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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
600 Maple St, Lansing, MI 48906-5093
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1393994
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
17,358 SF
Lot
1.98 ac (86,379 SF)
Zoning code
B RESID
APN
33-01-01-08-427-101
UPID
US43-1393994
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
Current use
Occupant on record · Public records
-
Pine Street Head Start High School Daycare Center
-
Fellowship For Today Spiritual Center
-
Refugee Development Center Charitable Organization Social Service Agency
-
cahp Housing Association
-
Capital Area Housing Partnership Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.43M
Owner & transaction history
Capitol Area Hsng Ptshp · 7 yrs held
Capitol Area Hsng Ptshp
since 2018
7 recorded transactions
Zoning & alternative use
B RESID · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+3.7%
Auto repair, garage
$1.5M
+1.4%
Medical building
$1.5M
+1.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,460,000
Current use
RESTAURANT
$1,515,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,480,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,475,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
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 2022Property tax & assessments
Tax year 2022
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Stories
1
Total area
17,358 SF
Lot
1.98 ac (86,379 SF)
Zoning code
B RESID
APN
33-01-01-08-427-101
UPID
US43-1393994
Jurisdiction
INGHAM
Zoning & alternative use
B RESID · Lansing, MI
Zoning B RESID · permitted uses
B RESID · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Capitol Area Hsng Ptshp
Individual
Mailing address
600 W MAPLE ST STE D, LANSING, MI 48906-5094
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2018
—
Capitol Area Hsng Ptshp
Greater Lansing Nonprofit Hsng
Quit Claim Deed
related
—
Dec 26, 2017
—
Abigail Senior Apts Ltd Divide
—
Deed
related
$545,003 · Preservation Nonprofit Hsng Co
Aug 9, 2010
—
Greater Lansing Hsng Coalition
—
Trustees Deed
related
$657,793 · Housing Development Corp
Jun 30, 2010
—
Greater Lansing Hsng Coalition
—
Trustees Deed
related
$657,793 · Housing Development Corp
Jul 21, 2009
$261,650
Greater Lansing Hsng Coalition
Lhc Non-profit Dev Corp
Warranty Deed
—
—
—
Greater Lansing Hsng Coalition
—
Deed Of Trust
related
$657,793 · Housing Development Corp
—
—
Greater Lansing Hsng Coalition
—
Deed Of Trust
related
$267,000 · City Of Lansing
—
—
Greater Lansing Non-profit Hsn
—
Deed Of Trust
related
$75,000 · Local Initiatives Support Corp
—
—
Abigail Senior Apts Ltd Divide
—
Deed Of Trust
related
$545,003 · Preservation Nonprofit Hsng Co
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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