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Property profile & analytics
OFF-MARKET
Strip malls
3705 Jolly Rd Lansing, MI 48911-3337
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0075265
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Total area
9,432 SF
Lot
0.67 ac (29,272 SF)
Zoning code
F COMM
APN
33-01-05-06-101-221
UPID
US43-0075265
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
-
Skipper's Burgers and Fries Restaurant Take-out & Catering
-
BoBo Asian Grocery Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Elsa's Chicken and Waffles Restaurant Take-out & Catering
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
Lj Shops LLC · 6 yrs held
Lj Shops LLC
since 2020
Last sale
$220,000
3 recorded transactions
Zoning & alternative use
F COMM · Lansing, MI
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
$22,786
Tax year 2020
Assessed value
$175,800
Assessed 2023
Previous assessed
$170,200
+3.3% YoY
Effective rate
12.96%
On assessed value
Assessed land
$58,500
Assessed improvement
$117,300
Land market value
$117,000
Improvement market value
$234,600
Total market value
$351,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Heating
YES
Stories
1
Bathrooms
2
Total area
9,432 SF
Lot
0.67 ac (29,272 SF)
Zoning code
F COMM
APN
33-01-05-06-101-221
UPID
US43-0075265
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MIZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1963
Heating
YES
Stories
1
Bathrooms
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Lj Shops LLC
Entity
Mailing address
29777 TELEGRAPH RD STE #2631, SOUTHFIELD, MI 48034-7651
Ownership since
2020
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
Jun 26, 2020
$220,000
Lj Shops LLC
Steve W Matti
Warranty Deed
$180,000 · Oakland County Cap LLC
Jan 8, 2007
$410,000
Steve W Matti
Yono,wadi F & Hana S
Warranty Deed
—
—
—
Wadi Yono
—
Deed Of Trust
related
$250,000 · Citizens Federal Bank Fsb
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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