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    Property profile & analytics

    15045 Dixie Hwy Holly, MI 48442

    • Office buildings
    • 5,570 SF
    • 3.56 lot acres
    For Lease
    View listing
    $3,500 /Mo
    Last Sale
    Aug 06, 2021
    $1,300,000
    Value Estimations
    $1,255,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0172029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The State Group / Apartment Rental Agency
    • FLO Charging Station / Electric Vehicle Charging Station
    • Country Folk Art Craft Show / Art Gallery
    • Tegrant Corporation Protexic Brands / Plastic Fabrication Company / Business Related
    • State Electric Company / Electrical Installation Service / Electric Vehicle Charging Station Contractor

    Property Details for 15045 Dixie Hwy

    Year built
    2001
    Lot size
    3.56 lot acres
    Property size
    5,570 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    G -02-29-102-001
    APU
    G0229102001

    Description

    Exceptional investment opportunity in a rapidly expanding sector. This turnkey portfolio comprises 84 installed and operating electric vehicle (EV) charging systems strategically located in high-traffic municipal areas throughout Michigan. Each system features a mix of Level 2 and 3 (DC fast) chargers, ensuring broad appeal and utilization. The network benefits from 10-year ground leases with municipalities, providing long-term stability and predictable cash flow. The current NOI stands at $4,500 annually, representing a 6.00% cap rate on the asking price of $75,000. The property includes 84 parking spaces, one per charging unit, and revenue is poised for growth as EV usage increases. The ground lease extends until October 24, 2034, offering a substantial remaining lease term of 10 years. This sale/leaseback opportunity presents a unique chance to acquire a proven, scalable business with significant upside potential. The network utilizes state-of-the-art technology, including integrated operating software and payment processing for streamlined management. Further expansion is possible, with plans to install an additional 144 charging systems. The price per unit is $892.86, and the property is categorized as a Business for Sale with Special Purpose, encompassing Business and Building and Telecom/Data Center subtypes. The tenant possesses a credit rating, and the multi-tenant structure ensures diversified income streams. This is an ideal investment for those seeking exposure to the burgeoning EV infrastructure market. Located at 15045 Dixie Hwy, Holly, MI 48442, this portfolio offers a compelling combination of stability, growth potential, and strong cash flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $928,000
      Market price range: $398k - $928k
      AI Estimate
      $763,000
      Market price range: $174k - $764k

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5456
    Latitude
    42.8156
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,316
    $0.00
    $0.00
    $458,330
    -
    $0.00
    $0.00
    $916,660

    Comparable in this City

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      808 Maple St

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      1,344 SF

      3518 Grange Hall Rd

      OFFICE BUILDING • 1,344 SF
      3518 Grange Hall Rd, Holly, MI 48442-1006
      View Details
    • Value Estimation by Request
      12,827 SF

      1006 Saginaw St

      OFFICE BUILDING • 12,827 SF
      1006 Saginaw St, Holly, MI 48442-1389
      View Details

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      Land For Sale

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    Similar Nearby for Lease

    • $3,500 /Mo
      3,288 SF

      Office Space on Dixie Highway

      3,288 SF office space for lease in Holly, Michigan.
      15045 Dixie Hwy, Holly, MI 48442
      View Details
    • $3,500 /Mo
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      Office Space on Dixie Highway

      3,288 SF office space for lease in Holly, Michigan.
      15045 Dixie Hwy, Holly, MI 48442
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Busy Center

      Retail spaces available in a busy Holly shopping center.
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    • $8 SF/Yr
      60,226 SF

      Industrial Space in Holly, Michigan

      60,226 SF industrial space for lease near I-75.
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      High-Traffic Retail Space in Holly

      1,000 sq ft retail space in high-traffic Holly location.
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      Retail Space in Holly Plaza

      Retail spaces available in busy Holly shopping center.
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      View Details
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    Holly, MI 48442
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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.

    More about this property
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