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    4108 S Cedar St Lansing, MI 48910
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    4108 S Cedar St Lansing, MI 48910

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    • Office Units
    • 2,942 SF
    For Sale
    $130,000
    View Listing →
    Versatile Commercial Building in Lansing For Sale
    $130,000
    1,439 SF

    Versatile Commercial Building in Lansing

    Commercial building suitable for office or professional use with parking.

    4108 S Cedar Street, Lansing, MI 48910
    View Listing
    Property ID
    US43-0206034
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dymond Love Nails / Nail Salon

    Property Details for 4108 S Cedar St

    Year built
    1938
    Property size
    2,942 SF
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Great investment opportunity. Nice size office space, plus a separate building next door which is rented out. New AC in both buildings, new water heater in the Salon space. New B-Dry system installed in 2024. New asphalt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.548495
    Latitude
    42.691239

    Comparable in this City

    • $130,000
      1,439 SF

      Versatile Commercial Building in Lansing

      Commercial building suitable for office or professional use with parking.
      4108 S Cedar St, Lansing, MI 48910
      View Details
    • Contact for pricing
      2,328 SF

      Former Bank Building Opportunity

      2,328 sq ft former bank branch on 0.6 acres.
      2521 S Cedar St, Lansing, MI 48910
      View Details
    • $239,900

      Remodeled Office Space For Sale

      Remodeled office with original wood trim, move-in ready.
      2325 S Cedar St, Lansing, MI 48910
      View Details
    • Contact for pricing

      South Lansing Office Suites Available

      Office suites for sale in South Lansing with ample parking.
      3139-3145 S Pennsylvania Ave, Lansing, MI 48910
      View Details
    • Contact for pricing
      13,992 SF

      Renovated Flagship Facility For Sale

      Masterfully renovated 13,992 SF facility with modern, industrial-chic finishes.
      2508 S Cedar St, Lansing, MI 48910
      View Details
    • Contact for pricing
      4,508 SF

      Two-Story Office Building For Sale

      4,508 SF office building with parking and storage.
      2901 Stabler St, Lansing, MI 48910
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,992 SF

      Renovated Flagship Facility For Sale

      Masterfully renovated 13,992 SF facility with modern, industrial-chic finishes.
      2508 S Cedar St, Lansing, MI 48910
      View Details
    • $130,000
      1,439 SF

      Versatile Commercial Building in Lansing

      Commercial building suitable for office or professional use with parking.
      4108 S Cedar St, Lansing, MI 48910
      View Details
    • Contact for pricing
      2,328 SF

      Former Bank Building Opportunity

      2,328 sq ft former bank branch on 0.6 acres.
      2521 S Cedar St, Lansing, MI 48910
      View Details
    • $239,900

      Remodeled Office Space For Sale

      Remodeled office with original wood trim, move-in ready.
      2325 S Cedar St, Lansing, MI 48910
      View Details
    • Contact for pricing

      South Lansing Office Suites Available

      Office suites for sale in South Lansing with ample parking.
      3139-3145 S Pennsylvania Ave, Lansing, MI 48910
      View Details
    • Contact for pricing
      4,508 SF

      Two-Story Office Building For Sale

      4,508 SF office building with parking and storage.
      2901 Stabler St, Lansing, MI 48910
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lansing Office Space for Nonprofits

      Premier office destination for nonprofits and community service businesses.
      913 W Holmes Rd, Lansing, MI 48910
      View Details
    • Contact for pricing
      1,445 SF

      Lansing Office Building - 1445 SF

      Prime Lansing Office Space, I-496 proximity.
      1134 S. Washington Ave. Lansing, MI 48910, Lansing, MI 48910
      View Details
    • Contact for pricing

      South Lansing Office Suites Available

      Office suites for rent in South Lansing near I-496.
      3139-3145 S Pennsylvania Ave, Lansing, MI 48910
      View Details
    • $325 /Mo
      225 SF

      Studio Office Flex Space

      Secure studio office flex space with utilities included.
      3315 S Pennsylvania Ave, Lansing, MI 48910
      View Details
    • $1,600 /Mo

      High-Traffic Retail, Office, Restaurant Space

      Retail, office, or restaurant space in high-traffic location.
      3318 S Cedar St, Lansing, MI 48910
      View Details
    View Listing
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    Lansing, MI 48910
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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