Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16180 National Pkwy Lansing, MI 48906-9114
    Back to Search
    Property profile & analytics

    16180 National Pkwy, Lansing, MI 48906-9114

    View on Map
    • Distribution centers
    • 14,800 SF
    • 2.91 lot acres
    Off-Market
    Property ID
    US43-2037501
    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.
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • UA / Advocacy Group
    • UA Plumbers and Pipefitters Local 333 Training Center / Training Center

    Property Details for 16180 National Pkwy

    Year built
    2000
    Lot size
    2.91 lot acres
    Zone code
    LI
    Property type
    Distribution centers
    APN
    150-185-000-007-00
    APU
    15018500000700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2024 — Plumbers & Pipefitters Local No 333 — Deed · related $2.8M · Independent Bank
    Apr 17, 2012 — Plumbers & Pipefitters Local #333 J Tigg LLC Warranty Deed $500k · Pnc Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $903,000
      Market price range: $455k - $1.21M
      AI Estimate
      $743,000
      Market price range: $374k - $1.09M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $825,000
      Current use
      RETAIL STORES
      $850,000
      Change: +3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $715,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Clinton
    State
    Michigan
    Longitude
    -84.6364
    Latitude
    42.7835
    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
    2022
    $21,630
    $56,900
    $403,700
    $460,600
    -
    $113,800
    $807,400
    $921,200

    Comparable in this City

    • Value Estimation by Request
      5,994 SF

      2230 Raymond Dr

      DISTRIBUTION WAREHOUSE
      2230 Raymond Dr, Lansing, MI 48906-3918
      View Details
    • Value Estimation
      $1,610,000
      24,840 SF

      16400 Felton Rd

      DISTRIBUTION WAREHOUSE
      16400 Felton Rd, Lansing, MI 48906-9116
      View Details
    • Value Estimation
      $1,560,000
      25,382 SF

      919 Filley St

      DISTRIBUTION WAREHOUSE
      919 Filley St, Lansing, MI 48906-2968
      View Details
    • Value Estimation by Request
      10,932 SF

      2210 Apollo Dr, Unit 17

      DISTRIBUTION WAREHOUSE
      2210 Apollo Dr, Lansing, MI 48906-2703
      View Details
    • Value Estimation by Request
      4,000 SF

      16215 National Pkwy

      DISTRIBUTION WAREHOUSE
      16215 National Pkwy, Lansing, MI 48906-9106
      View Details
    • Value Estimation by Request
      5,000 SF

      16800 Us Hwy 27

      DISTRIBUTION WAREHOUSE
      16800 Us Hwy 27, Lansing, MI 48906-5609
      View Details

    Similar Nearby for Sale

    • $49,900

      Gated Storage Lot For Sale

      Fully fenced storage lot with single car garage in Lansing.
      913 East Gier St, Lansing, MI 48906
      View Details
    • $750,000

      Lansing Industrial Property on Grand River

      Freestanding industrial building on 3.13 acres with expansion potential.
      4700 N Grand River Ave, Lansing, MI 48906
      View Details
    • Contact for pricing
      2,964 SF

      Lansing Commercial Warehouse & Office

      Versatile commercial property with office and warehouse space.
      1422 Vermont Ave, Lansing, MI 48906
      View Details
    • $525,000

      Upgraded Industrial Warehouse with Expansion Lot

      6,048 sq ft industrial warehouse with expansion potential in Lansing.
      720 Terminal Rd, Lansing, MI 48906
      View Details
    • Contact for pricing
      8,360 SF

      Warehouse/Office Space For Sale

      8,360 SF warehouse/office near Capital Region Airport.
      3850 Circle Dr, Lansing, MI 48906
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building Near Lake Lansing

      3260 sqft industrial building with easy highway access.
      2311 N High St, Lansing, MI 48906
      View Details
    • Contact for pricing
      4,284 SF

      Turn-Key Grow Facility For Lease

      Former State-licensed marijuana grow facility in Lansing available for lease.
      914 E Gier St, Lansing, MI 48906
      View Details
    • Contact for pricing

      Lansing Flex Space Available

      Updated flex space suitable for a variety of businesses.
      205 Bell St, Lansing, MI 48906
      View Details
    • Contact for pricing

      Industrial/Retail Space with Extra Land

      13,822 SF industrial building with expansion potential near airport.
      4700 N Grand River Ave, Lansing, MI 48906
      View Details
    • Contact for pricing

      Industrial Space on Lake Lansing

      Industrial space for lease with crane and fenced yard.
      1335 Lake Lansing Rd, Lansing, MI 48906
      View Details
    • Contact for pricing
      1,200 SF

      Industrial Space with Fenced Perimeter

      Industrial building with recent updates and fenced perimeter for rent.
      205 Bell St, Lansing, MI 48906
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16180 National Pkwy
    Lansing, MI 48906-9114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16180 National Pkwy, Lansing, MI, 48906
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!