Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Center at Cedar & Willoughby Title is generated by Realmo AI

    2495 Cedar St, Holt, MI 48842

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    125,000 SF retail center in a high-traffic location.

    Type:Retail, Office
    Property size:
    125,000 SF
    Added:
    Apr 21, 2023
    Days on Market:
    1127
    Last Refresh:
    May 12 at 9:36 pm

    Property Features for 2495 Cedar St

    General Information

    Standard status
    Active
    Size
    125,000 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 2495 Cedar St Contact us

    B16.5-Former Salon w/ new water heater $9/Mo

    Size
    1,834 SF
    Type
    Retail, Office
    Contact us

    C25 (Former Gym) $9/Mo

    Size
    11,777 SF
    Type
    Retail, Office
    Contact us

    B10 $9/Mo

    Size
    1,293 SF
    Type
    Retail, Office
    Contact us

    B15/16 $9/Mo

    Size
    3,120 SF
    Type
    Retail, Office
    Contact us

    B12-13 $9/Mo

    Size
    2,425 SF
    Type
    Retail, Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Samantha Le
    Samantha Le

    Listing agent Samantha Le License #6501447479

    Listing office Martin Commercial Properties

    Listing date Apr 21, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Martin Commercial Properties

    HighLights

    • 125,000 SF Retail Center in a High‑Traffic Location
    • Highly visible location along busy retail corridor with easy ingress/ egress
    • Convenient to I‑96 and all areas of Greater Lansing
    • Near Lowe’s, Menards, Target, Rite Aid, Walgreens, and other major retailers
    • Plenty of convenient and well‑lit parking (285 spaces)
    • Located at Cedar & Willoughby Roads

    Overview

    This 125,000 square foot retail center is situated at the intersection of Cedar and Willoughby Roads. The location offers high visibility along a busy retail corridor, with convenient ingress and egress. The property is positioned near Lowe’s, Menards, Target, Rite Aid, Walgreens, and other major retailers. Its location provides convenient access to I-96 and all areas of Greater Lansing. The property includes 285 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bookshelf (Bike/Boat/Book/etc) Store Kroger Money Services Check Cashing Western Union Bank Kroger Grocery & Convenience Store Rivers of Life Church Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Edgewood Town Center — 438 E Edgewood Blvd, Lansing, MI 48911
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Michigan, 2495 N Cedar St, Holt, MI 48842

    Location Insight

    • Map
    • Local Demand
    City
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.532131
    Latitude
    42.654195

    Nearby Similar for Lease

    • $15 SF/Yr

      Modern Office Space in Holt

      State-of-the-art office space with excellent visibility and accessibility.
      2101 North Aurelius Road, Holt, MI 48842
      View Details
    • $750/Mo
      775 SF

      Affordable Office Suite For Rent

      775 sq ft office suite available for $750/month.
      3929 Holt Rd, Holt, MI
      View Details
    • Contact for pricing
      2,810 SF

      Holt Restaurant Opportunity with Drive-Thru

      Turn-key restaurant space with drive-thru in high-traffic location.
      2350 Cedar St, Holt, MI 48842
      View Details
    • Contact for pricing

      Established Retail Center in Holt

      Neighborhood retail center with high traffic and excellent visibility.
      2040 N Aurelius Rd, Holt, MI 48842
      View Details
    • $12 SF/Yr

      Office/Medical Suites for Lease

      Office and medical suites available for lease in Delhi Township.
      2450 Delhi Commerce Dr, Holt, MI 48842
      View Details

    FAQs

    What type of property is this?
    Shopping center - 125,000 SF retail center in a high-traffic location.
    Where is this shopping center located?
    The property is located at 2495 Cedar St Holt, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 125,000 SF Retail Center in a High‑Traffic Location; Highly visible location along busy retail corridor with easy ingress/ egress; Convenient to I‑96 and all areas of Greater Lansing
    (517) 319-9230 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Samantha Le
    Samantha Le
    Real Estate License ID: 6501447479
    Learn More
    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.
    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

    Thank You for Inquiry
    2495 Cedar St, Holt, MI 48842
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!