Property profile

505 Capitol Ave Lansing, MI 48933

OFF-MARKET
Office buildings
Property ID
US43-2067732
13,072 SF 0.51 ac lot Built 1966
Individually Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 13,072 SF
Lot 0.51 ac (22,172 SF)
Zoning code D-1 PRO
APN 33-01-01-16-130-072
UPID US43-2067732

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

505 Capitol Ave Lansing, MI 48933-1209
Lansing metro Census 600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$330k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

D-1 PRO · Lansing, MI
Top alternative use upside
Restaurant $1.1M +5.7%
Auto repair, garage $1.1M +3.4%
Medical building $1.1M +3.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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