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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Retail residential properties
1611 Kalamazoo St Lansing, MI 48912-2701
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-1871516
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1945
Total area
14,348 SF
APN
94-33-02-15-427-302
UPID
US43-1871516
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
-
Hobie's Catering Take-out & Catering Catering Service
-
Cooling Center General Contractor
-
Allen Neighborhood Center Charitable Organization Social Service Agency
-
517 Picnic Food Truck Restaurant
-
Nasi & Mee Malaysian Chinese Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.17M
Owner & transaction history
Allen Neighborhood Support Cor · 5 yrs held
Allen Neighborhood Support Cor
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+80.4%
Auto repair, garage
$1.2M
+76.4%
Medical building
$1.2M
+75.8%
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
RESTAURANT
$1,250,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,225,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,220,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$1,185,000
Change: +71% · Conversion: Easy
RETAIL STORES
$1,025,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$900,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$82 / 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
Assessed value
$2,165,200
Assessed 2023
Previous assessed
$1,844,000
+17.4% YoY
Assessed improvement
$2,165,200
Improvement market value
$4,330,400
Total market value
$4,330,400
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1945
Heating
YES
Buildings
3
Stories
2
Total area
14,348 SF
APN
94-33-02-15-427-302
UPID
US43-1871516
Jurisdiction
INGHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$900,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1945
Heating
YES
Stories
2
Buildings
3
Current owner
From public records · entity-resolved
Allen Neighborhood Support Cor
Individual
Free & Clear · 5 yrs held
Mailing address
1611 E KALAMAZOO ST, LANSING, MI 48912-2701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Allen Street Neighborhood Center
—
Deed
related
$500,000 · Inoham County
Aug 17, 2020
—
Allen Neighborhood Center Supp
—
Deed
related
$9,700,000 · Mmf Ddd Cde LLC
Aug 5, 2020
—
Allen Neighborhood Support Cor
Anc Holdings LLC
Warranty Deed
—
Sep 10, 2018
$1,000,001
Anc Holdings LLC
Eagle Peak LLC
Grant Deed
related
$1,000,001 · Shawn Liu
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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