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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Warehouses
3440 Dunckel Rd 4 Lansing, MI 48911-4215
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1571370
Property summary
AI-generated overview
This exceptional industrial investment property, located at 3440 Dunckel Rd, Lansing, MI 48911, presents a compelling opportunity for discerning investors. The 25,000 square foot Class B warehouse, built in 2001, sits on a 1.99-acre lot and boasts a desirable C-2 zoning designation. The property features 24-foot ceilings, providing ample vertical space for various uses. Loading and unloading are facilitated by two loading docks and two dock-high doors. Ample parking is available with 30 spaces provided on-site. The building is well-maintained and currently features a single tenant. The asking price is $2,460,000, representing a strong 6.00% capitalization rate. The property's Ingham County location offers convenient access to major transportation routes and a robust local economy. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside potential. The property's features include a 600 amp, 3-phase electrical service and a fully sprinklered system. The APN is 25-05-02-200-018. This property is offered for sale by owner.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
18,000 SF
Lot
1.87 ac (81,588 SF)
Zoning code
C-2
APN
33-25-05-02-200-018
UPID
US43-1571370
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
-
Wesco Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.16M
Owner & transaction history
J2 Dunckel LLC
J2 Dunckel LLC
since 2025
3 recorded transactions
Zoning & alternative use
C-2 · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+50.0%
Auto repair, garage
$1.5M
+46.7%
Medical building
$1.5M
+46.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,045,000
Current use
RESTAURANT
$1,570,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,535,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$1,530,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$1,485,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,155,000
Change: +10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,130,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$64 / 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
$33,519
Tax year 2022
Assessed value
$679,200
Assessed 2023
Previous assessed
$608,800
+11.6% YoY
Effective rate
4.94%
On assessed value
Assessed land
$102,000
Assessed improvement
$577,200
Land market value
$204,000
Improvement market value
$1,154,400
Total market value
$1,358,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
YES
Stories
1
Total area
18,000 SF
Lot
1.87 ac (81,588 SF)
Zoning code
C-2
APN
33-25-05-02-200-018
UPID
US43-1571370
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Lansing, MI
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2001
Heating
YES
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
J2 Dunckel LLC
Entity
Mailing address
1215 LEWIS ST, JACKSON, MI 49203-3323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
J2 Dunckel LLC
Klein Brothers LLC
Deed
$1,400,000 · Klein Brothers LLC
—
—
Klein Brothers LLC
—
Deed Of Trust
related
$647,343 · Homestead Savings
—
—
Klein Brothers LLC
—
Loan Modification
related
$561,028 · Homestead Svgs
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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