Property profile

5509 Pennsylvania Ave Lansing, MI 48911

OFF-MARKET
Specialty properties
Property ID
US43-0642147
39,923 SF 9.69 ac lot Built 1972
Entity Owned 11-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1972
Total area 39,923 SF
Lot 9.69 ac (422,140 SF)
APN 33-01-05-03-177-120
UPID US43-0642147

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Sports School Sports Field & Court
  • High School Vocational School
  • Church
  • Food Bank Charitable Organization
  • Charitable Organization Social Service Agency

Location

5509 Pennsylvania Ave Lansing, MI 48911-4013
Lansing metro Census 5304 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
$2.40M
Blend (final) Blend
$595k

Owner & transaction history

since 2015
1 recorded transaction
2015
$575,000

Zoning & alternative use

Top alternative use upside
Medical building $3.9M +62.0%
Auto repair, garage $3.3M +35.5%
Commercial (general) $2.7M +12.9%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5509 Pennsylvania Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message