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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Drug stores
15242 Holly Rd, Holly, MI 48442-1141
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-0251481
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Total area
11,160 SF
Lot
1.83 ac (79,715 SF)
APN
IH-01-28-277-009
UPID
US43-0251481
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
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
-
Deborah A. Mackenzie, BSW Pharmacy
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.64M
Owner & transaction history
Holly Rite Aid LLC · 18 yrs held
Holly Rite Aid LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+4.4%
Restaurant
$1.9M
+2.6%
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
RETAIL STORES
$1,885,000
Current use
COMMERCIAL (GENERAL)
$1,965,000
Change: +4% · Conversion: Easy
RESTAURANT
$1,930,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$1,760,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$147 / 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
$22,738
Tax year 2023
Assessed value
$605,880
Assessed 2024
Previous assessed
$594,650
+1.9% YoY
Effective rate
3.75%
On assessed value
Total market value
$1,211,760
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
11,160 SF
Lot
1.83 ac (79,715 SF)
APN
IH-01-28-277-009
UPID
US43-0251481
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Holly Rite Aid LLC
Entity
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2007
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
Dec 14, 2018
—
Holly Rite Aid LLC
—
Deed
related
$450,000 · Main Street Bank
Dec 11, 2007
—
Holly Rite Aid LLC
Jaboro,sabah
Warranty Deed
—
Aug 7, 2006
—
Sabah Jaboro
R & J Holly LLC
Grant Deed
—
Jun 2, 1999
—
R & J Holly LLC
Gyarmati,tibor L & Terrie S
Grant Deed
related
—
Apr 5, 1999
—
Tibor L Gyarmati
Wheeler,robert B & Elizabeth E
Grant Deed
related
—
—
—
Holly Rite Aid LLC
—
Deed Of Trust
related
$600,000 · Citizens Federal Bank Fsb
—
—
R & J Holly LLC
—
Deed Of Trust
related
$1,992,000 · Old Kent Bank
—
—
R & J Holly LLC
—
Deed Of Trust
related
$1,830,000 · 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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