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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Strip malls
2380 Cedar St 13, Holt, MI 48842-2143
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-0477325
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
63,419 SF
Lot
11.97 ac (521,413 SF)
Zoning code
C-2
APN
33-25-05-15-226-022
UPID
US43-0477325
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
-
Daniel Margules Pediatrician Physician
-
Holt Lab | University of Michigan Health-Sparrow Medical Laboratory
-
Nails By Tina Nail Salon
-
Planet Fitness Gym & Fitness Center
-
Mrs. Julie Jones Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$1.76M
Owner & transaction history
Lancefield LLC · 12 yrs held
Lancefield LLC
since 2013
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±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
$28 / 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
$73,429
Tax year 2022
Assessed value
$1,338,800
Assessed 2023
Previous assessed
$1,335,200
+0.3% YoY
Effective rate
5.48%
On assessed value
Assessed land
$912,400
Assessed improvement
$426,400
Land market value
$1,824,800
Improvement market value
$852,800
Total market value
$2,677,600
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
1988
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
63,419 SF
Lot
11.97 ac (521,413 SF)
Zoning code
C-2
APN
33-25-05-15-226-022
UPID
US43-0477325
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.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
11.97 ac
Current owner
From public records · entity-resolved
Lancefield LLC
Entity
Mailing address
1791 CREEKVIEW TER, OKEMOS, MI 48864-3853
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2021
—
Lancefeidl Ll
—
Deed
related
$2,168,073 · Pnc Bank NA
Jul 13, 2016
—
Lancefield LLC
—
Deed
related
$2,280,000 · Horizon Bk
Sep 18, 2013
$920,000
Lancefield LLC
Capcar Realty 1 1 LLC
Deed
$736,000 · Summit Community Bank
Mar 11, 2009
—
Delhi Investment LLC
Delhi Village
Quit Claim Deed
related
—
Oct 2, 2008
—
Delhi Investment LLC
Delhi Village
Quit Claim Deed
related
—
—
—
Lancefield LLC
—
Loan Modification
related
$1,840,000 · Summit Cmnty Bk
—
—
Lancefield LLC
—
Loan Modification
related
$2,280,000 · Summit Cmnty Bk
—
—
Lancefield LLC
—
Loan Modification
related
$2,280,000 · Horizon Bk
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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