New search
Property profile & analytics
OFF-MARKET
Retail space
726 Michigan Ave 2, Lansing, MI 48912-1435
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1507270
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Total area
7,708 SF
Lot
0.34 ac (15,028 SF)
Zoning code
H LT IN
APN
33-01-01-15-302-002
UPID
US43-1507270
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Capital City Venture LLC · 1 yrs held
Capital City Venture LLC
since 2024
7 recorded transactions
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,133
Tax year 2020
Assessed value
$198,800
Assessed 2023
Previous assessed
$177,300
+12.1% YoY
Effective rate
5.60%
On assessed value
Assessed land
$52,600
Assessed improvement
$146,200
Land market value
$105,200
Improvement market value
$292,400
Total market value
$397,600
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
1926
Heating
YES
Stories
1
Bathrooms
2
Total area
7,708 SF
Lot
0.34 ac (15,028 SF)
Zoning code
H LT IN
APN
33-01-01-15-302-002
UPID
US43-1507270
Jurisdiction
INGHAM
Zoning & alternative use
H LT IN · Lansing, MI
Zoning H LT IN · permitted uses
H LT IN · 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.
Building & site characteristics
From public records
Year built
1926
Heating
YES
Stories
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Capital City Venture LLC
Entity
Mailing address
29231 WELLINGTON ST, FARMINGTON HILLS, MI 48334-4160
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Capital City Venture LLC
Eastman Ga Center LLC
Deed
—
Nov 16, 2016
—
Eastman Ga Center LLC
—
Deed
related
—
Dec 17, 2013
$900,000
Eastman Ga Center LLC
726 E Michigan LLC
Warranty Deed
$675,000 · Michigan Commerce Bank
Nov 3, 2011
—
726 E Michigan LLC
Infinity Companies LLC
Warranty Deed
—
May 8, 2006
—
Infinity Companies LLC
—
Trustees Deed
related
$700,000 · Flagstar Bank Fsb
Aug 18, 2005
$220,000
Infinity Companies LLC
Fulton,nancy
Warranty Deed
$225,000 · Citizens Federal Bank Fsb
Feb 1, 2005
$265,280
Comerica Bank
Sheriff Of Ingham County
Trustees Deed
related
—
—
—
726 E Michigan LLC
—
Deed Of Trust
related
$560,000 · Independent Bank
—
—
726 E Michigan LLC
—
Deed Of Trust
related
$35,000 · Independent Bank
—
—
Eastman Ga Center LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 726 Michigan Ave, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
