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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
12600 Dixie Hwy Holly, MI 48442-8416
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1794062
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
5,642 SF
Lot
62.84 ac (2,737,310 SF)
Zoning code
FI
APN
G -02-18-101-002
UPID
US43-1794062
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
-
Halloween in Hollygrove Haunted House
-
Owain Phyfe Jewel Stage Theater & Performing Art Venue Music Venue
-
Ormworks Art Gallery
-
Michigan Renaissance Festival Music Venue
-
Lounies Soap Shoppe (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$715k
Owner & transaction history
Michigan Renaissance Festival · 28 yrs held
Michigan Renaissance Festival
since 1998
7 recorded transactions
Zoning & alternative use
FI · Holly, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$995,000
+50.2%
Restaurant
$975,000
+47.6%
Retail stores
$950,000
+43.9%
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
OFFICE BUILDING
$660,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +50% · Conversion: Easy
RESTAURANT
$975,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$950,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$890,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$127 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,812
Tax year 2023
Assessed value
$336,860
Assessed 2024
Previous assessed
$311,540
+8.1% YoY
Effective rate
2.91%
On assessed value
Total market value
$673,720
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
8
Bathrooms
3
Total area
5,642 SF
Lot
62.84 ac (2,737,310 SF)
Zoning code
FI
APN
G -02-18-101-002
UPID
US43-1794062
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
FI · Holly, MIZoning FI · permitted uses
FI · Holly, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$995,000
RESTAURANT
Est. value
$975,000
RETAIL STORES
Est. value
$950,000
MEDICAL BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$690,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1976
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
8
Bathrooms
3
Lot
62.84 ac
Current owner
From public records · entity-resolved
Michigan Renaissance Festival
Individual
Mailing address
815 NICOLLET MALL, MINNEAPOLIS, MN 55402-2504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
Michigan Renaissance Festival
—
Grant Deed
related
$1,450,000 · Park St Bk
Feb 14, 2018
—
Michigan Renaissance Festival
—
Loan Modification
related
$1,661,575 · Minnwest Bk
Jun 9, 2011
—
Michigan Renaissance Festival
—
Deed Of Trust
related
$3,156,932 · Minnwest Bank Metro
Jun 1, 2010
—
Michigan Renaissance Festival
—
Trustees Deed
related
$1,661,575 · Minnwest Bank Metro
Apr 6, 1998
$485,000
Michigan Renaissance Festival
King Pugh,deborah
Grant Deed
$900,000 · State Bank
—
—
Michigan Renaissance Festival
—
Loan Modification
related
$1,315,956 · Minnwest Bank Metro
—
—
Michigan Renaissance Festival
—
Loan Modification
related
$2,652,554 · Minnwest Bank Metro
—
—
Michigan Renaissance Festival
—
Deed Of Trust
related
$2,952,457 · Minnwest Bank Metro
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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