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Property profile & analytics
OFF-MARKET
Outlet malls
2695 Eaton Rpds Rd, Lansing, MI 48911-6310
Trust Owned
5-yr Hold
Free & Clear
Property ID
US43-0978601
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Total area
9,289 SF
Lot
1.95 ac (84,986 SF)
Zoning code
C-2
APN
33-25-05-07-326-020
UPID
US43-0978601
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
Kymla,godfrey H & Muriel L Trust · 5 yrs held
Kymla,godfrey H & Muriel L Trust
since 2020
Last sale
$165,000
6 recorded transactions
Zoning & alternative use
C-2 · 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
$33,192
Tax year 2022
Assessed value
$536,700
Assessed 2023
Previous assessed
$482,900
+11.1% YoY
Effective rate
6.18%
On assessed value
Assessed land
$97,700
Assessed improvement
$439,000
Land market value
$195,400
Improvement market value
$878,000
Total market value
$1,073,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Heating
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
9,289 SF
Lot
1.95 ac (84,986 SF)
Zoning code
C-2
APN
33-25-05-07-326-020
UPID
US43-0978601
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Lansing, MI
Zoning C-2 · permitted uses
C-2 · 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
2020
Heating
YES
Stories
1
Rooms
5
Bathrooms
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Kymla,godfrey H & Muriel L Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1242 UPLAND HLS DR S, UPLAND, CA 91786-7804
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
—
Kymla,godfrey H & Muriel L Trust
Lansing Bts Retail LLC
Warranty Deed
related
—
Feb 27, 2020
$165,000
Lansing Bts Retail LLC
North Meridian Plaza LLC
Warranty Deed
$1,140,000 · Fifth Third Bank NA
Mar 29, 2018
—
North Meridian Plaza LLC
Ujf LLC
Warranty Deed
—
Dec 23, 2015
—
Ujf LLC
Safe Space West LLC
Warranty Deed
—
Jan 10, 2013
—
Nsc Lansing Vacant Land LLC
Safe Space West LLC
Grant Deed
—
Feb 7, 2007
—
V Nsc
Safe Space West LLC
Grant Deed
related
—
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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