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Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Motels
2710 Lk Lansing Rd Lansing, MI 48912-3622
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1654789
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Total area
64,786 SF
Lot
4.48 ac (195,149 SF)
Zoning code
F COMME
APN
33-21-01-02-402-009
UPID
US43-1654789
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
-
The Bistro - starbucks Restaurant
-
2710 Lake Lansing Road Parking Parking Lot & Garage
-
Graham Banquet Center Hotel & Motel
-
Courtyard Lansing Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.25M
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$4.62M
Owner & transaction history
Essco Lansing LLC · 3 yrs held
Essco Lansing LLC
since 2023
4 recorded transactions
Zoning & alternative use
F COMME · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$6.1M
+133.0%
Restaurant
$5.6M
+114.0%
Retail stores
$5.1M
+94.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,685,000
6.5%
$5,250,000
7%
$4,875,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,095,000
Change: +133% · Conversion: Difficult
RESTAURANT
$5,600,000
Change: +114% · Conversion: Difficult
RETAIL STORES
$5,090,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$4,340,000
Change: +66% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,310,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$4,255,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,190,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±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
$252,607
Tax year 2022
Assessed value
$4,001,800
Assessed 2023
Previous assessed
$3,683,000
+8.7% YoY
Effective rate
6.31%
On assessed value
Assessed land
$990,000
Assessed improvement
$3,011,800
Land market value
$1,980,000
Improvement market value
$6,023,600
Total market value
$8,003,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Heating
HEAT PUMP
Buildings
3
Stories
2
Total area
64,786 SF
Lot
4.48 ac (195,149 SF)
Zoning code
F COMME
APN
33-21-01-02-402-009
UPID
US43-1654789
Jurisdiction
INGHAM
Zoning & alternative use
F COMME · Lansing, MIZoning F COMME · permitted uses
F COMME · 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
AUTO REPAIR, GARAGE
Est. value
$6.1M
RESTAURANT
Est. value
$5.6M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
HEAT PUMP
Stories
2
Buildings
3
Lot
4.48 ac
Current owner
From public records · entity-resolved
Essco Lansing LLC
Entity
Free & Clear · 3 yrs held
Mailing address
210 S OLD WOODWARD AVE STE #250, BIRMINGHAM, MI 48009-6169
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Essco Lansing LLC
Lansing Hotel Partners LP
Warranty Deed
—
Sep 29, 2017
—
Lansing Hotel Partners LP
Penn Investors IV LLC
Deed
—
—
—
Penn Investors IV LLC
—
Deed Of Trust
related
$5,161,250 · Citizens Federal Bank Fsb
—
—
Penn Investors IV LLC
—
Deed Of Trust
related
$5,161,250 · 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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