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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
16203 Us Hwy 27, Lansing, MI 48906-5634
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2382191
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1946
Construction
STEEL FRAME
Total area
3,456 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BC
APN
050-034-200-126-00
UPID
US43-2382191
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
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
Singh Beverage 2 LLC · 1 yrs held
Singh Beverage 2 LLC
since 2025
Last sale
$290,000
4 recorded transactions
Zoning & alternative use
BC · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,459
Tax year 2022
Assessed value
$102,600
Assessed 2024
Previous assessed
$110,700
-7.3% YoY
Effective rate
4.35%
On assessed value
Assessed land
$18,700
Assessed improvement
$83,900
Land market value
$37,400
Improvement market value
$167,800
Total market value
$205,200
Applied tax rate
50.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1946
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
3,456 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BC
APN
050-034-200-126-00
UPID
US43-2382191
Jurisdiction
CLINTON
Zoning & alternative use
BC · Lansing, MI
Zoning BC · permitted uses
BC · 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.
Building & site characteristics
From public records
Year built
1946
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Singh Beverage 2 LLC
Entity
Mailing address
16203 S US HWY 27, LANSING, MI 48906-5634
Ownership since
2025
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
Apr 22, 2025
$290,000
Singh Beverage 2 LLC
Liberty 404 LLC
Warranty Deed
$805,460 · Ghotra Properties LLC
Jun 29, 2022
—
Liberty 404 LLC
—
Deed
related
$196,000 · Comerica Bank
Jun 24, 2022
—
Liberty 404 LLC
—
Deed
related
$196,000 · Comerica Bank
Oct 23, 2018
$115,000
Liberty 404 LLC
Shankow Shankow Enterprises INC
Warranty Deed
$218,260 · Tri County 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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