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    Property profile & analytics

    8488 Saginaw Hwy Lansing, MI 48917-8970

    • Drive through restaurants
    • 3,978 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimation
    $3,545,000
    Last Sale
    Jan 13, 2023
    $3,600,000
    Location Intelligence
    Property ID
    US43-2355436
    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

    • Culver's / American Restaurant / Dessert Restaurant

    Property Details for 8488 Saginaw Hwy

    Year built
    2011
    Lot size
    1.22 lot acres
    Property size
    3,978 SF
    Zone code
    NONE
    Property type
    Drive through restaurants
    APN
    040 009 300 078 00
    APU
    4000930007800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,490,000
      6.5%
      $3,210,000
      7%
      $3,370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,830,000
      Geo Method
      $3,725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,825,000
      Retail
      $3,785,000
      Mixed-Use
      $3,835,000
      Hospitality
      $2,925,000
      Educational
      $3,995,000
      Residential Income
      $3,325,000
      Energy
      $3,605,000
      Income-Based Land
      $3,150,000
      Food Service
      $3,130,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6776
    Latitude
    42.7416
    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
    $35,717
    $0.00
    $0.00
    $689,000
    -
    $0.00
    $0.00
    $1,378,000

    Comparable in this City

    • Value Estimation by Request
      1,308 SF

      3908 Saginaw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,308 SF
      3908 Saginaw Hwy, Lansing, MI 48917-2104
      View Details
    • Value Estimation by Request
      2,216 SF

      4433 Saginaw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,216 SF
      4433 Saginaw Hwy, Lansing, MI 48917-2797
      View Details
    • Value Estimation by Request
      4,843 SF

      5617 Saginaw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,843 SF
      5617 Saginaw Hwy, Lansing, MI 48917-2456
      View Details
    • Value Estimation by Request
      2,535 SF

      728 Waverly Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,535 SF
      728 Waverly Rd, Lansing, MI 48917-4253
      View Details
    • Value Estimation by Request
      2,984 SF

      4021 Saginaw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,984 SF
      4021 Saginaw Hwy, Lansing, MI 48917-2152
      View Details
    • Value Estimation by Request
      4,278 SF

      3920 Saginaw Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,278 SF
      3920 Saginaw Hwy, Lansing, MI 48917-2104
      View Details

    Similar Nearby for Sale

    • $889,000
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      Lansing Drive-Thru Restaurant

      Prime QSR location, high traffic area.
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      Retail space with excellent freeway visibility and easy access.
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      Lansing Retail/Office Investment Opportunity

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    Similar Nearby for Lease

    • $11 SF/Yr
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      Retail Space with Drive-Thru

      End-cap retail space with drive-up window in C and N Plaza.
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      View Details
    • Contact for pricing
      6,000 SF

      Lansing Retail Space - 6000 SF

      High-traffic retail building, ideal for restaurant or other uses.
      1601 S. Waverly Rd. Lansing, MI 48917, Lansing, MI 48917
      View Details
    • Contact for pricing
      779,656 SF

      Lansing Mall Retail Spaces

      Prime Lansing retail, multiple spaces available.
      5330 Saginaw Hwy, Lansing, MI 48917
      View Details
    • $28 SF/Yr
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      Delta Township Retail Center

      High-traffic retail space available.
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      View Details
    • $17 SF/Yr
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      Retail Space in Saginaw Centre

      Retail and restaurant spaces for lease in Lansing, Michigan.
      4359-4411 W Saginaw Hwy, Lansing, MI 48917
      View Details
    • $11 SF/Yr
      29,459 SF

      Lansing Warehouse: 30,000 SF Retail Space

      Mid-Michigan retail warehouse, ample parking.
      6025 Saginaw Hwy, Lansing, MI 48917
      View Details

    Property Visit Statistics

    • Visits by month
      31.2k
    • Visitors by month
      27.6k
    • Avg Time on site
      18 min
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    8488 Saginaw Hwy
    Lansing, MI 48917-8970
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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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