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    Property profile & analytics

    416 Creyts Rd Lansing, MI 48917-8290

    • Office buildings
    • 12,588 SF
    • 1.88 lot acres
    OFF-MARKET
    Last Sale
    Feb 18, 2020
    $1,200,000
    Value Estimations
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2496296
    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.

    Current Use by Public Records

    • Arthritis Can be Difficult, But You Don't Have to Live in Pain / Physician
    • Exclusive Physical Therapy / Medical Clinic
    • Dr. David A. Grekin / Physician / Medical Clinic
    • Dr. Ronald Miller / Physician / Medical Clinic
    • Endless Health LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 416 Creyts Rd

    Year built
    2002
    Lot size
    1.88 lot acres
    Property size
    12,588 SF
    Zone code
    NONE
    Property type
    Office buildings
    APN
    040 015 400 137 00
    APU
    4001540013700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $980,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,160,000
      6.5%
      $1,995,000
      7%
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,763,000
      Market price range: $602k - $2.46M
      AI Estimate
      $1,673,000
      Market price range: $602k - $2.46M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6438
    Latitude
    42.7293
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,229
    $0.00
    $0.00
    $515,400
    -
    $0.00
    $0.00
    $1,030,800

    Comparable in this City

    • Value Estimation
      $1,915,000
      15,832 SF

      6709 Centurion Dr

      OFFICE BUILDING • 15,832 SF
      6709 Centurion Dr, Lansing, MI 48917-8293
      View Details
    • Value Estimation
      $680,000
      3,478 SF

      6220 Campus Blvd

      OFFICE BUILDING • 3,478 SF
      6220 Campus Blvd, Lansing, MI 48917-9204
      View Details
    • Value Estimation
      $13,800,000
      102,193 SF

      6220 Campus Blvd

      OFFICE BUILDING • 102,193 SF
      6220 Campus Blvd, Lansing, MI 48917-9204
      View Details
    • Value Estimation
      $2,230,000
      19,954 SF

      822 Centennial Way

      OFFICE BUILDING • 19,954 SF
      822 Centennial Way, Lansing, MI 48917-8254
      View Details
    • Value Estimation by Request
      4,812 SF

      7706 Rickle St

      OFFICE BUILDING • 4,812 SF
      7706 Rickle St, Lansing, MI 48917-9569
      View Details
    • Value Estimation
      $620,000
      4,860 SF

      4025 Saginaw Hwy

      OFFICE BUILDING • 4,860 SF
      4025 Saginaw Hwy, Lansing, MI 48917-2152
      View Details

    Similar Nearby for Sale

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      29,768 SF

      Lansing Corporate Office Building

      Class A Office, 29,768 SF, $3M
      1044 Eastbury Dr, Lansing, MI 48917
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    • $80,000

      West Michigan Avenue Commercial Opportunity

      Commercial property suitable for investors and developers in Lansing, MI.
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      Two-Story Office Building For Sale

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      Lansing Office Building For Sale

      Three-story office building in Lansing, recently renovated with flexible floorplans.
      801 S Waverly Rd, Lansing, MI 48917
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      Class A Office Building

      Class A office building in Capital Commerce Park for sale.
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      View Details
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      Available Office Space Near I-496

      Office suites available for sale near I-496 in Lansing.
      6607 West St Joe Hwy, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,339 SF

      Lansing Office Space For Lease

      Office and medical space available for lease starting 09/01/2025.
      4911 West St Joe Hwy, Lansing, MI 48917
      View Details
    • $14 SF/Yr

      Professional Office Building For Lease

      37,000 SF office building with flexible floor plans.
      3815 W St Joseph St, Lansing, MI 48917
      View Details
    • $14 SF/Yr
      5,035 SF

      Lansing Executive Office Suite

      1,003 SF Office Space Available
      526 Creyts Rd, Lansing, MI 48917
      View Details
    • $16 SF/Yr
      15,779 SF

      Lansing Executive Office Suites

      Class A Office Space, 1,535-1,672 SF Available
      6639 Centurion Dr, Lansing, MI 48917
      View Details
    • $17 SF/Yr
      10,891 SF

      Lansing Office Suite Near Mall

      1,120 SF Executive Office Space Available
      4710 Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing
      111,715 SF

      Lansing Medical Office Space For Lease

      Prime Medical & Retail Space in Lansing, MI
      5415-5503 Saginaw Hwy, Lansing, MI 48917
      View Details
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    Lansing, MI 48917-8290
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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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