Entity Owned Property summary
AI-generated overview
This exceptional 170,380-square-foot industrial property, located at 1875 Holloway Drive in Holt, Michigan, presents a unique investment opportunity. Built in 2001 and renovated in 2003, this single-tenant warehouse boasts a spacious 162,380-square-foot warehouse area complemented by an 8,000-square-foot office space. The property sits on 11.61 acres of land within Ingham County, zoned IP, INDUSTRIAL PARK (APN: 33-25-05-24-100-020). Features include a 28-foot ceiling height, ample natural light enhanced by LED lighting, 17 dock-high doors, and 2 drive-in doors (14' x 16'). The building also offers convenient on-site parking, valuable outdoor storage space, and signage opportunities. The property is equipped with 1200A/480V/3P power and includes restrooms. Available for lease January 1st, 2025, at a rate of $8.50 per square foot, triple net (NNN). This expansive warehouse is expandable, making it an ideal choice for businesses seeking significant growth potential.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Total area
128,381 SF
Lot
11.61 ac (505,732 SF)
Zoning code
IP
APN
33-25-05-24-100-020
UPID
US43-0133254
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.43M
Blend (final)
Blend
$5.82M
Owner & transaction history
since 2017
4 recorded transactions
Zoning & alternative use
IP · Holt, MI
Top alternative use upside
Warehouse, storage
$8.4M
+4.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.82M
Value range
$5.24M – $6.40M
±10% around blend
Estimated value / SF
$45 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$5.24M
blend $5.82M
$6.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
128,381 SF
Lot area
11.61 ac
Year built
2001
Stories
1
APN
33-25-05-24-100-020
Zoning
IP
Assessed value
$2,332,700
Annual tax
$149,373
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$7.43M
Range $3.61M – $13.44M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 21 sales
$63
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $45/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+4%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.33M
Move the market yield to see immediate price impact.
Value / SF
$18
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$147k
$2.94M
$2.10M
$1.63M
$163k
$3.27M
$2.33M
$1.81M
$180k
$3.59M
$2.57M
$2.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$149,373
Tax year 2022
Assessed value
$2,332,700
Assessed 2023
Previous assessed
$2,369,200
-1.5% YoY
Effective rate
6.40%
On assessed value
Assessed land
$379,100
Assessed improvement
$1,953,600
Land market value
$758,200
Improvement market value
$3,907,200
Total market value
$4,665,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Heating
SPACE
Buildings
2
Stories
1
Total area
128,381 SF
Lot
11.61 ac (505,732 SF)
Zoning code
IP
APN
33-25-05-24-100-020
UPID
US43-0133254
Jurisdiction
INGHAM
Zoning & alternative use
IP · Holt, MIZoning IP · permitted uses
IP · Holt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
SPACE
Stories
1
Buildings
2
Lot
11.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IP
Jurisdiction
Holt, MI
Recorded code
IP
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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