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Property profile & analytics
OFF-MARKET
Distribution centers
1905 Washington Ave Lansing, MI 48910-9152
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1052529
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1941
Total area
11,772 SF
Lot
0.57 ac (24,829 SF)
Zoning code
F-1 COM
APN
33-01-01-21-455-003
UPID
US43-1052529
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
-
Lansing Electric Motors Electrical Service Auto Repair Shop
-
York Repair / Lansing Electric Motors Electrical Service Auto Repair Shop
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
1905 South LLC · 1 yrs held
1905 South LLC
since 2024
Last sale
$260,000
5 recorded transactions
Zoning & alternative use
F-1 COM · 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 2020Property tax & assessments
Tax year 2020
Tax billed
$9,295
Tax year 2020
Assessed value
$148,200
Assessed 2023
Previous assessed
$144,800
+2.3% YoY
Effective rate
6.27%
On assessed value
Assessed land
$17,800
Assessed improvement
$130,400
Land market value
$35,600
Improvement market value
$260,800
Total market value
$296,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1941
Heating
SPACE
Stories
1
Bathrooms
2
Total area
11,772 SF
Lot
0.57 ac (24,829 SF)
Zoning code
F-1 COM
APN
33-01-01-21-455-003
UPID
US43-1052529
Jurisdiction
INGHAM
Zoning & alternative use
F-1 COM · Lansing, MI
Zoning 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
Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Heating
SPACE
Stories
1
Bathrooms
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
1905 South LLC
Entity
Mailing address
240 S BRG ST STE #300, DEWITT, MI 48820-8912
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
Jul 29, 2024
$260,000
1905 South LLC
Preston Commercial Properties
Warranty Deed
—
Sep 29, 2021
$305,000
Preston Commercial Properties LLC
1905 Partners LLC
Warranty Deed
—
Jan 15, 2021
$220,000
1905 Partners Lc
Selby Ents LLC
Warranty Deed
—
—
—
Selby Ents LLC
—
Deed Of Trust
related
$219,879 · Fifth Third Bank Western Mi
—
—
Selby Ents LLC
—
Deed Of Trust
related
$147,303 · Citizens Federal Bank Fsb
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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