5867 W Grand River Ave, Lansing, MI 48906 - Valuation report, cap rates, free data
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5867 W Grand River Ave, Lansing, MI 48906

Indicative value *
$1.6M - $2M
* 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
97
Value decline
risk score
50
Value growth
potential score
  • Business district area with 15% of people residing in the area and 85% commuting here for work
  • Gentrifying area
  • Large-sized business tenants in the area, including Multi Packaging Solutions, Franchino Mold & Engineering, Paramount Coffee, Paramount Coffee Company Inc., Eckhart & Assoc. Inc., Mpc Cash-way Lumber Company Inc., Valley Farms Supply Inc., Michalski Enterprises Inc. D/b/a/ Tool Craft Corporation, Smith Tree & Landscape Service, Inc., Leavitt & Starck Excavating Inc., A & M Aquatics
  • Medium levels of salaries of $39,000 per year
  • Largest industires include Light Manufacturing, Building Construction
  • Limited public transit with transit score of 0 (out of 100)
  • Far from highways, highway score is 49 (out of 100)
  • Low employee density of 828/sq.mi. in 0.3mi and 329/sq.mi. in 3mi
  • 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 / 5867 W Grand River Ave, Lansing, MI 48906, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    5728
    41
    19.45
    04/17/20
    Office
    6000
    67
    11.54
    01/23/20
    Office
    9303
    63
    15.85
    05/31/19
    Office
    12336
    16
    51.3
    10/30/18
    Office
    10054
    35
    29.81
    10/25/17
    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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    Population Density

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