Property profile

5075 Willoughby Rd 2 Holt, MI 48842

OFF-MARKET
Assisted living facilities
Property ID
US43-0136773
15,321 SF 10.22 ac lot Built 1996
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located at 5075 E. Willoughby Rd in Holt, Michigan, offers 1,655 square feet of immediately available space. The property sits on an expansive 11-acre lot, providing ample parking and a serene work environment. The building is currently entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. Flexible lease terms are available to accommodate various business needs. Suites range in size from a minimum of 395 square feet to a maximum contiguous space of 730 square feet, making it ideal for small to medium-sized businesses. The building's "Executive Office" designation reflects its high-quality construction and finishes, ensuring a professional and productive workspace. Located in Ingham County, with a Holt, MI 48842 zip code, this property offers easy access to major transportation routes and local amenities. The building's 1,655 total square feet is divided into three available spaces, providing options for businesses of varying sizes. This is a rare opportunity to secure prime office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1996
Total area 15,321 SF
Lot 10.22 ac (445,183 SF)
Zoning code A-1
APN 33-25-05-16-229-002
UPID US43-0136773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Retirement Community

Location

5075 Willoughby Rd, Unit 2 Holt, MI 48842-1054
Holt metro Census 5501 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$821k
Blend (final) Blend
$1.44M

Owner & transaction history

since 2020
Last sale
$1.2M
5 recorded transactions
2020
Price N/A
2017
Price N/A
2014
$1.2M
2011
$1.8M
2009
$2.0M

Zoning & alternative use

A-1 · Holt, MI
Top alternative use upside
Office building $1.8M +118.4%
Restaurant $1.7M +114.2%
Commercial (general) $1.6M +101.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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