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    Property profile & analytics

    2049 Cedar St Holt, MI 48842

    • Retail space
    • 5,285 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0025469
    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

    • Personnel World - Holt / Employment Agency / Human Resource Consulting
    • Extra Levels Gaming / Video Game Store

    Property Details for 2049 Cedar St

    Property size
    5,285 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This 5,285 square foot storefront, located at 2049 Cedar St in Holt, Michigan, 48842, presents a compelling investment opportunity. Priced at $479,900 ($90.80/sq ft), the property boasts a highly visible location north of Holt Road, benefiting from prominent pylon and building signage. Its strategic position directly across from a planned mixed-use development and west of the US-127/Holt Road interchange maximizes exposure and accessibility. The property is situated in the heart of downtown Holt, near the intersection of Holt Road and Cedar Street, surrounded by a thriving retail environment. Neighboring businesses include established brands such as Biggby Coffee, Domino's Pizza, Goodwill, Dollar General, and Buddies Grill, indicating a strong commercial presence and potential for synergistic growth. The property is zoned for commercial use, offering flexibility for a variety of retail ventures. This prime location and established commercial context make this storefront an exceptional opportunity for investors seeking high visibility and strong potential for return. The property is partially occupied, presenting an opportunity for further development and tenant acquisition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.51719
    Latitude
    42.641629

    Comparable in this City

    • Contact for pricing
      13,000 SF

      Retail/Office Suites in Holt

      Retail and office suites available in Holt, Michigan.
      1995 N Cedar St, Holt, MI 48842
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    • $390,000
      1,460 SF

      Holt Commercial Property on Cedar

      Commercial building with frontage on Cedar Street, Holt, Michigan.
      1916 Cedar St, Holt, MI 48842
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    • $299,900
      0.36 Acres

      Holt Commercial Property: Prime Location

      Multi-use building, high rental income potential.
      2132 Cedar St, Holt, MI 48842
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    • $179,900
      1,001 SF

      4415 Holt Rd, Holt, MI 48842

      Commercial real estate • 1,001 SF
      4415 Holt Rd, Holt, MI 48842
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    • $290,900
      2,535 SF

      Holt Multi-Family Investment Opportunity

      High-return multi-family building, prime location.
      2132 Cedar St, Holt, MI 48842
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    • $99,900
      12 SF

      12.9 Acre Development Lot

      12.9 acre lot for multi-family development.
      Holt, MI 48842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,000 SF

      Retail/Office Suites in Holt

      Retail and office suites available in Holt, Michigan.
      1995 N Cedar St, Holt, MI 48842
      View Details
    • $390,000
      1,460 SF

      Holt Commercial Property on Cedar

      Commercial building with frontage on Cedar Street, Holt, Michigan.
      1916 Cedar St, Holt, MI 48842
      View Details
    • $299,900
      0.36 Acres

      Holt Commercial Property: Prime Location

      Multi-use building, high rental income potential.
      2132 Cedar St, Holt, MI 48842
      View Details
    • $179,900
      1,001 SF

      4415 Holt Rd, Holt, MI 48842

      Commercial real estate • 1,001 SF
      4415 Holt Rd, Holt, MI 48842
      View Details
    • $290,900
      2,535 SF

      Holt Multi-Family Investment Opportunity

      High-return multi-family building, prime location.
      2132 Cedar St, Holt, MI 48842
      View Details
    • $99,900
      12 SF

      12.9 Acre Development Lot

      12.9 acre lot for multi-family development.
      Holt, MI 48842
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
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      Holt Restaurant Space - 2810 SF

      Prime Holt location, restaurant space available.
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    • $7 SF/Yr
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      Cedar Park Center: Creative Office Space

      Lansing Creative Office Suites Available Now
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      Holt Plaza Office Suites

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      Holt Medical Office Suites

      Prime Medical Office Space Available
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      Delhi Commerce Park Office Space

      152 sq ft Office Suite Available Now
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    • $6 SF/Yr
      85,000 SF

      Holt Warehouse with Office Space

      85,000 SF warehouse featuring office, mezzanine, and multiple doors.
      2325-2329 Jarco Dr, Holt, MI 48842
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    Holt, MI 48842
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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