $12.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,740,000
      Current use
      OFFICE BUILDING
      $7,025,000
      Change: +156% Conversion: Easy
      RESTAURANT
      $4,945,000
      Change: +80% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,835,000
      Change: +76% Conversion: Difficult
      MEDICAL BUILDING
      $4,820,000
      Change: +76% Conversion: Easy
      RETAIL STORES
      $4,045,000
      Change: +48% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,295,000
      Change: +20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.67
    Latitude
    42.7351
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $105,628
    $0.00
    $0.00
    $1,932,600
    -
    $0.00
    $0.00
    $3,865,200

    Comparable in this City

    • Value Estimation
      $2,630,000
      25,040 SF

      8520 Saginaw Hwy

      SHOW ROOM, WAREHOUSE • 25,040 SF
      8520 Saginaw Hwy, Lansing, MI 48917-8972
      View Details
    • Value Estimation by Request
      20,550 SF

      430 Marketplace Blvd

      Restaurants • 20,550 SF
      430 Marketplace Blvd, Lansing, MI 48917
      View Details
    • Value Estimation
      $1,100,000
      13,581 SF

      5912 Saginaw Hwy

      GROCERY, SUPERMARKET • 13,581 SF
      5912 Saginaw Hwy, Lansing, MI 48917-2461
      View Details
    • Value Estimation
      $8,180,000
      80,149 SF

      321 Marketplace Blvd

      RETAIL STORES (PERSONAL SERVICES) • 80,149 SF
      321 Marketplace Blvd, Lansing, MI 48917-7734
      View Details
    • Value Estimation
      $1,760,000
      21,619 SF

      644 Migaldi Ln

      GROCERY, SUPERMARKET • 21,619 SF
      644 Migaldi Ln, Lansing, MI 48917-7750
      View Details
    • Value Estimation by Request
      2,923 SF

      4800 Saginaw Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,923 SF
      4800 Saginaw Hwy, Lansing, MI 48917-2661
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,120 SF

      Granger Mall Retail Space

      Retail/office space in Granger Mall with immediate occupancy.
      408-426 Elmwood Dr, Lansing, MI 48917
      View Details
    • $750,000
      11,491 SF

      Retail Building For Sale

      Retail building with 11,491 square feet of space.
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    • $369,000
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      Lansing Retail/Office Investment Opportunity

      Versatile 6,200 SF building in a high-traffic Lansing location.
      3320 W Saginaw St, Lansing, MI 48917
      View Details
    • $1,950,000
      15,352 SF

      Retail Center on Saginaw Highway

      Retail center with high exposure in Lansing's west sub-market.
      6240 W Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space on High Traffic

      Retail space available on a high traffic corner.
      Lansing Mi, Lansing, MI 48917
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    • $1,295,000
      21,000 SF

      Retail Space in Lansing Mall Outlot

      Available retail space in high-visibility Lansing location.
      5206-5210 West Saginaw Hwy, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Lansing Retail Space - 6000 SF

      High-traffic retail building, ideal for restaurant or other uses.
      1601 S. Waverly Rd. Lansing, MI 48917, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      45,778 SF

      Lansing Retail Space - 45,778 SF

      High-traffic freestanding retail building, Lansing, MI.
      5216 Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing
      779,656 SF

      Lansing Mall Retail Spaces

      Prime Lansing retail, multiple spaces available.
      5330 Saginaw Hwy, Lansing, MI 48917
      View Details
    • $12 SF/Yr
      11,120 SF

      Lansing Retail Space: Granger Mall

      Prime Lansing storefront, multiple suites available.
      408-426 Elmwood Dr, Lansing, MI 48917
      View Details
    • $11 SF/Yr
      1,410 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-up window in C and N Plaza.
      3233 W Saginaw Hwy, Lansing, MI 48917
      View Details
    • $11 SF/Yr
      29,456 SF

      Retail Building on Saginaw Highway

      Freestanding retail building with high visibility and ample parking.
      6025 West Saginaw Hwy, Lansing, MI 48917
      View Details
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    140 Marketplace Blvd
    Lansing, MI 48917-7753
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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