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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
4416 Grand Riv Ave Lansing, MI 48906-2613
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1201514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
9,920 SF
Lot
1.74 ac (75,751 SF)
Zoning code
H LT IN
APN
33-01-01-06-201-017
UPID
US43-1201514
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$590k
Owner & transaction history
Cbje Investments LLC · 2 yrs held
Cbje Investments LLC
since 2024
Last sale
$590,000
2 recorded transactions
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$865,000
+56.6%
Auto repair, garage
$845,000
+53.1%
Medical building
$845,000
+52.6%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$555,000
Current use
RESTAURANT
$865,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$845,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$620,000
Change: +13% · Conversion: Easy
RETAIL STORES
$570,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Mar 22 2024)
Last sale anchor
$590k
Mar 22 2024
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
$59 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$10,777
Tax year 2020
Assessed value
$223,300
Assessed 2023
Previous assessed
$223,300
+0.0% YoY
Effective rate
4.83%
On assessed value
Assessed land
$53,900
Assessed improvement
$169,400
Land market value
$107,800
Improvement market value
$338,800
Total market value
$446,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
SPACE
Stories
1
Bathrooms
2
Total area
9,920 SF
Lot
1.74 ac (75,751 SF)
Zoning code
H LT IN
APN
33-01-01-06-201-017
UPID
US43-1201514
Jurisdiction
INGHAM
Zoning & alternative use
H LT IN · Lansing, MI
Zoning H LT IN · permitted uses
H LT IN · 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
WAREHOUSE, STORAGE Current
Est. value
$555,000
RESTAURANT
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$845,000
MEDICAL BUILDING
Est. value
$845,000
OFFICE BUILDING
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1977
Heating
SPACE
Stories
1
Bathrooms
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Cbje Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1961 PNE RDG DR SW, JENISON, MI 49428-9297
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
$590,000
Cbje Investments LLC
4416 N Grand River LLC
Warranty Deed
—
Oct 13, 2020
—
4416 N Grand River LLC
Grand Air Realty LLC Co
Quit Claim Deed
—
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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