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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7636 Northport Dr Lansing, MI 48917-9516

    • Office buildings
    • 11,328 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $1,145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2117211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • J & L Restoration / Water Damage Restoration Service / Air Duct Cleaning Service

    Property Details for 7636 Northport Dr

    Year built
    1996
    Lot size
    1.03 lot acres
    Property size
    11,328 SF
    Zone code
    NONE
    Property type
    Office buildings
    APN
    040 079 800 080 00
    APU
    4007980008000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,173,000
      Market price range: $542k - $2.21M
      AI Estimate
      $1,113,000
      Market price range: $542k - $2.21M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6638
    Latitude
    42.7008
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,828
    $0.00
    $0.00
    $343,000
    -
    $0.00
    $0.00
    $686,000

    Comparable in this City

    • Value Estimation by Request
      4,092 SF

      4000 Michigan Ave

      OFFICE BUILDING • 4,092 SF
      4000 Michigan Ave, Lansing, MI 48917-2856
      View Details
    • Value Estimation
      $9,860,000
      72,484 SF

      7109 Saginaw Hwy

      OFFICE BUILDING • 72,484 SF
      7109 Saginaw Hwy, Lansing, MI 48917-1120
      View Details
    • Value Estimation by Request
      840 SF

      3435 Saint Joseph St

      OFFICE BUILDING • 840 SF
      3435 Saint Joseph St, Lansing, MI 48917-6714
      View Details
    • Value Estimation
      $1,390,000
      11,492 SF

      7435 Westshire Dr

      OFFICE BUILDING • 11,492 SF
      7435 Westshire Dr, Lansing, MI 48917-8660
      View Details
    • Value Estimation
      $6,875,000
      71,900 SF

      4724 Creyts Rd

      OFFICE BUILDING • 71,900 SF
      4724 Creyts Rd, Lansing, MI 48917-8529
      View Details
    • Value Estimation
      $5,285,000
      79,550 SF

      2960 Ena Dr

      OFFICE BUILDING • 79,550 SF
      2960 Ena Dr, Lansing, MI 48917-9554
      View Details

    Similar Nearby for Sale

    • $3,000,000
      29,768 SF

      Lansing Corporate Office Building

      Class A Office, 29,768 SF, $3M
      1044 Eastbury Dr, Lansing, MI 48917
      View Details
    • $369,000
      6,200 SF

      Lansing Retail/Office Investment Opportunity

      Versatile 6,200 SF building in a high-traffic Lansing location.
      3320 W Saginaw St, Lansing, MI 48917
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    • Contact for pricing
      41,826 SF

      Office/Warehouse Space Near Freeways

      Office/warehouse space with immediate freeway access for sale.
      4312 S Creyts Rd, Lansing, MI 48917
      View Details
    • Contact for pricing
      0.93 Acres

      Lansing Office Land: Prime Location

      I-496 Access, Build Your Office
      0 Cherbourg Dr & Michigan Ave, Lansing, MI 48917
      View Details
    • $199,900
      2,214 SF

      Professional Office Condo For Sale

      Office condo in Lansing with flexible configuration options.
      808-836 Centennial Way, Lansing, MI 48917
      View Details
    • Contact for pricing
      8,300 SF

      Modern Retail/Office Space Available

      Newly renovated retail/office space with customizable floor plans.
      4233-4239 West Saginaw Hwy, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      37,000 SF

      Professional Office Building For Lease

      37,000 SF office building with flexible floor plans.
      3815 W St Joseph St, Lansing, MI 48917
      View Details
    • Contact for pricing
      16,339 SF

      Lansing Office Space For Lease

      Office and medical space available for lease starting 09/01/2025.
      4911 West St Joe Hwy, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      10,132 SF

      Lansing Office Space: 915 Centennial Way

      Prime Lansing Office Suites Available
      915 Centennial Way, Lansing, MI 48917
      View Details
    • $14 SF/Yr
      37,000 SF

      Lansing Executive Office Space Available

      Modern Lansing office suites, 641-4821 sq ft.
      3815 St Joseph St, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      3,225 SF

      Lansing Office Space For Rent

      Office space available for lease in Lansing, Michigan.
      6412 Centurion Dr, Lansing, MI 48917
      View Details
    • $2,340 /Mo
      1,870 SF

      Lansing Office Suite For Lease

      Second-floor office suite with flexible space and ample parking.
      5123 St Joe Hwy W, Lansing, MI 48917
      View Details
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    7636 Northport Dr
    Lansing, MI 48917-9516
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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