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    4908 Contec Dr, Unit 5 Lansing, MI 48910-7101

    • Manufacturing properties
    • 30,770 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimation
    $1,315,000
    Last Sale
    Jan 10, 2025
    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 / Marketing Agency / Shipping And Mailing Service

    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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,475,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,325,000
      Geo Method
      $1,355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,725,000
      Retail
      $1,675,000
      Mixed-Use
      $1,430,000
      Hospitality
      $1,605,000
      Educational
      $1,350,000
      Residential Income
      $1,435,000
      Energy
      $1,330,000
      Income-Based Land
      $1,290,000
      Food Service
      $1,680,000

    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

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      View Details

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    Lansing, MI 48910-7101
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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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