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    5020 Cedar St Lansing, MI 48910-5479

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    5020 Cedar St Lansing, MI 48910-5479

    View on Map
    • Warehouses
    • 19,908 SF
    • 2.11 lot acres
    Off-Market
    Last Sale Nov 30, 2021
    Property ID
    US43-0908071
    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.
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self-Storage at U-Haul / Storage Facility
    • Trailer Hitches at U-Haul / Auto Parts Store
    • U-Haul Moving & Storage at Jolly & Cedar / Car Rental Facility
    • U-Box at U-Haul / Moving Company / Storage Facility
    • Truck Sales at U-Haul / Car Dealership

    Property Details for 5020 Cedar St

    Year built
    1958
    Lot size
    2.11 lot acres
    Property size
    19,908 SF
    Zone code
    F COMM
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    33-01-01-33-452-043
    APU
    33010133452043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $930,000
      Market price range: $624k - $1.97M
      AI Estimate
      $708,000
      Market price range: $438k - $1.42M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,160,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5491
    Latitude
    42.6839
    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
    $29,483
    $173,600
    $321,700
    $495,300
    -
    $347,200
    $643,400
    $990,600

    Comparable in this City

    • Value Estimation
      $560,000
      10,293 SF

      315 Jolly Rd

      MINI-WAREHOUSE, STORAGE • 10,293 SF
      315 Jolly Rd, Lansing, MI 48910-6676
      View Details
    • Value Estimation
      $3,055,000
      105,877 SF

      Lansing, MI 48910

      MINI-WAREHOUSE, STORAGE • 105,877 SF
      Lansing, MI 48910
      View Details
    • Value Estimation
      $2,005,000
      77,926 SF

      3512 Martin Luther King Jr Blvd

      MINI-WAREHOUSE, STORAGE • 77,926 SF
      3512 Martin Luther King Jr Blvd, Lansing, MI 48910-4339
      View Details
    • Value Estimation by Request
      6,880 SF

      3100 Alpha St

      WAREHOUSE, STORAGE • 6,880 SF
      3100 Alpha St, Lansing, MI 48910
      View Details
    • Value Estimation by Request
      8,750 SF

      2820 Alpha Access St

      WAREHOUSE, STORAGE • 8,750 SF
      2820 Alpha Access St, Lansing, MI 48910-3609
      View Details
    • Value Estimation by Request
      18,516 SF

      2730 Alpha Access St

      WAREHOUSE, STORAGE • 18,516 SF
      2730 Alpha Access St, Lansing, MI 48910-3686
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,960 SF

      Retail Space with Warehouse

      Retail space with warehouse in a prime Lansing location.
      4916 S Cedar St, Lansing, MI 48910
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      Industrial Warehouse Distribution Space

      Industrial warehouse and distribution space near REO Town in Lansing.
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      Lansing Industrial Building with Crane

      Expansive industrial building suitable for manufacturing, warehousing, or repair.
      3414 Aurelius Rd, Lansing, MI 48910
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    • $1,950,000
      25,986 SF

      Grand Riverfront Commercial Opportunity

      Over 25,000 SF of flexible space in Lansing, MI.
      1212 S Washington Ave Ave, Lansing, MI 48910
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    • Contact for pricing
      4,050 SF

      Industrially Zoned Parcels For Sale

      Two adjacent industrially zoned parcels, versatile for business needs.
      2909 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • $3,990,000
      105,164 SF

      Potters Mill Industrial Flex Center

      Industrial flex center with diversified rent role and recent renovations.
      701 East South St, Lansing, MI 48910
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,908 SF

      Warehouse Space Ready For Occupancy

      Move-in ready warehouse space with convenient accessibility and fire suppression.
      111 W Mount Hope Ave, Lansing, MI 48910
      View Details
    • $325 /Mo
      225 SF

      Studio Office Flex Space

      Secure studio office flex space with utilities included.
      3315 S Pennsylvania Ave, Lansing, MI 48910
      View Details
    • $6 SF/Yr
      4,040 SF

      Lansing Retail Space - 4040 SF

      Equipped banquet building, high traffic area.
      3812 Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • $3,500 /Mo
      2,444 SF

      High-Visibility Lansing Restaurant Opportunity

      Freestanding restaurant space with drive-thru in high-traffic location.
      3122 S Martin Luther King Junior Blvd, Lansing, MI 48910
      View Details
    • $1,300 /Mo
      900 SF

      Retail Space in Lansing, MI

      Retail space for rent with high visibility and traffic.
      4405 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • Contact for pricing

      Retail Space in Lansing Center

      Well-maintained retail space with excellent visibility in Lansing, Michigan.
      3525 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
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    Lansing, MI 48910-5479
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    5020 Cedar St, Lansing, MI, 48910

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