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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
6001 Pennsylvania Ave, Lansing, MI 48911-5234
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1568770
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
8,000 SF
Lot
0.63 ac (27,573 SF)
Zoning code
F COMM
APN
33-01-05-03-378-002
UPID
US43-1568770
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
-
Canna Plug (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Unlfled Management Holdings LLC · 3 yrs held
Unlfled Management Holdings LLC
since 2022
Last sale
$663,000
5 recorded transactions
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$700,000
+22.2%
Auto repair, garage
$685,000
+19.5%
Medical building
$680,000
+19.1%
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
$710,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
RESTAURANT
$700,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$660,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$500,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$465,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $663k (Jul 21 2022)
Last sale anchor
$663k
Jul 21 2022
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
$86 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$15,995
Tax year 2020
Assessed value
$223,400
Assessed 2023
Previous assessed
$216,200
+3.3% YoY
Effective rate
7.16%
On assessed value
Assessed land
$55,100
Assessed improvement
$168,300
Land market value
$110,200
Improvement market value
$336,600
Total market value
$446,800
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
1966
Heating
YES
Stories
1
Total area
8,000 SF
Lot
0.63 ac (27,573 SF)
Zoning code
F COMM
APN
33-01-05-03-378-002
UPID
US43-1568770
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MI
Zoning F COMM · permitted uses
F COMM · 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
RETAIL STORES Current
Est. value
$570,000
RESTAURANT
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$685,000
MEDICAL BUILDING
Est. value
$680,000
OFFICE BUILDING
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$465,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
Year built
1966
Heating
YES
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Unlfled Management Holdings LLC
Entity
Mailing address
5829 EXECUTIVE DR, LANSING, MI 48911-5337
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$663,000
Unlfled Management Holdings LLC
Agronomod INC
Warranty Deed
$530,400 · Joseph Perillo
Sep 9, 2020
$585,000
Agronomod INC
Nathan Invs LLC
Warranty Deed
—
Nov 12, 2014
$512,310
Niki Properties INC
Bj Property LLC
Grant Deed
—
Sep 29, 2006
—
Niki Properties INC
Bj Property LLC
Grant Deed
—
Apr 28, 2004
—
Bj Property LLC
Maguire B J JR Trust
Quit Claim Deed
related
—
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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