Individually Owned 
For Sale
Contact for pricing
4304 S Pennsylvania Ave, Lansing, MI 48910
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Property summary
AI-generated overview
The property is a freestanding commercial building of approximately 1,836 square feet, constructed in 1996, located on a 0.434-acre corner lot in Lansing, Michigan. It is zoned MX-C and supports versatile commercial uses, including use cases such as used auto sales. The building layout includes a front office and showroom facing an intersection, with an attached drive-through service bay suited for vehicle reconditioning and/or customer delivery. The site features multiple curb cuts that support vehicle circulation and separate on-site customer parking from the vehicle display/inventory area. Vehicle intake can be accommodated without interfering with sales flow, and the property is configured to allow on-site light service or reconditioning, detail preparation, and inspection. Based on the site layout, striping, and applicable setback requirements, the exterior area can provide estimated on-site space for approximately 25 to 40 vehicles on display, with corner wrap exposure for unit placement.
Property profile
Verified
Property type
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1996
Total area
1,836 SF
Lot
0.43 ac (18,905 SF)
Zoning code
E-1 APT
APN
33-01-01-34-306-003
UPID
US43-0057442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
since 2025
Last sale
$325,000
6 recorded transactions
Zoning & alternative use
E-1 APT · Lansing, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$163 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,836 SF
Lot area
0.43 ac
Year built
1996
Stories
1
APN
33-01-01-34-306-003
Zoning
E-1 APT
Assessed value
$132,200
Annual tax
$9,256
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,256
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 62 sales
$85
+92%
County 70 sales
$101
+62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $163/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.58%
Selected cap rate for this other automotive properties
Derived from the Lansing market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.58%
9.0%
NOI (est.)
$18k *
Last sale · Jun 2025
$325k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$495k
Move the market yield to see immediate price impact.
Value / SF
$270
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.08%3.58%4.08%
$16k
$518k
$445k
$391k
$18k
$575k
$495k
$434k
$19k
$633k
$544k
$478k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$9,256
Tax year 2020
Assessed value
$132,200
Assessed 2023
Previous assessed
$125,200
+5.6% YoY
Effective rate
7.00%
On assessed value
Assessed land
$37,800
Assessed improvement
$94,400
Land market value
$75,600
Improvement market value
$188,800
Total market value
$264,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1996
Heating
YES
Stories
1
Total area
1,836 SF
Lot
0.43 ac (18,905 SF)
Zoning code
E-1 APT
APN
33-01-01-34-306-003
UPID
US43-0057442
Jurisdiction
INGHAM
Zoning & alternative use
E-1 APT · Lansing, MIZoning E-1 APT · permitted uses
E-1 APT · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1996
Heating
YES
Stories
1
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
E-1 APT
Jurisdiction
Lansing, MI
Recorded code
E-1 APT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for E-1 APT in Lansing, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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