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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
1400 Keystone Ave 26, Lansing, MI 48911-4038
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-4772663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Total area
15,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
H LT IN
APN
33-01-05-03-401-172
UPID
US43-4772663
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 Polack Corporation Big Box & Wholesale Store
-
TPC Networks Telecommunications Service Mobile Phone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$837k
Blend (final)
Blend
$1.01M
Owner & transaction history
Rockdale LLC · 4 yrs held
Rockdale LLC
since 2021
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+5.7%
Auto repair, garage
$1.3M
+3.4%
Medical building
$1.3M
+3.1%
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
$1,000,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,240,000
Current use
RESTAURANT
$1,310,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,280,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +3% · Conversion: Easy
RETAIL STORES
$1,070,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.01M (Sep 23 2021)
Last sale anchor
$1.01M
Sep 23 2021
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
$67 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$18,612
Tax year 2020
Assessed value
$549,600
Assessed 2023
Previous assessed
$445,600
+23.3% YoY
Effective rate
3.39%
On assessed value
Assessed land
$105,100
Assessed improvement
$444,500
Land market value
$210,200
Improvement market value
$889,000
Total market value
$1,099,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Heating
YES
Stories
1
Bathrooms
2
Total area
15,000 SF
Lot
1.22 ac (53,143 SF)
Zoning code
H LT IN
APN
33-01-05-03-401-172
UPID
US43-4772663
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1966
Heating
YES
Stories
1
Bathrooms
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Rockdale LLC
Entity
Mailing address
4124 W ST JOE HWY, LANSING, MI 48917-5205
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$1,007,000
Rockdale LLC
Polack Brothers Development LLC
Warranty Deed
$755,250 · Commercial Bank
Nov 20, 2007
$750,000
Polack Brothers Dev LLC
Polack Brothers Leasing
Warranty Deed
$750,000 · Polack Brothers Leasing
Aug 26, 2005
$10,000
Jerry D Sawyers
Polack Brothers Leasing
Warranty Deed
—
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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