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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Strip malls
2250 Lk Lansing Rd Lansing, MI 48912-5668
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US43-1666971
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
7,638 SF
Lot
0.91 ac (39,640 SF)
Zoning code
PD
APN
33-21-01-02-302-006
UPID
US43-1666971
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
-
Biggby Coffee Cafe & Coffee Shop
-
J2 Tanning Eastwood Tanning Salon
-
Adventure Credit Union Credit Union
-
Supercuts Barber Shop
-
Milan Laser Hair Removal Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$540k
Owner & transaction history
Lake Lansing LLC · 21 yrs held
Lake Lansing LLC
since 2004
2 recorded transactions
Zoning & alternative use
PD · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$665,000
+36.0%
Auto repair, garage
$650,000
+33.0%
Medical building
$650,000
+32.5%
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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
RESTAURANT
$665,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +29% · Conversion: Moderate
RETAIL STORES
$545,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$480,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$71 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,671
Tax year 2022
Assessed value
$482,400
Assessed 2023
Previous assessed
$445,300
+8.3% YoY
Effective rate
4.91%
On assessed value
Assessed land
$196,000
Assessed improvement
$286,400
Land market value
$392,000
Improvement market value
$572,800
Total market value
$964,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
YES
Stories
1
Total area
7,638 SF
Lot
0.91 ac (39,640 SF)
Zoning code
PD
APN
33-21-01-02-302-006
UPID
US43-1666971
Jurisdiction
INGHAM
Zoning & alternative use
PD · Lansing, MIZoning PD · permitted uses
PD · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
RESTAURANT
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$650,000
MEDICAL BUILDING
Est. value
$650,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$545,000
INDUSTRIAL (GENERAL)
Est. value
$480,000
WAREHOUSE, STORAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
YES
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Lake Lansing LLC
Entity
Mailing address
2250 LK LANSING RD, LANSING, MI 48912-5668
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2004
$555,000
Lake Lansing LLC
Medlock Barbara J
Warranty Deed
related
—
—
—
Lake Lansing LLC
—
Deed Of Trust
related
$750,000 · Huntington National 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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