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    Property profile & analytics

    8872 Lansing Rd Durand, MI 48429-1049

    • Outlet malls
    • 20,515 SF
    • 3.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2482428
    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

    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
    • Self Serve Lumber & Home Center / Home Improvement Store

    Property Details for 8872 Lansing Rd

    Lot size
    3.03 lot acres
    Property size
    20,515 SF
    Zone code
    I-1
    Property type
    Outlet malls
    APN
    020-82-014-002
    APU
    2082014002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durand
    County
    Shiawassee
    State
    Michigan
    Longitude
    -83.9913
    Latitude
    42.9251
    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
    2024
    $21,353
    $0.00
    $0.00
    $339,270
    -
    $0.00
    $0.00
    $678,540

    Comparable in this City

    • Value Estimation by Request
      3,672 SF

      314 Main St

      SHOPPING CENTER, STRIP CENTER • 3,672 SF
      314 Main St, Durand, MI 48429-1707
      View Details
    • Value Estimation by Request
      65,355 SF

      8751-8789 Monroe Rd

      Neighborhood centers • 65,355 SF
      8751-8789 Monroe Rd, Durand, MI 48429
      View Details
    • Value Estimation by Request
      4,165 SF

      8581 Lansing Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,165 SF
      8581 Lansing Rd, Durand, MI 48429-1038
      View Details
    • Value Estimation by Request
      2,706 SF

      707 Saginaw St

      CONVENIENCE STORE • 2,706 SF
      707 Saginaw St, Durand, MI 48429-1246
      View Details
    • Value Estimation by Request
      5,236 SF

      202 Saginaw St

      RETAIL STORES (PERSONAL SERVICES) • 5,236 SF
      202 Saginaw St, Durand, MI 48429-1166
      View Details
    • Value Estimation by Request
      5,144 SF

      230 Main St

      RESTAURANT • 5,144 SF
      230 Main St, Durand, MI 48429-1612
      View Details

    Similar Nearby for Sale

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      Downtown Durand Commercial Opportunity

      Prime commercial space with high visibility and endless potential.
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    • $500,000
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      Durand Land: Prime Retail Opportunity

      1.38-acre lot, I-69 visibility, drive-thru approved.
      8616 Lansing Rd, Durand, MI 48429
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    • $95,000
      1,925 SF

      Downtown Durand Free-Standing Salon

      1,276 SF salon space in downtown Durand.
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    • $200,000
      Pending

      19 Acres Vacant Land For Sale

      19 acres of vacant land with pole barn and shed.
      9680 E Newburg Rd, Durand, MI 48429
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    Similar Nearby for Lease

    • $12 SF/Yr
      65,355 SF

      Monroe Plaza Retail Space

      Durand, MI Shopping Center Opportunity
      8751-8789 Monroe Rd, Durand, MI 48429
      View Details
    • $15 SF/Yr
      11,082 SF

      Durand Retail Space - 11,082 SF

      Prime Durand Retail, Drive-Thru Available
      8531 Lansing Rd, Durand, MI 48429
      View Details
    • $12 SF/Yr
      2,898 SF

      Retail Suite in Monroe Plaza

      In-line retail suite ready for customization in Durand, MI.
      8753-8787 Monroe Rd, Durand, MI 48429
      View Details
    • Contact for pricing

      Durand Retail Hub Land Available

      1.38 AC land in Durand's retail hub for lease.
      8618 Lansing Rd, Durand, MI 48429
      View Details
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    8872 Lansing Rd
    Durand, MI 48429-1049
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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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