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Property profile & analytics
OFF-MARKET
Retail space
5620 Cedar St, Lansing, MI 48911-3809
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1676430
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
3,610 SF
Lot
1.12 ac (48,787 SF)
Zoning code
G-2 WHO
APN
33-01-05-04-401-068
UPID
US43-1676430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5620 Park Place LLC · 1 yrs held
5620 Park Place LLC
since 2024
6 recorded transactions
Zoning & alternative use
G-2 WHO · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$14,323
Tax year 2020
Assessed value
$413,800
Assessed 2023
Previous assessed
$201,300
+105.6% YoY
Effective rate
3.46%
On assessed value
Assessed land
$96,900
Assessed improvement
$316,900
Land market value
$193,800
Improvement market value
$633,800
Total market value
$827,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
YES
Stories
1
Bathrooms
1
Total area
3,610 SF
Lot
1.12 ac (48,787 SF)
Zoning code
G-2 WHO
APN
33-01-05-04-401-068
UPID
US43-1676430
Jurisdiction
INGHAM
Zoning & alternative use
G-2 WHO · Lansing, MI
Zoning G-2 WHO · permitted uses
G-2 WHO · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
YES
Stories
1
Bathrooms
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
5620 Park Place LLC
Entity
Mailing address
22405 S CHATSFORD CIRCUIT ST, SOUTHFIELD, MI 48034-6242
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
5620 Park Place LLC
Webberville Real Estate Fund Ven Ll
Warranty Deed
$950,000 · Dort Financial Cu
Sep 5, 2019
—
Webberville R & E Fund Ventures
Spadafore Family LP
Warranty Deed
—
Feb 24, 2011
$162,500
Spadafore Family LP
Vandomelen W F Trust
Warranty Deed
$93,500 · Capitol National Bank
Mar 8, 2004
—
Vandomelen,william F Trust
Vandomelen,william F
Quit Claim Deed
related
—
—
—
Spadafore Family LP
—
Deed Of Trust
related
$79,000 · Michigan Certified Development
—
—
Spadafore Family LP
—
Deed Of Trust
related
$79,000 · Michigan Certified Development
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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