3940 Grand Riv Ave Lansing, MI 48906-2719
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID
US43-1486929
Property summary
AI-generated overview
This Lansing, MI warehouse, located at 3940 N Grand River Ave, offers 17,135 square feet of versatile industrial and retail space for $999,000. The property sits on a 1.15-acre lot and boasts a 15-foot ceiling height, perfect for various uses. Currently, the space is multi-tenant, with one tenant occupying 3,720 square feet on a month-to-month lease. A vacant 9,095 square foot warehouse area is also available. The building features two high-door loading docks and three overhead doors, enhancing operational efficiency. Zoned Industrial 1, this property offers excellent access to major transportation arteries, including I-96 and I-69, and is conveniently located near the Capital Regional International Airport. The three connected buildings could be leased separately, providing flexibility for future development or expansion. This property is an excellent opportunity for contractors, builders, equipment owners, or other businesses seeking a strategic location in Lansing. The year built is 1962.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
3,720 SF
Lot
1.15 ac (50,094 SF)
Zoning code
MIXED Z
APN
33-01-01-06-226-015
UPID
US43-1486929
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
-
Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Zoning & alternative use
MIXED Z · Lansing, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$305k
Value range
$275k – $336k
±10% around blend
Estimated value / SF
$82 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$275k
blend $305k
$336k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,720 SF
Lot area
1.15 ac
Year built
1962
Stories
1
APN
33-01-01-06-226-015
Assessed value
$273,800
Annual tax
$20,837
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$140k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.3 mi away · 3,344 SF
16.2 mi away · 3,190 SF
17.8 mi away · 3,117 SF
17.9 mi away · 3,894 SF
18.0 mi away · 3,098 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$305k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$57
+43%
Submarket 101 sales
$71
+15%
County 136 sales
$79
+3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $82/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$274k
Move the market yield to see immediate price impact.
Value / SF
$74
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$17k
$345k
$246k
$192k
$19k
$383k
$274k
$213k
$21k
$422k
$301k
$234k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$70k
3.9 mi · Jan 2026 · $19/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$20,837
Tax year 2022
Assessed value
$273,800
Assessed 2023
Previous assessed
$248,800
+10.0% YoY
Effective rate
7.61%
On assessed value
Assessed land
$74,800
Assessed improvement
$199,000
Land market value
$149,600
Improvement market value
$398,000
Total market value
$547,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,720 SF
Lot
1.15 ac (50,094 SF)
Zoning code
MIXED Z
APN
33-01-01-06-226-015
UPID
US43-1486929
Jurisdiction
INGHAM
Zoning & alternative use
MIXED Z · Lansing, MIZoning MIXED Z · permitted uses
MIXED Z · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MIXED Z
Jurisdiction
Lansing, MI
Recorded code
MIXED Z
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MIXED Z in Lansing, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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