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    Property profile & analytics

    5849 Enterprise Dr, Unit 4 Lansing, MI 48911-4108

    • Turn key restaurants
    • 2,403 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US43-5248009
    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

    • D-BAT Mid-Michigan / Batting Cage Center
    • Michigan Tent and Party Rentals / Party Equipment Rental Service

    Property Details for 5849 Enterprise Dr

    Year built
    2000
    Lot size
    2.78 lot acres
    Property size
    2,403 SF
    Zone code
    I HVY
    Property type
    Turn key restaurants
    APN
    33-01-05-03-426-051
    APU
    33010503426051

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $295,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $240,000
      Mixed-Use
      $295,000
      Hospitality
      $255,000
      Educational
      $315,000
      Residential Income
      $280,000
      Energy
      $270,000
      Income-Based Land
      $235,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5261
    Latitude
    42.6722
    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
    2022
    $11,325
    $88,200
    $105,100
    $193,300
    -
    $176,400
    $210,200
    $386,600

    Comparable in this City

    • Value Estimation
      $435,000
      2,296 SF

      5645 Cedar St, Unit 6

      RESTAURANT • 2,296 SF
      5645 Cedar St, Lansing, MI 48911-3810
      View Details
    • Value Estimation
      $335,000
      2,919 SF

      5600 Pennsylvania Ave, Unit 17

      RESTAURANT • 2,919 SF
      5600 Pennsylvania Ave, Lansing, MI 48911-4014
      View Details
    • Value Estimation by Request
      9,984 SF

      5443 Cedar St, Unit 1

      RESTAURANT • 9,984 SF
      5443 Cedar St, Lansing, MI 48911-3806
      View Details
    • Value Estimation by Request
      4,644 SF

      6724 Cedar St, Unit 2

      RESTAURANT • 4,644 SF
      6724 Cedar St, Lansing, MI 48911-6903
      View Details
    • Value Estimation
      $405,000
      4,503 SF

      6200 Cedar St

      RESTAURANT • 4,503 SF
      6200 Cedar St, Lansing, MI 48911-5715
      View Details
    • Value Estimation by Request
      5,553 SF

      900 American Rd, Unit 6

      RESTAURANT • 5,553 SF
      900 American Rd, Lansing, MI 48911-5953
      View Details

    Similar Nearby for Sale

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      Prime Lansing QSR/Restaurant

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      Commercial property with dual revenue streams at a high-traffic intersection.
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      Retail Property in Lansing, MI

      Retail property available for sale in Lansing, Michigan.
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    Similar Nearby for Lease

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      Prime Retail/Office Space Available
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    • Contact for pricing
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      Prime Lansing retail space, high visibility location.
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    • $12 SF/Yr
      1,795 SF

      Retail Space Available For Lease

      Retail space for lease, formerly a Check and Go.
      6510 S Cedar St, Lansing, MI 48911
      View Details
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    5849 Enterprise Dr, Unit 4
    Lansing, MI 48911-4108
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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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