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Property profile & analytics
OFF-MARKET
Strip malls
2375 Cedar St 11 Holt, MI 48842-2119
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-1621682
Property summary
AI-generated overview
This 6,500 square foot retail space in Holt, Michigan, presents a prime leasing opportunity. Located at 2375 N Cedar St, this single-story, multi-tenant building offers five suites within a professionally managed strip center. The property boasts excellent visibility due to its location on Cedar Street and proximity to the 96 Interchange, further enhanced by a highly visible road sign. This end-cap space offers immediate availability and includes a convenient break room. The property is situated in Ingham County, Michigan, zip code 48842, and shares the center with established businesses such as Subway, creating a thriving retail environment. This high-traffic location ensures exceptional accessibility and exposure for your business. The property is ideal for a variety of retail uses and offers a dynamic and inviting setting for businesses to flourish. Don't miss this chance to secure a space in this sought-after location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
6,000 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-2
APN
33-25-05-15-201-012
UPID
US43-1621682
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
-
State Farm Insurance Insurance Agency
-
Subway Take-out & Catering Catering Service
-
Holt Cleaners (Bike/Boat/Book/etc) Store
-
King Tobacco & Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Blaze up smokeshop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mdl Midway LLC · 13 yrs held
Mdl Midway LLC
since 2013
2 recorded transactions
Zoning & alternative use
C-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,084
Tax year 2022
Assessed value
$225,500
Assessed 2023
Previous assessed
$214,200
+5.3% YoY
Effective rate
6.25%
On assessed value
Assessed land
$41,200
Assessed improvement
$184,300
Land market value
$82,400
Improvement market value
$368,600
Total market value
$451,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
YES
Stories
1
Total area
6,000 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-2
APN
33-25-05-15-201-012
UPID
US43-1621682
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Holt, MIZoning 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
Building & site characteristics
From public records
Year built
1989
Heating
YES
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Mdl Midway LLC
Entity
Mailing address
1120 KEYSTONE AVE, LANSING, MI 48911-4032
Ownership since
2013
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
Apr 5, 2013
—
Mdl Midway LLC
Holt Manor Mobile Home Park
Quit Claim Deed
related
$307,500 · Michigan State University FCU
Apr 5, 2013
$410,000
Mdl Midway LLC
Midway Plaza Properties LLC
Warranty Deed
$307,500 · Michigan State University FCU
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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