16150 Grove Rd, Lansing, MI 48906 - Valuation report, cap rates, free data
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16150 Grove Rd, Lansing, MI 48906

Indicative value *
$6.3M - $7.7M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
99
Value decline
risk score
99
Value growth
potential score
  • Business district area with 1% of people residing in the area and 99% commuting here for work
  • Gentrifying area
  • Medium employee density of 9,737/sq.mi. in 0.3mi and low employee density of 320/sq.mi. in 3mi
  • Medium levels of salaries of $40,000 per year
  • Largest industires include Light Manufacturing, Wholesale, Employment Services
  • Medium-sized business tenants in the area, including Multi Packaging Solutions, Franchino Mold & Engineering, Fox Brothers Company, Paramount Coffee, Paramount Coffee Company Inc., MRK Enterprises, Eckhart & Assoc. Inc., Mpc Cash-way Lumber Company Inc., Valley Farms Supply Inc., American Rentals, Michalski Enterprises Inc. D/b/a/ Tool Craft Corporation
  • Limited public transit with transit score of 0 (out of 100)
  • Far from highways, highway score is 22 (out of 100)
  • Limited business growth
  • Low job growth in the area (within 3mi radius)
  • Not popular area with foot traffic score of 0 (out of 100)
  • Far from an urban center
  • Very few amenities within walking distance
  • USA / Michigan / 48906 / 16150 Grove Rd, Lansing, MI 48906, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    28078
    33
    27.66
    05/21/19
    Office
    28144
    7
    122.48
    04/09/19
    Office
    12336
    16
    51.3
    10/30/18
    Office
    13378
    46
    4.03
    08/22/18
    Office
    10054
    35
    29.81
    10/25/17
    Office
    14176
    12
    77.25
    06/21/17
    Office
    14176
    8
    115.08
    04/13/17
    Office
    56032
    142
    8.97
    01/03/17
    Office
    19576
    131
    4.49
    12/16/16
    Office
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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