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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Distribution centers
2329 Jarco Dr, Holt, MI 48842-1209
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0835566
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
40,000 SF
Lot
2.74 ac (119,354 SF)
Zoning code
IP
APN
33-25-05-14-251-010
UPID
US43-0835566
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.20M
Owner & transaction history
Rd Holt LLC · 3 yrs held
Rd Holt LLC
since 2023
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
IP · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+88.2%
Restaurant
$4.7M
+78.0%
Commercial (general)
$4.6M
+74.4%
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
$3,235,000
ML approach
$3,100,000
CAP Approach
CAP Return
Estimation
6%
$4,585,000
6.5%
$4,230,000
7%
$3,930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,620,000
Current use
MEDICAL BUILDING
$4,930,000
Change: +88% · Conversion: Difficult
RESTAURANT
$4,665,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,570,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,025,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$3,730,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$3,175,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,565,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $2.29M (Jul 5 2023)
Last sale anchor
$2.29M
Jul 5 2023
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
$80 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,238
Tax year 2021
Assessed value
$1,578,000
Assessed 2024
Previous assessed
$113,400
+1,291.5% YoY
Effective rate
0.27%
On assessed value
Assessed land
$113,400
Assessed improvement
$1,464,600
Land market value
$226,800
Improvement market value
$2,929,200
Total market value
$3,156,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
SPACE
Stories
1
Total area
40,000 SF
Lot
2.74 ac (119,354 SF)
Zoning code
IP
APN
33-25-05-14-251-010
UPID
US43-0835566
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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
SPACE
Stories
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Rd Holt LLC
Entity
Mailing address
418 CLIFTON AVE STE #200, LAKEWOOD, NJ 08701-3749
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
$2,287,500
Rd Holt LLC
Wanda LLC
Warranty Deed
$3,350,000 · Rd Holt LLC
Jul 5, 2023
—
Rd Holt LLC
Wanda LLC
Assignment Of Lease (leasehold Sale)
—
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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