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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Warehouses
4600 Grand Riv Ave Ste B Lansing, MI 48906-2572
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1576793
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
15,906 SF
Lot
2.7 ac (117,612 SF)
Zoning code
H LT IN
APN
33-01-01-06-125-002
UPID
US43-1576793
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
-
Gene F. Turnwald P.C Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Precise Management Group LLC · 3 yrs held
Precise Management Group LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+56.6%
Auto repair, garage
$1.4M
+53.1%
Medical building
$1.4M
+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
$1,225,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$885,000
Current use
RESTAURANT
$1,390,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,355,000
Change: +53% · Conversion: Easy
MEDICAL BUILDING
$1,350,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,340,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,000,000
Change: +13% · Conversion: Easy
RETAIL STORES
$915,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.30M (Feb 28 2023)
Last sale anchor
$1.30M
Feb 28 2023
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
$80 / 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
$14,277
Tax year 2022
Assessed value
$179,000
Assessed 2023
Previous assessed
$177,000
+1.1% YoY
Effective rate
7.98%
On assessed value
Assessed land
$20,600
Assessed improvement
$158,400
Land market value
$41,200
Improvement market value
$316,800
Total market value
$358,000
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
1979
Heating
SPACE
Buildings
3
Stories
1
Bathrooms
1
Total area
15,906 SF
Lot
2.7 ac (117,612 SF)
Zoning code
H LT IN
APN
33-01-01-06-125-002
UPID
US43-1576793
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
$885,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$915,000
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
1979
Heating
SPACE
Stories
1
Buildings
3
Bathrooms
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Precise Management Group LLC
Entity
Mailing address
4600 N GRAND RIV AVE, LANSING, MI 48906-2572
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$1,300,000
Precise Management Group LLC
4600 Grand River LLC
Warranty Deed
$450,000 · Bank Michigan
Feb 22, 2022
—
Precise Management Group LLC
4600 Grand River LLC
Land Contract
—
Sep 28, 2021
$248,000
Djb Rentals INC
Fox Brothers Company
Warranty Deed
—
Sep 28, 2021
—
4600 Grand River LLC
David J Brown
Receivers Deed
—
Sep 28, 2021
$575,000
4600 Grand River LLC
Djb Rentals INC
Warranty Deed
—
Apr 10, 2012
$501,920
Fox Brothers Co
Woodside E & D LLC
Warranty Deed
—
Aug 11, 2008
—
Capitol National Bank NA
Woodside E & D LLC
Grant Deed
related
—
—
—
Woodside E & D LLC
—
Deed Of Trust
related
$200,000 · John E & Patricia A Humpsch
—
—
Woodside E & D LLC
—
Deed Of Trust
related
$309,214 · John E & Patricia A Humpsch
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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