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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4305 5th Oaks Dr, Unit 5 Lansing, MI 48911-4214

    • Medical offices
    • 3,510 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0204761
    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

    • Michigan Maxillofacial Surgery and Implant Center: William Schiro, DDS / Dentist / Dental Implants Periodontist

    Property Details for 4305 5th Oaks Dr

    Year built
    2013
    Lot size
    1.42 lot acres
    Property size
    3,510 SF
    Zone code
    C-3
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    33-25-05-02-127-011
    APU
    33250502127011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $349,000
      Market price range: $69.5k - $443k
      AI Estimate
      $401,000
      Market price range: $209k - $446k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $300,000
      Current use
      AUTO REPAIR, GARAGE
      $300,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $290,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $250,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5179
    Latitude
    42.6816
    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
    $19,314
    $100,500
    $208,000
    $308,500
    -
    $201,000
    $416,000
    $617,000

    Comparable in this City

    • Value Estimation
      $635,000
      5,046 SF

      3937 Patient Care Dr, Unit 6

      MEDICAL BUILDING • 5,046 SF
      3937 Patient Care Dr, Lansing, MI 48911-4287
      View Details
    • Value Estimation
      $445,000
      18,281 SF

      3955 Patient Care Dr, Unit 1

      MEDICAL BUILDING • 18,281 SF
      3955 Patient Care Dr, Lansing, MI 48911-4299
      View Details
    • Value Estimation
      $400,000
      5,415 SF

      3960 Patient Care Dr Ste, Unit 113

      MEDICAL BUILDING • 5,415 SF
      3960 Patient Care Dr Ste, Lansing, MI 48911-4279
      View Details
    • Value Estimation by Request
      5,714 SF

      5135 Pennsylvania Ave, Unit 65

      MEDICAL BUILDING • 5,714 SF
      5135 Pennsylvania Ave, Lansing, MI 48911-4002
      View Details
    • Value Estimation
      $300,000
      4,870 SF

      1107 Miller Rd, Unit 47

      MEDICAL BUILDING • 4,870 SF
      1107 Miller Rd, Lansing, MI 48911-5312
      View Details
    • Value Estimation
      $400,000
      6,758 SF

      4052 Legacy Pkwy

      MEDICAL BUILDING • 6,758 SF
      4052 Legacy Pkwy, Lansing, MI 48911-4285
      View Details

    Similar Nearby for Sale

    • $935,000
      8,450 SF

      Lansing Medical Office Investment

      8,450 SF, 8.5% Cap Rate, NNN Lease
      5400 Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $400,000
      8,360 SF

      Lansing Warehouse: $400K

      Industrial warehouse, office space, fenced storage.
      3850 Circle Dr, Lansing, MI 48911
      View Details
    • $510,400
      4,471 SF

      Lansing Warehouse: $510,400

      Prime Lansing warehouse, ideal for commercial use.
      5321 Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $2,000,000
      17,700 SF

      Lansing Retail Space: Prime Location

      17,700 SF Retail Building, High Traffic Area
      134 Edgewood Blvd, Lansing, MI 48911
      View Details
    • Contact for pricing
      20.00 Acres

      Sherwood Industrial Storage Yard

      Gated Yard, Building, 1.25 Acres
      0 Aurelius Rd. And Miller Rd, Lansing, MI 48911
      View Details
    • $500,000
      3,071 SF

      High-Traffic Commercial Property for Sale

      Commercial property with dual revenue streams at a high-traffic intersection.
      5101 South Pennsylvania Ave, Lansing, MI 48911
      View Details

    Similar Nearby for Lease

    • $240,000
      6,097 SF

      Medical Office Suites Available

      Move-in ready medical suites in thriving medical park.
      3960 Patient Care Way, Lansing, MI 48911
      View Details
    • $11 SF/Yr
      1,956 SF

      Lansing Retail Office Suites Available

      Prime Southside location, flexible spaces.
      6810 Cedar St, Lansing, MI 48911
      View Details
    • $11 SF/Yr
      1,220 SF

      Lansing Retail Space: I-96 Access

      Prime Southside Retail, 1,220 SF Available
      6810 Cedar St, Lansing, MI 48911
      View Details
    • $9 SF/Yr
      18,000 SF

      Lansing Office Space: 1020 Long Blvd

      Prime Lansing Office, Flexible Suites Available
      1020 Long Blvd, Lansing, MI 48911
      View Details
    • Contact for pricing
      40,000 SF

      Lansing Office Building - 40,000 SF

      Spacious Lansing office building, ideal for various businesses.
      5840 Enterprise Dr. Lansing, MI 48911, Lansing, MI 48911
      View Details
    • $15 SF/Yr
      916 SF

      Versatile Office Space in Lansing

      Office suites available for lease near I-96 in Delhi Township.
      6133 Aurelius Rd, Lansing, MI 48911
      View Details
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    Lansing, MI 48911-4214
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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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