New search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
2457 Cedar St, Holt, MI 48842-2103
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-0847569
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
5,373 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C-2
APN
33-25-05-15-201-002
UPID
US43-0847569
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
-
Los Tres Amigos Restaurant
-
Los Tres Amigos Holt Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$550k
Owner & transaction history
Lta Sc Building LLC · 5 yrs held
Lta Sc Building LLC
since 2021
Last sale
$437,000
7 recorded transactions
Zoning & alternative use
C-2 · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$660,000
+5.7%
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
$570,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$625,000
Current use
MEDICAL BUILDING
$660,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $437k (Mar 10 2021)
Last sale anchor
$437k
Mar 10 2021
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
$102 / 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
$18,762
Tax year 2022
Assessed value
$397,200
Assessed 2023
Previous assessed
$334,400
+18.8% YoY
Effective rate
4.72%
On assessed value
Assessed land
$143,300
Assessed improvement
$253,900
Land market value
$286,600
Improvement market value
$507,800
Total market value
$794,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
YES
Stories
1
Total area
5,373 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C-2
APN
33-25-05-15-201-002
UPID
US43-0847569
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
RESTAURANT Current
Est. value
$625,000
MEDICAL BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$540,000
OFFICE BUILDING
Est. value
$500,000
RESTAURANT Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
1990
Heating
YES
Stories
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Lta Sc Building LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2420 E GRAND RIV RD, WILLIAMSTON, MI 48895-9501
Ownership since
2021
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
Mar 10, 2021
$437,000
Lta Sc Building LLC
Big Ten Ribs INC
Warranty Deed
—
May 26, 2016
—
Big Ten Ribs INC
—
Deed
related
$808,623 · Community First Cu
Apr 5, 2016
$17,000
Big Ten Ribs INC
Rockin Ribs LLC
Quit Claim Deed
related
—
Jun 3, 2013
—
Rockin Ribs LLC
—
Trustees Deed
related
$877,800 · Community First Cu
Oct 4, 2012
$450,000
Rockin Ribs LLC
Chips IV LLC
Warranty Deed
$337,500 · Community Bank & Trust Co
Mar 30, 2005
$664,913
Citizens Bank
Sheriff Of Ingham County
Trustees Deed
related
—
—
—
Rockin Ribs LLC
—
Loan Modification
related
$1,087,500 · Community Bank & Trust Co
—
—
Chips IV LLC
—
Deed Of Trust
related
$664,000 · Peoples Community Bank
—
—
Big Ten Ribs INC
—
Deed Of Trust
related
$808,623 · Community First Cu
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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