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Property profile & analytics
OFF-MARKET
Medical Office Space
2500 Cedar St, Holt, MI 48842-2158
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US43-1183235
Property summary
AI-generated overview
This 1,902 square foot medical office building, located at 2500 N Cedar St, Holt, MI 48842, presents a unique opportunity. Situated in Ingham County, this single-tenant Class B building was constructed in 1979 and features a versatile layout ideal for various medical practices. The property boasts ample parking and is conveniently located near the I-96 and Cedar St interchange, ensuring easy access for both patients and staff. Its C2 zoning within the desirable Delhi Township provides flexibility for potential customization. The building's enduring construction and established presence in the area make it an attractive option for businesses seeking a well-maintained and easily accessible location. This Holt, Michigan property offers a prime opportunity to establish or expand a medical practice in a thriving community. The address is 2500 N Cedar St, at the cross streets of N Cedar St & Willoughby Rd.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
2,004 SF
Lot
0.55 ac (24,002 SF)
Zoning code
C-2
APN
33-25-05-15-202-002
UPID
US43-1183235
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
-
Dr. Michael J. Novello, DDS Dental Office
-
Dr. Roxanne Ford Dental Office
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
2500 Cedar Street LLC · 21 yrs held
2500 Cedar Street LLC
since 2005
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
$7,532
Tax year 2022
Assessed value
$134,200
Assessed 2023
Previous assessed
$121,800
+10.2% YoY
Effective rate
5.61%
On assessed value
Assessed land
$25,800
Assessed improvement
$108,400
Land market value
$51,600
Improvement market value
$216,800
Total market value
$268,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Heating
YES
Stories
1
Total area
2,004 SF
Lot
0.55 ac (24,002 SF)
Zoning code
C-2
APN
33-25-05-15-202-002
UPID
US43-1183235
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
1979
Heating
YES
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
2500 Cedar Street LLC
Entity
Mailing address
2500 CEDAR ST, HOLT, MI 48842-2158
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
May 13, 2005
—
2500 Cedar Street LLC
Novello,michael J & Mary C
Warranty Deed
—
—
—
2500 Cedar St LLC
—
Deed Of Trust
related
$225,000 · Dart Bank
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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