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    2040 Aurelius Rd Holt, MI 48842
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    2040 Aurelius Rd Holt, MI 48842

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Senior Home Delivery Services / Trucking Company
    • Holt Plaza / Shopping Center & Mall
    • Goodwill Donation Center / Charitable Organization
    • Martin H Neumann PC / Law Firm
    • Abigail Richeson, D.O. / Pediatrician / Physician

    Property Details for 2040 Aurelius Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Holt Plaza, located at 2040 N Aurelius Rd in Holt, Michigan (48842), offers two available in-line retail/office spaces totaling 5,420 square feet of vacant space. Each suite ranges from a minimum of 2,517 square feet to a maximum contiguous space of 2,903 square feet. This property is situated at the northeast corner of Aurelius and Holt Roads, a highly visible and well-lit intersection within a popular neighborhood center. Existing long-term tenants, including Goodwill, Sparrow, Dollar General, and Holt Eye Care, ensure consistent foot traffic. The property boasts excellent signage opportunities, including potential for high-profile pylon and building signage, attracting significant attention from passersby. Ample, well-lit parking is available for tenants and customers, ensuring convenient access. The location offers easy ingress and egress with two points of access, enhancing convenience. Pedestrian-friendly sidewalks further improve accessibility. The property's strategic location provides convenient access to major roadways, including I-96 and US-127, enhancing its appeal to businesses and customers alike. This is a rare opportunity to secure prime commercial space in a thriving Ingham County location. The property is zoned for retail, office, and restaurant uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.522
    Latitude
    42.6413

    Comparable in this City

    • Value Estimation by Request

      2049 Cedar St

      Restaurants
      2049 Cedar St, Holt, MI 48842
      View Details
    • Value Estimation by Request
      5,285 SF

      2049 Cedar St

      Individual retail properties • 5,285 SF
      2049 Cedar St, Holt, MI 48842
      View Details
    • Value Estimation by Request

      2385 Commerce Dr

      Office Spaces
      2385 Commerce Dr, Delhi Charter Township, MI 48842
      View Details
    • Value Estimation by Request
      1,690 SF

      2111 Cedar St

      Day care centers • 1,690 SF
      2111 Cedar St, Holt, MI 48842
      View Details
    • Value Estimation
      $610,000
      4,073 SF

      2464 Cedar St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,073 SF
      2464 Cedar St, Holt, MI 48842-2104
      View Details
    • Value Estimation by Request
      1,122 SF

      2176 Cedar St, Unit 1

      RESTAURANT • 1,122 SF
      2176 Cedar St, Holt, MI 48842-1458
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Development Opportunity in Holt

      Land available for retail, office, or industrial development.
      Holt Rd, Holt, MI 48842
      View Details
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      Retail/Office Suites in Holt

      Retail and office suites available in Holt, Michigan.
      1995 N Cedar St, Holt, MI 48842
      View Details
    • $1,390,000
      11,700 SF

      Office and Warehouse on 2.45 Acres

      Office and warehouse on 2.45 acres in Delhi Charter Township.
      1798 Holloway Dr, Holt, MI 48842
      View Details
    • Contact for pricing
      4,400 SF

      Holt Road Commercial Property

      Versatile commercial property in high-traffic area, ideal for professional uses.
      4378 Holt Rd, Holt, MI 48842
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Retail Center in Holt

      Neighborhood retail center with high traffic and excellent visibility.
      2040 N Aurelius Rd, Holt, MI 48842
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    • Contact for pricing

      Holt Restaurant Opportunity with Drive-Thru

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

      Retail Center at Cedar & Willoughby

      125,000 SF retail center in a high-traffic location.
      2495 Cedar St, Holt, MI 48842
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    • $15 SF/Yr

      Modern Office Space in Holt

      State-of-the-art office space with excellent visibility and accessibility.
      2101 North Aurelius Rd, Holt, MI 48842
      View Details
    • Contact for pricing

      Office/Medical Suites for Lease

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

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