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    Property profile & analytics

    840 Mt Hope Ave Lansing, MI 48910-3292

    • Medical offices
    • 5,293 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US43-0155630
    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

    • Workhealth / Occupational Medical Physician / Medical Clinic
    • Dr. Alonso Collar, MD / Vascular Surgeon
    • Dr. Nina Mattarella / Pediatrician / Internist

    Property Details for 840 Mt Hope Ave

    Year built
    1965
    Lot size
    1.13 lot acres
    Property size
    5,293 SF
    Zone code
    D-1 PRO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    33-01-01-27-103-062
    APU
    33010127103062

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $275,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $285,000
      Mixed-Use
      $270,000
      Hospitality
      $295,000
      Educational
      $295,000
      Residential Income
      $255,000
      Energy
      $260,000
      Income-Based Land
      $330,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5404
    Latitude
    42.7115
    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
    2020
    $13,163
    $97,500
    $175,600
    $273,100
    -
    $195,000
    $351,200
    $546,200

    Comparable in this City

    • Value Estimation
      $320,000
      5,164 SF

      4902 Cedar St

      MEDICAL BUILDING • 5,164 SF
      4902 Cedar St, Lansing, MI 48910-5474
      View Details
    • Value Estimation
      $270,000
      2,453 SF

      5015 Pennsylvania Ave

      MEDICAL BUILDING • 2,453 SF
      5015 Pennsylvania Ave, Lansing, MI 48910-7622
      View Details
    • Value Estimation
      $350,000
      15,534 SF

      3333 Pennsylvania Ave, Unit 3

      MEDICAL BUILDING • 15,534 SF
      3333 Pennsylvania Ave, Lansing, MI 48910-4795
      View Details
    • Value Estimation
      $215,000
      1,892 SF

      4801 Martin Luther King Jr Blvd, Unit 75

      MEDICAL BUILDING • 1,892 SF
      4801 Martin Luther King Jr Blvd, Lansing, MI 48910-5111
      View Details
    • Value Estimation
      $325,000
      19,320 SF

      2025 Washington Ave

      MEDICAL BUILDING • 19,320 SF
      2025 Washington Ave, Lansing, MI 48910-0828
      View Details
    • Value Estimation by Request
      4,508 SF

      2901 Stabler St

      MEDICAL BUILDING • 4,508 SF
      2901 Stabler St, Lansing, MI 48910-3022
      View Details

    Similar Nearby for Sale

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      4,508 SF office building with ample parking.
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      Fully remodeled office with original wood trim, move-in ready.
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    Similar Nearby for Lease

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      11,364 SF

      Lansing Medical Office Building

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    • $17 SF/Yr
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      Prime Medical Office Space, 9,698 SF Available
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    • $28 SF/Yr
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      Medical Office Near Michigan State

      Medical office building near Michigan State and McLaren Hospital.
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    • $8 SF/Yr
      7,222 SF

      South Lansing Executive Office Suites

      Three suites, 1,000-2,500 sq ft available
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    • Contact for pricing
      1,445 SF

      Lansing Office Building - 1445 SF

      Prime Lansing Office Space, I-496 proximity.
      1134 S. Washington Ave. Lansing, MI 48910, Lansing, MI 48910
      View Details
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    Lansing, MI 48910-3292
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    Realmo Value Estimation

    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.

    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.

    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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