Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    919 Grand River Ave East Lansing, MI 48823

    • Office buildings
    • 5,358 SF
    • 0.23 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    $330,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1367182
    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

    • Englishunt / Association / Organization
    • Rise Smoke/Vape Shop / Tobacco Shop / Vaporizer Store
    • Roto-Rooter Plumbing & Water Cleanup / Excavating Contractor / Repair Service
    • Vitafeeds LLC / Animal Feed Store
    • Sansu Systems / Office Supply Store

    Property Details for 919 Grand River Ave

    Year built
    1960
    Lot size
    0.23 lot acres
    Property size
    5,358 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    33-20-02-18-402-003
    APU
    33200218402003

    Description

    This exceptional East Lansing commercial property, located at 919 E Grand River Ave, offers 2,679 square feet of immediately available space in a two-story building totaling 5,358 square feet. The space is ideally suited for medical or creative office uses, boasting abundant natural light and two convenient points of ingress/egress. Situated directly across from Michigan State University, this location provides unparalleled access to a substantial student and faculty population (63,000). The property benefits from a high-visibility position at a well-lit intersection along East Lansing's main commercial artery, offering excellent potential for high-profile signage. On-site parking is a possibility. The building is zoned commercial and is located in Ingham County, Michigan, zip code 48823. Nearby amenities include a diverse range of retailers such as 7-Eleven, Target, Walgreens, Starbucks, Panda Express, and Buffalo Wild Wings, enhancing the property's appeal and convenience. This is a single-suite space within a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $320,000
      Market price range: $73.5k - $846k
      AI Estimate
      $271,000
      Market price range: $152k - $754k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $530,000
      Current use
      AUTO REPAIR, GARAGE
      $540,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $425,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4717
    Latitude
    42.7323
    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
    2019
    $11,565
    $39,600
    $97,500
    $137,100
    -
    $79,200
    $195,000
    $274,200

    Comparable in this City

    • Value Estimation by Request

      2651 Coolidge Rd

      Office space available
      2651 Coolidge Rd., East Lansing, MI 48823, Lansing, MI 48823
      View Details
    • Value Estimation
      $660,000
      24,872 SF

      1401 Lansing Dr Ste, Unit 105

      OFFICE BUILDING • 24,872 SF
      1401 Lansing Dr Ste, East Lansing, MI 48823-7787
      View Details
    • Value Estimation
      $570,000
      18,664 SF

      1427 Saginaw St

      OFFICE BUILDING • 18,664 SF
      1427 Saginaw St, East Lansing, MI 48823-3990
      View Details
    • Value Estimation
      $1,055,000
      83,709 SF

      333 Grand Riv Ave, Unit 19

      OFFICE BUILDING • 83,709 SF
      333 Grand Riv Ave, East Lansing, MI 48823-4324
      View Details
    • Value Estimation by Request
      108,045 SF

      2501 Coolidge Rd

      OFFICE BUILDING • 108,045 SF
      2501 Coolidge Rd, East Lansing, MI 48823-6352
      View Details
    • Value Estimation by Request
      14,400 SF

      3515 Coolidge Rd

      OFFICE BUILDING • 14,400 SF
      3515 Coolidge Rd, East Lansing, MI 48823-8014
      View Details

    Similar Nearby for Sale

    • $349,000
      2,004 SF

      Renovated East Lansing Office Building

      Recently renovated office building in East Lansing, ideal for investors.
      1125 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      16,720 SF

      Class A Office Space Available

      Class A office building with suites available near US-127.
      139 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $425,000
      2,487 SF

      East Lansing Office Investment Opportunity

      Well-maintained office building in East Lansing's Gaslight Village.
      3448 E Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • $110,000
      958 SF

      East Lansing Office Condo For Sale

      Office condo for sale near highway and MSU campus.
      1451 East Lansing Dr, East Lansing, MI 48823
      View Details
    • $375,000
      2,890 SF

      Grand River Ave Medical Office

      East Lansing medical office building, $375,000
      415 Grand River Ave, East Lansing, MI 48823
      View Details
    • Contact for pricing
      14,912 SF

      East Lansing Office Suite For Sale

      Well-appointed office suite in East Lansing's Watertower Place Office Park.
      1675 Watertower Pl, East Lansing, MI 48823
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,477 SF

      Trowbridge Village: Retail & Office Space

      Prime Lansing Location: Multiple Suites Available
      940 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • $35 SF/Yr
      2,930 SF

      Abbot Road Executive Office Space

      Prime East Lansing Office Suite, MSU Views
      100 Grand River Ave, East Lansing, MI 48823
      View Details
    • $21 SF/Yr
      57,040 SF

      Abbott Center I

      Office space • 57,040 SF
      1400 Abbot Rd, East Lansing, MI 48823
      View Details
    • $20 SF/Yr
      21,000 SF

      East Lansing Executive Office Space

      Class A Office Suites Available Now
      2911 Eyde Pkwy, East Lansing, MI 48823
      View Details
    • $20 SF/Yr
      800 SF

      East Lansing Office Space Available

      Office space for rent in East Lansing, 800 square feet.
      271 Woodland Pass, East Lansing, MI 48823
      View Details
    • $600 /Mo
      165 SF

      Loft-Style Office Space Available

      Modern office with secure access and reserved parking.
      1151 Michigan Ave, East Lansing, MI 48823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    919 Grand River Ave
    East Lansing, MI 48823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.