New search
Property profile & analytics
OFF-MARKET
Office buildings
3132 Pennsylvania Ave 23, Lansing, MI 48910-3460
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1119616
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Total area
1,683 SF
Lot
0.18 ac (7,667 SF)
Zoning code
D-1 PRO
APN
33-01-01-27-354-201
UPID
US43-1119616
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
-
Superior Compliance Consulting Business Management Consultant
-
Darrean Dunn - State Farm Insurance Agent Insurance Agency
-
Superior Data Strategies IT Consulting Firm (Bike/Boat/Book/etc) Store
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
Darrean A Dunn Ins Aency INC · 4 yrs held
Darrean A Dunn Ins Aency INC
since 2021
Last sale
$120,000
6 recorded transactions
Zoning & alternative use
D-1 PRO · 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
$4,486
Tax year 2020
Assessed value
$79,600
Assessed 2023
Previous assessed
$71,000
+12.1% YoY
Effective rate
5.64%
On assessed value
Assessed land
$15,400
Assessed improvement
$64,200
Land market value
$30,800
Improvement market value
$128,400
Total market value
$159,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Heating
YES
Stories
1
Total area
1,683 SF
Lot
0.18 ac (7,667 SF)
Zoning code
D-1 PRO
APN
33-01-01-27-354-201
UPID
US43-1119616
Jurisdiction
INGHAM
Zoning & alternative use
D-1 PRO · Lansing, MI
Zoning D-1 PRO · permitted uses
D-1 PRO · 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
1959
Heating
YES
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Darrean A Dunn Ins Aency INC
Entity
Mailing address
3132 S PENNSYLVANIA AVE, LANSING, MI 48910-3460
Ownership since
2021
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 13, 2021
$120,000
Darrean A Dunn Ins Aency INC
Jerry Fuller
Warranty Deed
$108,000 · Pnc Bank NA
Feb 11, 2016
$85,000
Jerry Fuller
Baragar Jason
Warranty Deed
—
Nov 14, 2012
$70,000
Jason Baragar
Cnb Real Estate Holding LLC
Quit Claim Deed
related
—
Jun 19, 2012
—
Cnb Real Estate Holdings LLC
Capitol Natl Bk
Quit Claim Deed
related
—
Oct 27, 2011
$72,000
Capitol Natl Bk
Sheriff Of Ingham County
Trustees Deed
related
—
Nov 16, 2004
—
Kauma,eric E Trust
Kauma,eric E
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3132 Pennsylvania Ave, Unit 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
