Property profile

3132 Pennsylvania Ave 23 Lansing, MI 48910

OFF-MARKET
Office buildings
Property ID
US43-1119616
1,683 SF 0.18 ac lot Built 1959
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Business Management Consultant
  • Insurance Agency
  • IT Consulting Firm (Bike/Boat/Book/etc) Store

Location

3132 Pennsylvania Ave, Unit 23 Lansing, MI 48910-3460
Lansing metro Census 2300 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2021
Last sale
$120,000
6 recorded transactions
2021
$120,000
2016
$85,000
2012
$70,000
2012
Price N/A
2011
$72,000
2004
Price N/A

Zoning & alternative use

D-1 PRO · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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