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Property profile & analytics
OFF-MARKET
Estimated value
$5,820,000
Manufacturing properties
1875 Holloway Dr, Holt, MI 48842-9435
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-0133254
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ryder Integrated Logistics Warehouse & Storage
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
Us Charter Ventures LLC · 9 yrs held
Us Charter Ventures LLC
since 2017
4 recorded transactions
Zoning & alternative use
IP · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.4M
+4.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,055,000
Current use
WAREHOUSE, STORAGE
$8,410,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$5.82M
Range $5.24M – $6.40M · ±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
$45 / 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
$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
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
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, 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
$8.1M
WAREHOUSE, STORAGE
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
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
2001
Heating
SPACE
Stories
1
Buildings
2
Lot
11.61 ac
Current owner
From public records · entity-resolved
Us Charter Ventures LLC
Entity
Mailing address
PO BOX 14045, OAKLAND, CA 94614-2045
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2017
—
Us Charter Ventures LLC
—
Deed
related
$8,000,000 · Miscellaneous Ins Co
—
—
Dtp Associates LLC
—
Deed Of Trust
related
$10,909,090 · Mueller Lillian Trust
—
—
Dtp Associates LLC
—
Deed Of Trust
related
$11,150,000 · Citizens Federal Bank Fsb
—
—
Us Charter Ventures LLC
—
Deed Of Trust
related
$8,000,000 · Miscellaneous Ins Co
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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