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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Hotels
3320 Preyde Blvd Lansing, MI 48912-5610
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-3181301
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Total area
61,194 SF
Lot
0.55 ac (23,871 SF)
Zoning code
F COMME
APN
33-21-01-02-201-010
UPID
US43-3181301
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
-
3320 Preyde Boulevard Parking Parking Lot & Garage
-
Fairfield Inn & Suites Lansing at Eastwood Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.96M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.30M
Owner & transaction history
3115 Towne LLC · 1 yrs held
3115 Towne LLC
since 2024
6 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
$5.8M
+133.0%
Restaurant
$5.3M
+114.0%
Retail stores
$4.8M
+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%
$5,370,000
6.5%
$4,960,000
7%
$4,605,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,760,000
Change: +133% · Conversion: Difficult
RESTAURANT
$5,290,000
Change: +114% · Conversion: Difficult
RETAIL STORES
$4,810,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$4,100,000
Change: +66% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,070,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$4,020,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,015,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±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
$70 / 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
$237,940
Tax year 2022
Assessed value
$3,668,800
Assessed 2023
Previous assessed
$3,181,700
+15.3% YoY
Effective rate
6.49%
On assessed value
Assessed land
$150,700
Assessed improvement
$3,518,100
Land market value
$301,400
Improvement market value
$7,036,200
Total market value
$7,337,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Stories
4
Total area
61,194 SF
Lot
0.55 ac (23,871 SF)
Zoning code
F COMME
APN
33-21-01-02-201-010
UPID
US43-3181301
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
$5.8M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
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
2014
Heating
HEAT PUMP
Stories
4
Lot
0.55 ac
Current owner
From public records · entity-resolved
3115 Towne LLC
Entity
Mailing address
210 S OLD WOODWARD AVE STE #230, BIRMINGHAM, MI 48009-6169
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
3115 Towne LLC
Lsre Lansing LLC
Deed
$2,596,500 · First National Bank Of America
Jul 11, 2023
—
Ff Of Lansing LLC
—
Deed
related
$9,000,000 · State Bank Of Texas
Jun 26, 2023
—
Fe Of Lansing LLC
Preyde One LLC
Deed
—
Jun 7, 2023
—
Preyde One LLC
Eastwood LLC
Quit Claim Deed
related
—
May 19, 2023
—
Eastwood LLC
Lansing Township Downtown Dev Autho
Deed
related
—
Jan 23, 2023
—
Esastwood LLC
Lansing Township Downtown Dev Autho
Warranty Deed
—
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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