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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Retail space
4324 Saginaw Hwy Lansing, MI 48917-2161
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-2076824
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
6,520 SF
Lot
1.43 ac (62,291 SF)
Zoning code
NONE
APN
040 076 600 061 00
UPID
US43-2076824
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
-
uBreakiFix - Phone and Computer Repair Tech Support Center IT Consulting Firm
-
Collin Colegrove Physician
-
Popeyes Louisiana Kitchen Restaurant
-
Jacob Lippert Physician
-
Athletico Physical Therapy - Lansing (Delta Township) Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$680k
Owner & transaction history
West Town LLC · 8 yrs held
West Town LLC
since 2017
4 recorded transactions
Zoning & alternative use
NONE · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$810,000
+73.6%
Restaurant
$570,000
+22.2%
Auto repair, garage
$555,000
+19.5%
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
RETAIL STORES
$465,000
Current use
OFFICE BUILDING
$810,000
Change: +74% · Conversion: Easy
RESTAURANT
$570,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$555,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$104 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,678
Tax year 2023
Assessed value
$634,600
Assessed 2024
Previous assessed
$606,700
+4.6% YoY
Effective rate
5.78%
On assessed value
Total market value
$1,269,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Stories
1
Total area
6,520 SF
Lot
1.43 ac (62,291 SF)
Zoning code
NONE
APN
040 076 600 061 00
UPID
US43-2076824
Jurisdiction
EATON
Zoning & alternative use
NONE · Lansing, MIZoning NONE · permitted uses
NONE · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$465,000
OFFICE BUILDING
Est. value
$810,000
RESTAURANT
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$555,000
MEDICAL BUILDING
Est. value
$555,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1962
Heating
FORCED AIR
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
West Town LLC
Entity
Mailing address
PO BOX 1029, BATTLE CREEK, MI 49016-1029
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2017
$200,000
West Town LLC
Westown Plaza LLC
Warranty Deed
—
Aug 10, 2017
$475,000
Norman Holdings LLC
West Town LLC
Warranty Deed
$361,371 · Old National Bank
Dec 23, 2015
—
West Town LLC
Westown Plaza LLC
Land Contract
—
Feb 16, 2007
—
Ellen M Fata
Ellen M Fata
Intrafamily Transfer
related
—
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.
Try Rey
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