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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Industrial properties
4216 Legacy Pkwy Lansing, MI 48911-4277
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-1496806
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2001
Total area
22,940 SF
Lot
2.75 ac (119,790 SF)
Zoning code
C-2
APN
33-25-05-02-200-045
UPID
US43-1496806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
All-Phase Electric Supply Building Supply Electrical Service
-
Motown Auto Distributing Co. ( Fisher Auto Parts ) Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Sechrist Partners LLC · 10 yrs held
Sechrist Partners LLC
since 2015
5 recorded transactions
Zoning & alternative use
C-2 · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+39.1%
Auto repair, garage
$2.0M
+36.0%
Medical building
$2.0M
+35.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,440,000
Current use
RESTAURANT
$2,000,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,955,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,950,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,895,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: +14% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,470,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,335,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$41,986
Tax year 2022
Assessed value
$822,300
Assessed 2023
Previous assessed
$740,700
+11.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$149,500
Assessed improvement
$672,800
Land market value
$299,000
Improvement market value
$1,345,600
Total market value
$1,644,600
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2001
Heating
YES
Buildings
2
Stories
1
Total area
22,940 SF
Lot
2.75 ac (119,790 SF)
Zoning code
C-2
APN
33-25-05-02-200-045
UPID
US43-1496806
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Lansing, MI
Zoning C-2 · permitted uses
C-2 · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
YES
Stories
1
Buildings
2
Lot
2.75 ac
Current owner
From public records · entity-resolved
Sechrist Partners LLC
Entity
Mailing address
5205 MORET CT, BRIGHTON, MI 48116-4790
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2016
—
Sechrist Partners LLC
—
Deed
related
$6,845,325 · Comerica Bk
Oct 22, 2015
—
Sechrist Partners LLC
Reichenbach LLC
Warranty Deed
—
—
—
Reichenbach LLC
—
Deed Of Trust
related
$1,120,524 · Mercantile Bk/mi
—
—
Sechrist Partners LLC
—
Deed Of Trust
related
$6,845,325 · Comerica Bk
—
—
Reichenbach LLC
—
Loan Modification
related
$2,500,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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