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Property profile & analytics
OFF-MARKET
Warehouses
1422 Lk Lansing Rd Lansing, MI 48912-3706
Individually Owned
8-yr Hold
Free & Clear
Property ID
US43-1378731
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Total area
6,560 SF
Lot
0.53 ac (23,087 SF)
Zoning code
G GENER
APN
33-21-01-03-402-011
UPID
US43-1378731
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
-
J & A Drain Cleaners Plumbing Service General Contractor
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
Stephen M Rivet · 8 yrs held
Stephen M Rivet
since 2017
5 recorded transactions
Zoning & alternative use
G GENER · Lansing, MI
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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,254
Tax year 2022
Assessed value
$109,600
Assessed 2023
Previous assessed
$105,100
+4.3% YoY
Effective rate
7.53%
On assessed value
Assessed land
$41,600
Assessed improvement
$68,000
Land market value
$83,200
Improvement market value
$136,000
Total market value
$219,200
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
1956
Heating
SPACE
Stories
1
Total area
6,560 SF
Lot
0.53 ac (23,087 SF)
Zoning code
G GENER
APN
33-21-01-03-402-011
UPID
US43-1378731
Jurisdiction
INGHAM
Zoning & alternative use
G GENER · Lansing, MIZoning G GENER · permitted uses
G GENER · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1956
Heating
SPACE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Stephen M Rivet
Individual
Free & Clear · 8 yrs held
Mailing address
1422 LK LANSING RD, LANSING, MI 48912-3706
Ownership since
2017
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
Nov 30, 2017
$165,000
Stephen M Rivet
Squires Family Trust
Warranty Deed
—
Nov 30, 2017
$176,000
Melling Partners LLC
Stephen M Rivert
Warranty Deed
$140,800 · Independent Bank
Mar 16, 2016
$5,670
Stephen M Rivet
Treasurer Of Ingham County
Grant Deed
—
Jul 6, 2010
—
Squires Family Trust
Squires,jerald L & Carol G
Quit Claim Deed
related
—
Feb 24, 2006
—
Adams Outdoor Advertising
Squires,jerald C
Grant Deed
related
—
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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