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Property profile & analytics
OFF-MARKET
Warehouses
7808 Lanac St Lansing, MI 48917-9574
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1973767
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
5,275 SF
Lot
1.03 ac (44,867 SF)
Zoning code
NONE
APN
040 046 200 150 00
UPID
US43-1973767
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
-
B&L Janitorial Carpet Cleaning Carpet Cleaning Service Cleaning Service
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
B & L Janitorial Carpet Cleaning In · 5 yrs held
B & L Janitorial Carpet Cleaning In
since 2020
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
NONE · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,955
Tax year 2023
Assessed value
$198,500
Assessed 2024
Previous assessed
$192,200
+3.3% YoY
Effective rate
5.52%
On assessed value
Total market value
$397,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
5,275 SF
Lot
1.03 ac (44,867 SF)
Zoning code
NONE
APN
040 046 200 150 00
UPID
US43-1973767
Jurisdiction
EATON
Zoning & alternative use
NONE · Lansing, MI
Zoning NONE · permitted uses
NONE · 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
1989
Heating
FORCED AIR
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
B & L Janitorial Carpet Cleaning In
Individual
Mailing address
2812 E VERMONTVILLE HWY, CHARLOTTE, MI 48813-8708
Ownership since
2020
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
Nov 4, 2020
—
B & L Janitorial Cleaning INC
—
Deed
related
$140,000 · Michigan Certified Development Corp
Aug 26, 2020
$325,000
B & L Janitorial Carpet Cleaning In
Access Bidco LLC
Warranty Deed
$167,500 · Capitol National Bank
Aug 26, 2020
—
B & L Janitoral Carpet Cleaning INC
—
Deed
related
$133,500 · Capitol National Bank
Feb 5, 2020
—
Bidco LLC
V & W Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Mar 3, 2017
—
V & W Holdings LLC
—
Deed
related
$375,000 · Access Bidco LLC
Dec 23, 2014
—
V & W Holdings LLC
Crispin Velasquez
Quit Claim Deed
related
—
Feb 21, 2014
—
Crispin Velasquez
Maria Velasquez
Intrafamily Transfer
related
—
Nov 13, 2012
$300,000
V & W Holdings LLC
Lanac Property LLC
Warranty Deed
—
Oct 11, 2006
—
Lanac Property LLC
Gordon B Jones
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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