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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Banks
1901 Michigan Ave 19 Lansing, MI 48912-2844
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0064655
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1955
Total area
4,059 SF
Lot
0.14 ac (5,924 SF)
Zoning code
F-1 COM
APN
33-01-01-15-281-051
UPID
US43-0064655
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
-
Security - Login - ASECU Board Site Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$440k
Owner & transaction history
1901 E Michigan Partners LLC · 1 yrs held
1901 E Michigan Partners LLC
since 2024
Last sale
$440,000
5 recorded transactions
Zoning & alternative use
F-1 COM · Lansing, MI
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
$440,000
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$440k
Range $396k – $484k · ±10% · vs last sale $440k (Dec 30 2024)
Last sale anchor
$440k
Dec 30 2024
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
$108 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$8,888
Tax year 2020
Assessed value
$235,900
Assessed 2023
Previous assessed
$197,800
+19.3% YoY
Effective rate
3.77%
On assessed value
Assessed land
$20,800
Assessed improvement
$215,100
Land market value
$41,600
Improvement market value
$430,200
Total market value
$471,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1955
Heating
YES
Stories
1
Total area
4,059 SF
Lot
0.14 ac (5,924 SF)
Zoning code
F-1 COM
APN
33-01-01-15-281-051
UPID
US43-0064655
Jurisdiction
INGHAM
Zoning & alternative use
F-1 COM · Lansing, MIZoning F-1 COM · permitted uses
F-1 COM · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1955
Heating
YES
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
1901 E Michigan Partners LLC
Entity
Mailing address
1901 E MICHIGAN AVE, LANSING, MI 48912-2844
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$440,000
1901 E Michigan Partners LLC
Michigan State Univeristy FCU
Deed
$352,000 · County National Bank
Jul 8, 2024
—
Michigan State University FCU
Michigan State University FCU
Intrafamily Transfer
related
—
Jun 9, 2006
$380,000
Gabriels Community Cu
Diversified Mtg Finance INC
Warranty Deed
—
Jun 9, 2006
—
Diversified Mtg Finance INC
Stetor,elizabeth
Quit Claim Deed
related
—
—
—
Diversified Mtg Finance INC
—
Deed Of Trust
related
$1,000,000 · Northpointe 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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