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Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Industrial properties
1781 Holloway Dr, Holt, MI 48842-9795
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-1388248
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
65,728 SF
Lot
18.32 ac (798,019 SF)
Zoning code
IP
APN
33-25-05-24-200-010
UPID
US43-1388248
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
-
Pratt & Whitney AutoAir, Plant 5 Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.73M
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$5.19M
Owner & transaction history
Holloway Drive Properties LLC · 9 yrs held
Holloway Drive Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
IP · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.1M
+96.5%
Restaurant
$7.7M
+85.9%
Commercial (general)
$7.5M
+82.1%
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 Holt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holt 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%
$6,205,000
6.5%
$5,725,000
7%
$5,320,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,125,000
Current use
MEDICAL BUILDING
$8,100,000
Change: +96% · Conversion: Difficult
RESTAURANT
$7,665,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,510,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,615,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$6,135,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$5,215,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,305,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$5.19M
Range $4.67M – $5.71M · ±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
$79 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$138,116
Tax year 2022
Assessed value
$2,031,500
Assessed 2023
Previous assessed
$2,032,100
0.0% YoY
Effective rate
6.80%
On assessed value
Assessed land
$186,000
Assessed improvement
$1,845,500
Land market value
$372,000
Improvement market value
$3,691,000
Total market value
$4,063,000
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
1998
Heating
YES
Buildings
2
Stories
1
Total area
65,728 SF
Lot
18.32 ac (798,019 SF)
Zoning code
IP
APN
33-25-05-24-200-010
UPID
US43-1388248
Jurisdiction
INGHAM
Zoning & alternative use
IP · Holt, MI
Zoning IP · permitted uses
IP · Holt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$8.1M
RESTAURANT
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.1M
RETAIL STORES
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Heating
YES
Stories
1
Buildings
2
Lot
18.32 ac
Current owner
From public records · entity-resolved
Holloway Drive Properties LLC
Entity
Mailing address
PO BOX 810, ROYAL OAK, MI 48068-0810
Ownership since
2017
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
Feb 15, 2018
—
Holloway Drive Properties LLC
—
Loan Modification
related
$59,000,000 · Wells Fargo Bk
Jan 3, 2017
—
Holloway Drive Properties LLC
Everstream Glc Holding Co LLC
Deed
$4,500,000 · Wells Fargo Bank NA
Jun 29, 2016
—
Everstream Glc Holding Co LLC
Great Lakes Comnet INC
Grant Deed
—
Oct 20, 2011
—
Great Lakes Comnet INC
—
Deed Of Trust
related
$13,399,900 · Cobank Acb
Nov 12, 2009
$1,250,000
Great Lakes Comnet INC
Tailor Steel America LLC
Deed Of Trust
related
$9,200,000 · Cobank Acb
—
—
Great Lakes Comnet INC
—
Loan Modification
related
$23,400,000 · Cobank Acb
—
—
Great Lakes Comnet INC
—
Loan Modification
related
$46,800,000 · Cobank
—
—
Tailor Steel America LLC
—
Deed Of Trust
related
—
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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