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Property profile & analytics
OFF-MARKET
Auto shops
2910 Cedar St 1, Lansing, MI 48910-3033
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1119449
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1945
Total area
3,048 SF
Lot
0.27 ac (11,587 SF)
Zoning code
F COMM
APN
33-01-01-28-405-251
UPID
US43-1119449
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
3021 S Cedar LLC · 2 yrs held
3021 S Cedar LLC
since 2024
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
F COMM · 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
$4,543
Tax year 2020
Assessed value
$69,800
Assessed 2023
Previous assessed
$69,800
+0.0% YoY
Effective rate
6.51%
On assessed value
Assessed land
$23,200
Assessed improvement
$46,600
Land market value
$46,400
Improvement market value
$93,200
Total market value
$139,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1945
Heating
SPACE
Stories
1
Total area
3,048 SF
Lot
0.27 ac (11,587 SF)
Zoning code
F COMM
APN
33-01-01-28-405-251
UPID
US43-1119449
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MI
Zoning F COMM · permitted uses
F COMM · 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
1945
Heating
SPACE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
3021 S Cedar LLC
Entity
Mailing address
3021 S CEDAR ST, LANSING, MI 48910-3034
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$200,000
3021 S Cedar LLC
Jason Atkinson
Warranty Deed
$150,000 · Michigan State University FCU
Aug 14, 2020
—
Jason Atkinson
Brian T Mcnamara
Warranty Deed
—
Aug 14, 2020
$110,800
Brian T Mcnamara II
Maria Pearse
Warranty Deed
—
Aug 13, 2020
—
Brian T Mcnamara II
Joy C Pearse
Quit Claim Deed
related
—
Feb 13, 2014
$101,400
Richard S Pearse
Pearse,joy C
Quit Claim Deed
related
—
Feb 13, 2014
—
Joy C Pearse
Kolker,hope P
Quit Claim Deed
related
—
Mar 11, 2011
—
Joy C Pearce
Pearce,joy C
Quit Claim Deed
related
—
Oct 21, 2010
—
Brian T Mcnamara II
Pearse,joy C
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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