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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Retail space
921 Holmes Rd, Lansing, MI 48910-0439
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-1825875
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
30,000 SF
Lot
11.1 ac (483,516 SF)
Zoning code
F COMM
APN
33-01-01-32-226-552
UPID
US43-1825875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
KrogerMichigan0884 Electronics Vending Machine
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
-
Ria Money Transfer - Kroger Bank Credit Union
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.30M
Owner & transaction history
Southwind Acquisition LLC · 12 yrs held
Southwind Acquisition LLC
since 2014
1 recorded transaction
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+45.5%
Auto repair, garage
$2.6M
+42.3%
Medical building
$2.6M
+41.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,525,000
6.5%
$4,175,000
7%
$3,880,000
Alternative Use
Use
Estimation
RESTAURANT
$2,620,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,560,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$2,550,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$2,095,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$130,042
Tax year 2022
Assessed value
$2,828,600
Assessed 2023
Previous assessed
$2,545,600
+11.1% YoY
Effective rate
4.60%
On assessed value
Assessed land
$612,600
Assessed improvement
$2,216,000
Land market value
$1,225,200
Improvement market value
$4,432,000
Total market value
$5,657,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
YES
Buildings
2
Stories
1
Bathrooms
20
Total area
30,000 SF
Lot
11.1 ac (483,516 SF)
Zoning code
F COMM
APN
33-01-01-32-226-552
UPID
US43-1825875
Jurisdiction
INGHAM
Zoning & alternative use
F COMM · Lansing, MI
Zoning F COMM · permitted uses
F COMM · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
YES
Stories
1
Buildings
2
Bathrooms
20
Lot
11.1 ac
Current owner
From public records · entity-resolved
Southwind Acquisition LLC
Entity
Mailing address
7486 LAKEPOINT ST, WEST BLOOMFIELD, MI 48323-1044
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2014
—
Southwind Acquisition LLC
Michael Village LLC
Quit Claim Deed
related
$5,685,000 · Talmer Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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