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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Manufacturing properties
1520 Lk Lansing Rd 6 Lansing, MI 48912-3707
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0196450
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
8,160 SF
Lot
1.49 ac (64,817 SF)
Zoning code
H INDUS
APN
33-21-01-03-402-013
UPID
US43-0196450
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
-
Aurora Specialty Chemistries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$825k
Owner & transaction history
Moyle Property Management LLC · 6 yrs held
Moyle Property Management LLC
since 2019
3 recorded transactions
Zoning & alternative use
H INDUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+39.1%
Auto repair, garage
$695,000
+36.0%
Medical building
$695,000
+35.6%
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%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$510,000
Current use
RESTAURANT
$710,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$695,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$101 / 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
$17,795
Tax year 2022
Assessed value
$214,600
Assessed 2023
Previous assessed
$211,900
+1.3% YoY
Effective rate
8.29%
On assessed value
Assessed land
$71,300
Assessed improvement
$143,300
Land market value
$142,600
Improvement market value
$286,600
Total market value
$429,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Stories
1
Total area
8,160 SF
Lot
1.49 ac (64,817 SF)
Zoning code
H INDUS
APN
33-21-01-03-402-013
UPID
US43-0196450
Jurisdiction
INGHAM
Zoning & alternative use
H INDUS · Lansing, MI
Zoning H INDUS · permitted uses
H INDUS · 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
INDUSTRIAL (GENERAL) Current
Est. value
$510,000
RESTAURANT
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$695,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
FORCED AIR
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Moyle Property Management LLC
Entity
Mailing address
1520 LK LANSING RD, LANSING, MI 48912-3707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Aug 27, 2019
—
Moyle Property Management LLC
Aurora Specialty Chemistries C
Quit Claim Deed
related
—
Jan 30, 2007
$6,000
Svcs L Environmental Marketing
Blue Ribbon Builders
Warranty Deed
—
—
—
Specialty Chemistries C Aurora
—
Deed Of Trust
related
$342,864 · Independent 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.
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