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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
7045 Cedar St Lansing, MI 48911-6960
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-5165463
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
6,460 SF
Lot
0.67 ac (29,011 SF)
Zoning code
F COMM
APN
33-01-05-10-379-051
UPID
US43-5165463
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
-
Big Ten Holt (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Dennis Samuel Weinstein Alternative Medicine Practice
-
Dennis Weinstein Alternative Medicine Practice
-
Innate Chiropractic Center Alternative Medicine Practice
-
Love Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$570k
Owner & transaction history
Jlm Land LLC · 3 yrs held
Jlm Land LLC
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$565,000
+36.0%
Auto repair, garage
$550,000
+33.0%
Medical building
$550,000
+32.5%
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
$565,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$415,000
Current use
RESTAURANT
$565,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: +29% · Conversion: Moderate
RETAIL STORES
$460,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$405,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$375,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $600k (Feb 13 2023)
Last sale anchor
$600k
Feb 13 2023
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
$88 / 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
$20,286
Tax year 2020
Assessed value
$265,100
Assessed 2023
Previous assessed
$264,200
+0.3% YoY
Effective rate
7.65%
On assessed value
Assessed land
$58,000
Assessed improvement
$207,100
Land market value
$116,000
Improvement market value
$414,200
Total market value
$530,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
YES
Stories
1
Bathrooms
3
Total area
6,460 SF
Lot
0.67 ac (29,011 SF)
Zoning code
F COMM
APN
33-01-05-10-379-051
UPID
US43-5165463
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MIZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$415,000
RESTAURANT
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$550,000
MEDICAL BUILDING
Est. value
$550,000
OFFICE BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$460,000
INDUSTRIAL (GENERAL)
Est. value
$405,000
WAREHOUSE, STORAGE
Est. value
$375,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1985
Heating
YES
Stories
1
Bathrooms
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Jlm Land LLC
Entity
Mailing address
833 LAURELWOOD DR, LANSING, MI 48917-7727
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
—
Jlm Land LLC
—
Deed
related
$600,000 · Commercial Bank
Feb 13, 2023
$600,000
Jlm Land LLC
7045 S Cedar LLC
Warranty Deed
$450,000 · Michigan State University FCU
Nov 13, 2020
—
7045 S Cedar LLC
—
Deed
related
$1,500,000 · Amjay Ptrs 2 LLC
May 17, 2019
$569,000
7045 S Cedar LLC
S & S Ents Of Michigan LLC
Warranty Deed
—
Nov 23, 2010
—
S & S Ents Of Mi LLC
Migaldi Eugene Trust
Quit Claim Deed
related
—
Jul 17, 2007
$24,072
S & S Ents Of Michigan
Treasurer Of Ingham County
Grant Deed
related
—
—
—
7045 S Cedar LLC
—
Deed Of Trust
related
$1,500,000 · Amjay Ptrs 2 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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