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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
4000 Holt Rd 53, Holt, MI 48842-1844
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1545926
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
7,226 SF
Lot
7.86 ac (342,382 SF)
Zoning code
IA
APN
33-25-05-14-477-022
UPID
US43-1545926
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
-
Legg Lumber Building Supply Industrial Manufacturer
-
Metter Construction, LLC Construction Company
-
Lumbertown Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$750k
Owner & transaction history
Thomas C Legg · 9 yrs held
Thomas C Legg
since 2016
2 recorded transactions
Zoning & alternative use
IA · Holt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$890,000
+88.2%
Restaurant
$840,000
+78.0%
Commercial (general)
$825,000
+74.4%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$475,000
Current use
MEDICAL BUILDING
$890,000
Change: +88% · Conversion: Difficult
RESTAURANT
$840,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$675,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$104 / 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
$24,875
Tax year 2022
Assessed value
$463,200
Assessed 2023
Previous assessed
$433,100
+6.9% YoY
Effective rate
5.37%
On assessed value
Assessed land
$224,600
Assessed improvement
$238,600
Land market value
$449,200
Improvement market value
$477,200
Total market value
$926,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Heating
SPACE
Buildings
6
Stories
1
Total area
7,226 SF
Lot
7.86 ac (342,382 SF)
Zoning code
IA
APN
33-25-05-14-477-022
UPID
US43-1545926
Jurisdiction
INGHAM
Zoning & alternative use
IA · Holt, MI
Zoning IA · permitted uses
IA · 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
WAREHOUSE, STORAGE Current
Est. value
$475,000
MEDICAL BUILDING
Est. value
$890,000
RESTAURANT
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$725,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$465,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Heating
SPACE
Stories
1
Buildings
6
Lot
7.86 ac
Current owner
From public records · entity-resolved
Thomas C Legg
Individual
Free & Clear · 9 yrs held
Mailing address
6289 GRAND HVN RD, NORTON SHORES, MI 49441-6017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 23, 2016
—
Thomas C Legg
Lansing Lumber Company
Warranty Deed
related
—
Aug 1, 2016
—
Thomas C Legg
Legg Louis E JR
Quit Claim Deed
related
—
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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