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Property profile & analytics
OFF-MARKET
Drive through restaurants
1850 Cedar St 4, Holt, MI 48842-1702
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1406635
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
1,002 SF
Lot
0.66 ac (28,619 SF)
Zoning code
C-1
APN
33-25-05-23-208-012
UPID
US43-1406635
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
-
BIGGBY COFFEE Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bunnell Holdings Holt LLC · 4 yrs held
Bunnell Holdings Holt LLC
since 2022
Last sale
$185,000
7 recorded transactions
Zoning & alternative use
C-1 · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,905
Tax year 2022
Assessed value
$116,100
Assessed 2023
Previous assessed
$102,400
+13.4% YoY
Effective rate
6.81%
On assessed value
Assessed land
$35,800
Assessed improvement
$80,300
Land market value
$71,600
Improvement market value
$160,600
Total market value
$232,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1998
Heating
YES
Stories
1
Total area
1,002 SF
Lot
0.66 ac (28,619 SF)
Zoning code
C-1
APN
33-25-05-23-208-012
UPID
US43-1406635
Jurisdiction
INGHAM
Zoning & alternative use
C-1 · Holt, MI
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1998
Heating
YES
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Bunnell Holdings Holt LLC
Entity
Mailing address
2199 MOORWOOD DR, HOLT, MI 48842-8719
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$185,000
Bunnell Holdings Holt LLC
Gravity Smokehouse LLC
Warranty Deed
—
Mar 24, 2021
—
Gravity Smokehouse LLC
—
Deed
related
$94,380 · Capital Area School Employees Cu
Aug 28, 2018
$100,000
Gravity Smokehouse LLC
Mcnamara,daniel E
Warranty Deed
$90,000 · Case Cu
Jan 6, 2015
—
Daniel E Mcnamara
Prime Real Estate Co LLC
Quit Claim Deed
related
—
Jul 23, 2009
—
Prime Real Estate Co LLC
Mcnamara Builders INC
Quit Claim Deed
related
—
Nov 30, 2005
$175,000
Mcnamara Builders INC
Hot N Now LLC
Trustees Deed
—
—
—
Prime Real Estate Co LLC
—
Deed Of Trust
related
$396,423 · Comerica 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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