Back to Search
Property profile & analytics
FOR SALE
Warehouses
4495 West Grand River Ave Lansing, MI 48906
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-3448894
For Sale
1 / 10
$630,000
4495 West Grand River Ave, Lansing, MI 48906
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Total area
9,050 SF
Lot
10.31 ac (449,104 SF)
Zoning code
LI
APN
150-036-400-019-00
UPID
US43-3448894
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
-
Airport & Grand River Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$700k
Owner & transaction history
Blue Sky Self Storage Lansing Re Ll · 1 yrs held
Blue Sky Self Storage Lansing Re Ll
since 2024
4 recorded transactions
Zoning & alternative use
LI · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$790,000
+56.6%
Auto repair, garage
$770,000
+53.1%
Medical building
$770,000
+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
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
WAREHOUSE, STORAGE
$505,000
Current use
RESTAURANT
$790,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$770,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$440,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$77 / 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
$15,298
Tax year 2022
Assessed value
$332,050
Assessed 2024
Previous assessed
$357,400
-7.1% YoY
Effective rate
4.61%
On assessed value
Assessed land
$116,950
Assessed improvement
$215,100
Land market value
$233,900
Improvement market value
$430,200
Total market value
$664,100
Applied tax rate
150.0000
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2020
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
9,050 SF
Lot
10.31 ac (449,104 SF)
Zoning code
LI
APN
150-036-400-019-00
UPID
US43-3448894
Jurisdiction
CLINTON
Zoning & alternative use
LI · Lansing, MIZoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$505,000
RESTAURANT
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$770,000
MEDICAL BUILDING
Est. value
$770,000
OFFICE BUILDING
Est. value
$760,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$440,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2020
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
10.31 ac
Current owner
From public records · entity-resolved
Blue Sky Self Storage Lansing Re Ll
Individual
Free & Clear · 1 yrs held
Mailing address
4495 W GRAND RIV AVE, LANSING, MI 48906-9143
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Blue Sky Self Storage Lansing Re Ll
—
Deed
related
$2,500,000 · Parkside Financial Bank & Trust
Dec 30, 2024
—
Blue Sky Self Storage Lansing Re Ll
Dma Investment LLC
Quitclaim Deed
—
Sep 11, 2019
$80,000
Grand River Self Storage LLC
Fox Brothers Development Company In
Warranty Deed
—
Nov 3, 2017
—
Grand River Self Storage LLC
Jwf Family INC
Land Contract
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
