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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
2460 Cedar St Holt, MI 48842-3103
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0347198
Property summary
AI-generated overview
This exceptional Holt, MI retail center, located at 2460 Cedar St, 48842, offers 5,850 square feet of flexible space across four suites. Currently, 1,950 square feet is available, with the possibility of leasing up to 3,900 contiguous square feet. The property is classified as Class B and features one story with convenient drive-in access. The building sits on 0.87 acres of land and is ideally suited for a variety of retail, office, or industrial uses. Benefit from high visibility and significant foot traffic due to its prime location directly across from a Kroger grocery store, next to a Burger King, and anchored by Hungry Howie's Pizza. The available space boasts high ceilings and large windows, creating a bright and inviting atmosphere. Ample parking is available directly in front of the building. This is a fantastic opportunity to establish or expand your business in a thriving and rapidly growing area. The minimum divisible space is 1,950 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
5,850 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C-3
APN
33-25-05-15-202-006
UPID
US43-0347198
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
-
J C Supreme Coiffures Barber Shop
-
Only Outdoor Living General Contractor
-
Hungry Howie's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$665k
Owner & transaction history
Paige 7591 LLC · 2 yrs held
Paige 7591 LLC
since 2024
Last sale
$662,500
1 recorded transaction
Zoning & alternative use
C-3 · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$720,000
+55.4%
Restaurant
$680,000
+47.0%
Commercial (general)
$670,000
+44.0%
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
$665,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$465,000
Current use
MEDICAL BUILDING
$720,000
Change: +55% · Conversion: Difficult
RESTAURANT
$680,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$670,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $663k (Mar 13 2024)
Last sale anchor
$663k
Mar 13 2024
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
$114 / 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
$18,220
Tax year 2022
Assessed value
$273,200
Assessed 2023
Previous assessed
$273,200
+0.0% YoY
Effective rate
6.67%
On assessed value
Assessed land
$66,300
Assessed improvement
$206,900
Land market value
$132,600
Improvement market value
$413,800
Total market value
$546,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
YES
Stories
1
Total area
5,850 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C-3
APN
33-25-05-15-202-006
UPID
US43-0347198
Jurisdiction
INGHAM
Zoning & alternative use
C-3 · Holt, MIZoning C-3 · permitted uses
C-3 · Holt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$720,000
RESTAURANT
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$590,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
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
2001
Heating
YES
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Paige 7591 LLC
Entity
Mailing address
62 FIELDWAY CT, ROCHESTER, MI 48306-1761
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
$662,500
Paige 7591 LLC
Lansing Properties LLC
Warranty Deed
$520,000 · Pac Federal 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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