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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Banks
2313 Cedar St, Holt, MI 48842-2101
Individually Owned
7-yr Hold
Free & Clear
Property ID
US43-0781322
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Total area
5,012 SF
Lot
1.28 ac (55,800 SF)
Zoning code
C-2
APN
33-25-05-15-278-009
UPID
US43-0781322
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
-
MSU Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$660k
Owner & transaction history
Delhi Charter Township Downtow · 7 yrs held
Delhi Charter Township Downtow
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$575,000
+2.2%
Restaurant
$565,000
+0.2%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$565,000
Current use
OFFICE BUILDING
$575,000
Change: +2% · Conversion: Difficult
RESTAURANT
$565,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$505,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$132 / 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
$44,433
Tax year 2022
Assessed value
$767,200
Assessed 2023
Previous assessed
$677,800
+13.2% YoY
Effective rate
5.79%
On assessed value
Assessed land
$97,700
Assessed improvement
$669,500
Land market value
$195,400
Improvement market value
$1,339,000
Total market value
$1,534,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2019
Heating
YES
Stories
1
Total area
5,012 SF
Lot
1.28 ac (55,800 SF)
Zoning code
C-2
APN
33-25-05-15-278-009
UPID
US43-0781322
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Holt, MI
Zoning C-2 · permitted uses
C-2 · 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
FINANCIAL BUILDING Current
Est. value
$565,000
OFFICE BUILDING
Est. value
$575,000
RESTAURANT
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$520,000
RETAIL STORES
Est. value
$505,000
MEDICAL BUILDING
Est. value
$485,000
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2019
Heating
YES
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Delhi Charter Township Downtow
Individual
Free & Clear · 7 yrs held
Mailing address
3777 WW RD, EAST LANSING, MI 48823-8029
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2018
—
Delhi Charter Township Downtow
Delhi Charter Township
Quit Claim Deed
—
May 27, 2016
$27,467
Delhi Charter Township Downtow
Charter Township Of Delhi
Quit Claim Deed
related
—
Dec 1, 2015
$27,467
Delhi Charter Township Downtow
Charter Township Of Delhi
Quit Claim Deed
related
—
Sep 16, 2015
$27,467
Delhi Charter Township
Treasurer Of Ingham County
Grant Deed
—
Aug 17, 2015
$27,467
Delhi Charter Township
Treasurer Of Ingham County
Grant Deed
—
Jul 28, 2015
$27,467
Delhi Charter Township Downtow
Treasurer Of Ingham County
Quit Claim Deed
related
—
Jul 8, 2014
$107,000
William E Steuber II
Tolland Land Trust
Warranty Deed
$105,061 · The Dart Bank
May 7, 2010
$375,000
Bga Corp
First Independence Bk
Grant Deed
$316,000 · First Independence Bank
Mar 2, 2010
$400,000
Independence Bk First
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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