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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Industrial properties
10312 Holly Rd, Holly, MI 48442-9302
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1788781
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
23,950 SF
Lot
5 ac (217,800 SF)
Zoning code
I-1
APN
12-33-400-004
UPID
US43-1788781
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
-
Global Analytical Laboratories Asbestos Testing Service Laboratory
-
KR Tire Distributors (Bike/Boat/Book/etc) Store Auto Parts Store
-
Global Environmental Environmental Engineer Construction Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.02M
Owner & transaction history
Korreck Ventures LLC · 7 yrs held
Korreck Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Holly, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+71.8%
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 Holly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Current use
COMMERCIAL (GENERAL)
$1,605,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$42 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$23,667
Tax year 2019
Assessed value
$455,300
Assessed 2023
Previous assessed
$419,200
+8.6% YoY
Effective rate
5.20%
On assessed value
Total market value
$910,600
Applied tax rate
12.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
23,950 SF
Lot
5 ac (217,800 SF)
Zoning code
I-1
APN
12-33-400-004
UPID
US43-1788781
Jurisdiction
GENESEE
Zoning & alternative use
I-1 · Holly, MI
Zoning I-1 · permitted uses
I-1 · Holly, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Korreck Ventures LLC
Entity
Mailing address
10312 N HOLLY RD, HOLLY, MI 48442-9302
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
—
Korreck Ventures LLC
—
Deed
related
$674,793 · The Huntington National Bank
Jun 17, 2021
—
Korreck Ventures LLC
—
Deed
related
$723,100 · The Huntington National Bank
Dec 2, 2019
—
Korreck Ventures LLC
—
Deed
related
$477,000 · State Savings Bank
Jun 6, 2019
—
Korreck Ventures LLC
Global Resource Management LLC
Quit Claim Deed
related
—
Oct 23, 2015
$815,000
Global Resource Management LLC
Roche INC
Warranty Deed
—
Jul 18, 2012
$390,000
Roche INC
Metric Associates INC
Warranty Deed
$275,000 · Fifth Third Bank
—
—
Roche Corp
—
Deed Of Trust
related
$275,000 · Fifth Third Bank
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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