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    Property profile & analytics

    4216 Legacy Pkwy Lansing, MI 48911-4277

    • Industrial properties
    • 22,940 SF
    • 2.75 lot acres
    OFF-MARKET
    Value Estimation
    $710,000
    Location Intelligence
    Property ID
    US43-1496806
    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

    • All-Phase Electric Supply / Electrical Supply Store
    • Motown Auto Distributing Co. ( Fisher Auto Parts ) / Auto Parts Store

    Property Details for 4216 Legacy Pkwy

    Year built
    2001
    Lot size
    2.75 lot acres
    Property size
    22,940 SF
    Zone code
    C-2
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    33-25-05-02-200-045
    APU
    33250502200045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $950,000
      6.5%
      $830,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $875,000
      Geo Method
      $970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $935,000
      Retail
      $935,000
      Mixed-Use
      $845,000
      Hospitality
      $935,000
      Educational
      $955,000
      Residential Income
      $800,000
      Energy
      $805,000
      Income-Based Land
      $995,000
      Food Service
      $1,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5116
    Latitude
    42.6812
    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
    2022
    $41,986
    $149,500
    $672,800
    $822,300
    -
    $299,000
    $1,345,600
    $1,644,600

    Comparable in this City

    • Value Estimation by Request
      30,375 SF

      4055 English Oak Dr

      INDUSTRIAL LOFT BUILDING • 30,375 SF
      4055 English Oak Dr, Lansing, MI 48911-4294
      View Details
    • Value Estimation
      $685,000
      31,090 SF

      4063 Grand Oak Dr

      INDUSTRIAL LOFT BUILDING • 31,090 SF
      4063 Grand Oak Dr, Lansing, MI 48911-7405
      View Details
    • Value Estimation
      $560,000
      19,696 SF

      3125 Pinetree Rd, Unit 3

      INDUSTRIAL LOFT BUILDING • 19,696 SF
      3125 Pinetree Rd, Lansing, MI 48911-4244
      View Details
    • Value Estimation
      $500,000
      17,816 SF

      3120 Spanish Oak Dr, Unit 10

      INDUSTRIAL LOFT BUILDING • 17,816 SF
      3120 Spanish Oak Dr, Lansing, MI 48911-4238
      View Details
    • Value Estimation
      $680,000
      30,375 SF

      4055 English Oak Dr, Unit 27

      INDUSTRIAL LOFT BUILDING • 30,375 SF
      4055 English Oak Dr, Lansing, MI 48911-4294
      View Details
    • Value Estimation
      $535,000
      19,051 SF

      2556 Alamo Dr

      INDUSTRIAL LOFT BUILDING • 19,051 SF
      2556 Alamo Dr, Lansing, MI 48911-6351
      View Details

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    • Contact for pricing
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    Lansing, MI 48911-4277
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    Realmo Value Estimation

    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.

    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.

    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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