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    Property profile & analytics

    4500 Empire Way Lansing, MI 48917-9580

    • Industrial properties
    • 41,900 SF
    • 2.28 lot acres
    OFF-MARKET
    Value Estimation
    $2,750,000
    Last Sale
    Nov 23, 2022
    $2,650,000
    Location Intelligence
    Property ID
    US43-2128199
    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

    • WILDCATS Cheer Pride / Gymnastics Center / Sports Complex
    • Brink's Inc / Transportation Service
    • E & R Industrial Sales Inc / Industrial Equipment Supplier
    • adas solutions llc / Auto Body Shop
    • LoveJoy Community Services / Home Health Care Service / Adult Day Care Center

    Property Details for 4500 Empire Way

    Year built
    1989
    Lot size
    2.28 lot acres
    Property size
    41,900 SF
    Zone code
    NONE
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    040 084 800 130 00
    APU
    4008480013000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,830,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,610,000
      6.5%
      $2,850,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,570,000
      Geo Method
      $2,780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,615,000
      Retail
      $2,445,000
      Mixed-Use
      $2,955,000
      Hospitality
      $2,480,000
      Educational
      $2,670,000
      Residential Income
      $2,415,000
      Energy
      $3,110,000
      Income-Based Land
      $2,650,000
      Food Service
      $2,855,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.645
    Latitude
    42.6872
    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
    2023
    $54,106
    $0.00
    $0.00
    $893,600
    -
    $0.00
    $0.00
    $1,787,200

    Comparable in this City

    • Value Estimation by Request
      33,365 SF

      6431 Westland Way

      INDUSTRIAL LOFT BUILDING • 33,365 SF
      6431 Westland Way, Lansing, MI 48917-9568
      View Details
    • Value Estimation by Request
      4,704 SF

      7608 Lanac St

      INDUSTRIAL LOFT BUILDING • 4,704 SF
      7608 Lanac St, Lansing, MI 48917-9517
      View Details
    • Value Estimation by Request
      24,600 SF

      6539 Westland Way

      INDUSTRIAL LOFT BUILDING • 24,600 SF
      6539 Westland Way, Lansing, MI 48917-9581
      View Details
    • Value Estimation by Request
      1.00 Acre

      Nixon Rd

      INDUSTRIAL (GENERAL) • 1.00 Acre
      Nixon Rd, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      27.22 Acres

      Lansing, MI 48917

      INDUSTRIAL (GENERAL) • 27.22 Acres
      Lansing, MI 48917
      View Details
    • Value Estimation by Request
      4.98 Acres

      Ena Dr

      Land • 4.98 Acres
      0 Ena Dr, Lansing, MI 48917
      View Details

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    Lansing, MI 48917-9580
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    Realmo Value Estimation

    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.

    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.

    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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