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Financial
Distress signals
Property profile

4202 Collins Rd Lansing, MI 48910

FOR LEASE
Office buildings
Property ID
US43-1803409
34,533 SF 3.84 ac lot Built 2003
Last sale Feb 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 7,961 square foot Class A executive office space is available for lease in a prestigious two-story brick building totaling 34,000 square feet. Located in Ingham County, this property boasts a highly visible location, easily accessible from US-127/Jolly Road interchange, offering excellent exposure and convenient access for employees and clients. The building is situated adjacent to Michigan State University and a regional U.S. Post Office, providing a strategic location…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$78k
Tax billed · 2020
Assessed value · 2023$1.76M
Assessed land$287k
Assessed improvement$1.48M
Effective rate4.43%

Value estimate

· Oct 2026
$3.01M
$2.70M – $3.31M
Submarket $/SF estimate$3.00M
NOI build-up
Gross scheduled income$547k
Vacancy & credit loss−$109k
Operating expenses−$109k
NOI · 1,426,226.09% cap applied$328k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$44 – $104

Cap rate analysis

How does the asset earn?
1,426,226.09%
$328k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
F COMM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.9
Building Supply14.3
Auto Parts Store13.0

Location

4202 Collins Rd Lansing, MI 48910
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
701 Jolly, Lansing, MI 48910-6610 $680,000 Jan 2025 13,254 SF
1118 Washington, Lansing, MI 48910-1659 $75,000 Sep 2023 15,440 SF
913 Holmes, Lansing, MI 48910-0426 $2,600,000 Aug 2022 61,064 SF
3645 Jolly, Lansing, MI 48910-5774 $850,000 May 2022 6,074 SF
3200 Pennsylvania, Lansing, MI 48910-4733 $245,000 Apr 2021 4,266 SF
808 Southland, Lansing, MI 48910-5914 $150,000 Nov 2020 18,060 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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