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    Property profile & analytics

    5617 Enterprise Dr, Unit 7 Lansing, MI 48911-4104

    • Distribution centers
    • 22,437 SF
    • 2.71 lot acres
    OFF-MARKET
    Value Estimation
    $700,000
    Location Intelligence
    Property ID
    US43-1814881
    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

    • Grainger Industrial Supply / Electric Motor Store / Hydraulic Equipment Supplier

    Property Details for 5617 Enterprise Dr

    Year built
    1974
    Lot size
    2.71 lot acres
    Property size
    22,437 SF
    Zone code
    I HVY
    Property type
    Distribution centers
    APN
    33-01-05-03-426-025
    APU
    33010503426025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $820,000
      6.5%
      $955,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $760,000
      Geo Method
      $935,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $930,000
      Mixed-Use
      $995,000
      Hospitality
      $750,000
      Educational
      $830,000
      Residential Income
      $750,000
      Energy
      $760,000
      Income-Based Land
      $775,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5284
    Latitude
    42.6757
    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
    $38,768
    $82,900
    $503,500
    $586,400
    -
    $165,800
    $1,007,000
    $1,172,800

    Comparable in this City

    • Value Estimation
      $865,000
      8,000 SF

      1130 Ramada Dr, Unit 3

      DISTRIBUTION WAREHOUSE • 8,000 SF
      1130 Ramada Dr, Lansing, MI 48911-5722
      View Details
    • Value Estimation
      $370,000
      9,600 SF

      1201 Keystone Ave, Unit 4

      DISTRIBUTION WAREHOUSE • 9,600 SF
      1201 Keystone Ave, Lansing, MI 48911-4041
      View Details
    • Value Estimation
      $350,000
      11,250 SF

      5700 Aurelius Rd

      DISTRIBUTION WAREHOUSE • 11,250 SF
      5700 Aurelius Rd, Lansing, MI 48911-4133
      View Details
    • Value Estimation by Request

      Miller Rd

      Distribution properties
      0 Miller Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      90,425 SF

      5500 Aurelius Rd, Unit 1

      DISTRIBUTION WAREHOUSE • 90,425 SF
      5500 Aurelius Rd, Lansing, MI 48911-4120
      View Details
    • Value Estimation
      $1,015,000
      17,014 SF

      5505 Pennsylvania Ave

      DISTRIBUTION WAREHOUSE • 17,014 SF
      5505 Pennsylvania Ave, Lansing, MI 48911-4013
      View Details

    Similar Nearby for Sale

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      Lansing Industrial Property Investment

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      Lansing Warehouse: $400K

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      Lansing Warehouse: $510,400

      Prime Lansing warehouse, ideal for commercial use.
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    • $145,000
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      Lansing Industrial Property: Great Investment

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      5214 Pennsylvania Ave, Lansing, MI 48911
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    • $950,000
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      Clear Span Warehouse For Sale

      Clear span building near highways with 400 amp service.
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      Commercial warehouse building with open space and small office.
      5321 S Pennsylvania Ave, Lansing, MI 48911
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    Similar Nearby for Lease

    • $8 SF/Yr
      30,090 SF

      Oakwood Executive Park Warehouse Space

      Versatile Flex Space, Abundant Parking
      4063 Grand Oak Dr, Lansing, MI 48911
      View Details
    • $8 SF/Yr
      80,256 SF

      Lansing Industrial Warehouse Space

      Midway Park, 15,480 SF Available
      5643 Enterprise Dr, Lansing, MI 48911
      View Details
    • Contact for pricing
      60,000 SF

      Lansing Industrial Space for Lease

      Flexible Manufacturing/Warehouse Space in Lansing, MI
      0 Miller Rd, Lansing, MI 48911
      View Details
    • $6 SF/Yr
      60,422 SF

      Lansing Industrial Facility For Lease

      60,422 SF Manufacturing/Warehouse Space
      5522 Aurelius Rd, Lansing, MI 48911
      View Details
    • $6 SF/Yr
      137,454 SF

      Lansing Warehouse: Prime Location

      137,454 SF Warehouse, Redevelopment Opportunity
      340 Edgewood Blvd, Lansing, MI 48911
      View Details
    • Contact for pricing
      60,000 SF

      Warehouse/Distribution/Manufacturing Facility in Lansing

      Proposed industrial facility with I-96 access, 27' ceilings.
      E Miller Rd, Lansing, MI 48911
      View Details
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    Lansing, MI 48911-4104
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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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