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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
6300 Cedar St, Lansing, MI 48911-5957
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0798344
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Total area
8,620 SF
Lot
1.6 ac (69,609 SF)
Zoning code
F COMM
APN
33-01-05-09-226-025
UPID
US43-0798344
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
-
Xfinity Store by Comcast Branded Partner Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$840k
Owner & transaction history
Vk Cedar Realy LLC · 5 yrs held
Vk Cedar Realy LLC
since 2021
7 recorded transactions
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$750,000
+22.2%
Auto repair, garage
$735,000
+19.5%
Medical building
$735,000
+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
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
RETAIL STORES
$615,000
Current use
RESTAURANT
$750,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$540,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$97 / 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
$103,519
Tax year 2020
Assessed value
$706,100
Assessed 2023
Previous assessed
$779,500
-9.4% YoY
Effective rate
14.66%
On assessed value
Assessed land
$135,000
Assessed improvement
$571,100
Land market value
$270,000
Improvement market value
$1,142,200
Total market value
$1,412,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
1
Bathrooms
4
Total area
8,620 SF
Lot
1.6 ac (69,609 SF)
Zoning code
F COMM
APN
33-01-05-09-226-025
UPID
US43-0798344
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
$615,000
RESTAURANT
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
INDUSTRIAL (GENERAL)
Est. value
$540,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2011
Heating
FORCED AIR
Stories
1
Bathrooms
4
Lot
1.6 ac
Current owner
From public records · entity-resolved
Vk Cedar Realy LLC
Entity
Mailing address
16384 LINCOLN DR, NORTHVILLE, MI 48168-6833
Ownership since
2021
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
Apr 9, 2021
—
Vk Cedar Realy LLC
Lansing Investment Partners LLC
Deed
—
Apr 5, 2021
—
Vk Cedar Realty LLC
—
Deed
related
$3,360,000 · Community Choice Cu
Nov 8, 2019
—
Lansing Inv Partners LLC
—
Deed
related
$3,335,000 · Cibc Bk USA
Oct 9, 2018
—
Lansing Inv Ptrs LLC
—
Deed Of Trust
related
$3,110,000 · Cibc Bk USA
Jul 25, 2018
—
Lansing Invs Ptrs LLC
Finleys 505 LLC
Warranty Deed
—
Feb 21, 2018
—
Finleys 505 LLC
—
Deed
related
$300,000 · Our Echo LLC
Sep 26, 2005
—
Finleys 505 LLC
Sibsco LLC
Warranty Deed
$800,000 · Huntington National Bank
—
—
Lansing Inv Partners LLC
—
Loan Modification
related
$3,335,000 · Cibc Bk USA
—
—
Finleys 505 LLC
—
Deed Of Trust
related
$300,000 · Our Echo LLC
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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