Property profile & analytics
1798 Holloway Dr Holt, MI 48842-7726
- Office buildings
- 5,960 SF
OFF-MARKET
Last Sale
May 25, 2022
May 25, 2022
$1,025,000
Value Estimations
$1,030,000
Show details
Cap Rate Potential
5.1%
Office buildings
Location Intelligence
Property ID
US43-1406961
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
- Michigan Public Health Institute / Medical Clinic
- Sanitation Strategies / Chemical Plant / Factory
- The 12 Week Year / Business Management Consultant
- Brian P. Moran / Consultant
- Strategic Breakthroughs / Business Management Consultant
Property Details for 1798 Holloway Dr
- Year built
- 2005
- Property size
- 5,960 SF
- Zone code
- IP
- Property type
- Office buildings
- APN
- 33-25-05-24-276-002
- APU
- 33250524276002
Description
This exceptional 11,700 square foot office/warehouse flex space in Holt, Michigan, presents a unique sublease opportunity. Located at 1798 Holloway Drive, this single-building property offers a blend of traditional office space ideal for a variety of businesses. Constructed in 2007, the building is situated in Ingham County, offering convenient access to local amenities and major transportation routes. The property features a multiple tenancy setup, providing flexibility for businesses of varying sizes. The current tenant's lease has approximately three years remaining, offering immediate occupancy and the potential for a longer-term lease extension, directly negotiated with the owner. This is an excellent opportunity for a business seeking a well-maintained, modern office space in a desirable location with the added benefit of a flexible lease term. The property's address is 1798 Holloway Dr, Holt, MI 48842. The building's classification as a "Traditional Office" within the broader "Office/Warehouse Flex Space" designation highlights its suitability for office-centric operations. This presents a compelling opportunity for businesses seeking a functional and strategically located space in the thriving Holt, Michigan market. The property's size and layout offer considerable adaptability, making it suitable for a range of business needs. The sublease arrangement provides a streamlined entry point to this prime commercial real estate.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,040,000
- ML approach
- $1,110,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $895,000
- 6.5%
- $825,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $821,000
- AI Estimate
- $943,000
Market price range: $303k - $822kMarket price range: $360k - $943k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $735,000
- RESTAURANT
- $695,000
- COMMERCIAL (GENERAL)
- $680,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Holt
- County
- Ingham
- State
- Michigan
- Longitude
- -84.487
- Latitude
- 42.6333
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, 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
2022
$21,577
$59,100
$427,500
$486,600
-
$118,200
$855,000
$973,200
