Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

16583 S Us Highway 27 Lansing, MI 48906

FOR SALE
Retail space
Property ID
US43-2383167
2,744 SF 0.23 ac lot Built 1950
Last sale Jun 2013
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Property summary

AI-generated overview

The property is a freestanding flex building totaling 2,744 square feet, configured as two separate units. Building improvements include a newer TPO roof, high-efficiency windows, updated siding, and a side commercial entrance. The interior layout is suited to a range of commercial uses, including retail, office, service, contractor, and flex/industrial applications, and a third income-producing space may be feasible subject to design and municipal approval. The building fronts the Old US-27…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2024$55k
Assessed land$20k
Assessed improvement$36k
Effective rate3.85%

Value estimate

· Nov 2026
$220k
$198k – $242k
AI approach$220k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$3k
Operating expenses−$8k
NOI · 10.02% cap applied$18k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$30 – $79
Qualifying comparables7

Cap rate analysis

How does the asset earn?
10.02%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BC
JurisdictionCLINTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.1
Restaurant15.2
Law Firm13.0

Location

16583 S Us Highway 27 Lansing, MI 48906
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
940 Cesar E Chavez, Lansing, MI 48906 $70,000 Mar 2025 3,120 SF
15820 Us Hwy 27, Lansing, MI 48906-6413 $200,000 Feb 2025 2,701 SF
4613 Grand Riv, Lansing, MI 48906-2535 $60,000 Jun 2024 3,000 SF
426 Maple, Lansing, MI 48906 $132,500 Apr 2023 3,043 SF
1221 Turner, Lansing, MI 48906-4377 $475,500 Jun 2022 3,106 SF
Lansing, MI 48906-3329 $87,000 Jan 2022 3,060 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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