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    Property profile & analytics

    15203 Holly Rd Holly, MI 48442-1163

    • Retail space
    • 2,477 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $555,000
    Last Sale
    May 31, 2022
    $475,000
    Location Intelligence
    Property ID
    US43-1756392
    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

    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
    • Holly Plaza / Shopping Mall

    Property Details for 15203 Holly Rd

    Year built
    1976
    Lot size
    0.37 lot acres
    Property size
    2,477 SF
    Property type
    Retail space
    APN
    IH-01-27-151-007
    APU
    IH0127151007

    Description

    This 2,400 square foot retail center in Holly, Michigan, presents a compelling value-add investment opportunity. Located at 15203 N Holly Rd, 48442, on a 0.37-acre lot, this single-story, 1995-built property currently houses two tenants, with one space available for lease. The current occupancy is 50%, with a Net Operating Income (NOI) of $26,651 and a projected NOI of $55,326 after lease-up. The asking price is $614,000, representing a current cap rate of 4.34% and a pro-forma cap rate of 9.01%. The property features a gross lease structure with a remaining lease term of approximately 2.3 years (expiring 02/28/2027). The strong location on Holly Road, a main retail corridor, ensures high visibility and accessibility. The area boasts a thriving retail environment, surrounded by established national retailers such as Rite Aid, CVS, McDonald's, and more. Within a 5-mile radius, the population exceeds 29,950, and the average household income within 1 mile is over $90,000. One tenant, Little Caesars, has occupied their space for over 10 years. The vacant unit is ideal for a small shop and offers attractive lease terms. This property offers significant upside potential due to the 50% vacancy rate.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $470,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $450,000
      Mixed-Use
      $370,000
      Hospitality
      $450,000
      Educational
      $450,000
      Residential Income
      $385,000
      Energy
      $410,000
      Income-Based Land
      $365,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Holly
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6278
    Latitude
    42.8072
    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
    $4,168
    $0.00
    $0.00
    $91,670
    -
    $0.00
    $0.00
    $183,340

    Comparable in this City

    • Value Estimation by Request
      35,477 SF

      1122 Saginaw St

      RETAIL STORES (PERSONAL SERVICES) • 35,477 SF
      1122 Saginaw St, Holly, MI 48442-1353
      View Details
    • Value Estimation by Request
      10,700 SF

      514 Saginaw St

      RETAIL STORES (PERSONAL SERVICES) • 10,700 SF
      514 Saginaw St, Holly, MI 48442-1446
      View Details
    • Value Estimation by Request
      3,296 SF

      108 Saginaw St

      RETAIL STORES (PERSONAL SERVICES) • 3,296 SF
      108 Saginaw St, Holly, MI 48442-1610
      View Details
    • Value Estimation
      $210,000
      5,758 SF

      104 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 5,758 SF
      104 Maple St, Holly, MI 48442-2101
      View Details
    • Value Estimation
      $470,000
      5,356 SF

      119 Saginaw St

      RETAIL STORES (PERSONAL SERVICES) • 5,356 SF
      119 Saginaw St, Holly, MI 48442-1611
      View Details
    • Value Estimation by Request
      640 SF

      109 Battle Aly

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      109 Battle Aly, Holly, MI 48442-1675
      View Details

    Similar Nearby for Sale

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      Established Landscape Supply Company For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space in Busy Center

      Retail spaces available in a busy Holly shopping center.
      15191 N Holly Rd, Holly, MI 48442
      View Details
    • $1,400 /Mo

      High-Traffic Retail Space in Holly

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

      Retail spaces available in busy Holly shopping center.
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      View Details
    • $3,500 /Mo
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      Office Space on Dixie Highway

      3,288 SF office space for lease in Holly, Michigan.
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    • $3,500 /Mo
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      Office Space on Dixie Highway

      3,288 SF office space for lease in Holly, Michigan.
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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.
      10350 N Holly Rd, Holly, MI 48442
      View Details
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    15203 Holly Rd
    Holly, MI 48442-1163
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    Realmo Value Estimation

    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.

    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.

    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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