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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
2018 Cedar St 3, Holt, MI 48842-1487
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0203636
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1944
Total area
12,229 SF
Lot
0.47 ac (20,517 SF)
Zoning code
TC
APN
33-25-05-14-382-001
UPID
US43-0203636
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
-
Sue's Grooming Salon Pet Grooming Service
-
The Movement Suite Training Center
-
NOVAK ORTHODONTICS Dental Office
-
The Emerging Parent Family Recreation Center
-
Olive & Ivy Company (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$635k
Owner & transaction history
Holt Holdings LLC · 1 yrs held
Holt Holdings LLC
since 2025
Last sale
$649,000
5 recorded transactions
Zoning & alternative use
TC · 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
Method
Estimation
Statistic approach
$585,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $649k (Feb 6 2025)
Last sale anchor
$649k
Feb 6 2025
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
$52 / 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
$18,037
Tax year 2022
Assessed value
$334,400
Assessed 2023
Previous assessed
$303,600
+10.1% YoY
Effective rate
5.39%
On assessed value
Assessed land
$30,800
Assessed improvement
$303,600
Land market value
$61,600
Improvement market value
$607,200
Total market value
$668,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1944
Heating
FORCED AIR
Stories
2
Total area
12,229 SF
Lot
0.47 ac (20,517 SF)
Zoning code
TC
APN
33-25-05-14-382-001
UPID
US43-0203636
Jurisdiction
INGHAM
Zoning & alternative use
TC · Holt, MI
Zoning TC · permitted uses
TC · 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
RETAIL STORES
Est. value
$970,000
RETAIL STORES
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
1944
Heating
FORCED AIR
Stories
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Holt Holdings LLC
Entity
Mailing address
5700 W MT HOPE HWY, LANSING, MI 48917-8590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
$649,000
Holt Holdings LLC
2018 Holt Holdings LLC
Warranty Deed
$497,000 · Commercial Bank
Feb 3, 2025
$350,000
2018 Cedar Street LLC
Mt Hope Investments LLC
Warranty Deed
—
Mar 8, 2021
—
2018 Cedar Street LLC
Mt Hope Investments LLC
Land Contract
—
Nov 15, 2013
—
Mt Hope Investment LLC
2018 Building INC
Warranty Deed
$288,400 · Dart Bank
Feb 28, 2013
$282,000
Holding Land
Sheriff Of Ingham County
Trustees Deed
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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