Property profile

913 W Holmes Rd Lansing, MI 48910

FOR LEASE
Office buildings
Property ID
US43-1938319
61,064 SF 3.77 ac lot Built 1980
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building, totaling 61,064 square feet, is ideally situated at 913 W Holmes Rd, Lansing, MI 48910. The property boasts a prime location in Lansing, offering easy access to major city hubs and is conveniently close to the communities it serves. Currently offering multiple tenancies, this Class C building features flexible floor plans ranging from a minimum of 97 square feet to a maximum contiguous space of 1,537 square feet, with a total of 2,868 square feet currently vacant. The building is zoned for professional office use and sits on a generous 3.77-acre lot, providing ample space and parking for tenants and visitors. With 130 total parking spaces available, accessibility is ensured. The building offers a variety of office subtypes including executive, creative, and traditional office spaces, making it suitable for a range of organizations. While elevators are not present, the building features an 8-foot ceiling height throughout. The property benefits from on-site management and maintenance, simplifying operations for tenants. All-inclusive pricing simplifies budgeting, covering heat, electricity, and building maintenance. A limited-time incentive of up to one year of free rent is available for qualified tenants with a term lease agreement. The property's APN is 33-01-01-32-226-542. This building provides a supportive environment for nonprofits and community-focused organizations, fostering collaboration and growth within a vibrant community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 61,064 SF
Lot 3.77 ac (164,221 SF)
Zoning code F COMM
APN 33-01-01-32-226-542
UPID US43-1938319

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Crisis Center Medical Clinic
  • Tax Preparation
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Church

Location

913 W Holmes Rd Lansing, MI 48910
Lansing metro Census 3700 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.78M

Owner & transaction history

since 2024
Last sale
$2.6M
3 recorded transactions
2024
Price N/A
2022
$2.6M
2018
Price N/A

Zoning & alternative use

F COMM · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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