Property profile & analytics
4908 Contec Dr, Unit 5 Lansing, MI 48910-7101
- Manufacturing properties
- 30,770 SF
- 2.21 lot acres
OFF-MARKET
Last Sale
Jan 10, 2025
Jan 10, 2025
Value Estimations
$1,255,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0625967
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
- Extend Your Reach / Business Service Center
Property Details for 4908 Contec Dr
- Year built
- 1999
- Lot size
- 2.21 lot acres
- Property size
- 30,770 SF
- Property type
- Manufacturing properties
- APN
- 33-01-01-34-454-050
- APU
- 33010134454050
Description
This exceptional investment opportunity presents a fully occupied, single-tenant industrial warehouse located at 4908 Contec Dr, Lansing, MI 48910. The property boasts 30,770 square feet situated on a 2.2-acre lot within a Lansing industrial park. Built in 1999 and renovated in 2019, the building features 24-foot ceilings, two loading docks with two dock-high doors, and a functional layout combining 6,720 square feet of office space with 24,050 square feet of warehouse space. The property benefits from a highly desirable location, offering easy access to I-496 and I-96, ensuring convenient connectivity throughout the greater Lansing area. Currently operating under a net lease with a long-term tenant, Extend Your Reach (EYR), a well-established mail and marketing company, this asset provides a stable income stream with an 8.00% cap rate. The property is zoned Ind-I, Suburban Industrial, and its size and layout offer adaptability for future users, providing long-term flexibility for investors. The asking price is $2,300,000. The property's APN is 33-01-55-710-000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,145,000
- ML approach
- $1,240,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,381,000
Market price range: $589k - $3.50M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,930,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,975,000 Change: +2% Conversion: Difficult
- RETAIL STORES
- $1,845,000 Change: -4% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,790,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.53
- Latitude
- 42.6853
- 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
2020
$38,174
$68,000
$589,100
$657,100
-
$136,000
$1,178,200
$1,314,200
