Office/Warehouse For
1250 N Cedar Street Mason, MI 48854
For Sale
$495,000
Pending
Office/warehouse on 4.485 acres with warehouse, shed, and office.
Property Size6,000 SF
Lot Size4.49 Acres
Days on Market1036
Property Features for 1250 N Cedar Street
General Information
Standard status
Pending
Size
6,000 SF
Lot size
4.49 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1953
Listing Agency:
Fathom Realty Oregon, LLC
(307) 699-0494
Listed By:
Kelly Miller · License #201246475
(307) 699-0494
Source:
Exitrealty
Added: Sep 29, 2023
Changed: Jul 10
Last Checked: Jul 29 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty Oregon, LLC
Investment Insights
Based on property information with market context.
Located on N Cedar Street between Holt and Mason in Delhi Township, this property features three buildings situated on 4.485 acres. The property is enclosed by a fence and includes approximately 6,000 square feet of warehouse space, a 728-square-foot shed, and a 480-square-foot office. The main building contains two warehouse spaces, divided into 2,000 square feet and 4,000 square feet, each with 14-foot ceilings and accessible via two overhead doors. The property benefits from high visibility on the north side of Cedar Street and backs up to water. Currently, the property is utilized for auto body service.
Key Highlights
- Three buildings on 4.485 acres: Offers ample space and potential for various uses.
- Approximately 6,000 sf of warehouse space: Provides substantial storage or operational area.
- Fenced property: Enhances security and defines boundaries.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $12.00 |
| − Vacancy | −$12.9k | −$2.15 |
| EGI | $59.1k | $9.85 |
| − OpEx | −$17.7k | −$2.96 |
| NOI | $41.4k | $6.90 |
6,000 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$723.0K
$632.6K – $843.5K
NOI $50,609 @ 7.0% cap · market cap 10.22%
Second Best
Retail
$591.1K
$517.2K – $689.6K
NOI $41,378 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$964.0K
$843.5K – $1.12M
NOI $67,478 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Holt - Mason Safe & Secure Storage — 760 Hogsback Rd, Mason, MI 48854
Frequently Asked Questions
What type of property is this?
Warehouse - Office/warehouse on 4.485 acres with warehouse, shed, and office.
Where is this warehouse located?
The property is located at 1250 N Cedar Street Mason, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three buildings on 4.485 acres: Offers ample space and potential for various uses.; Approximately 6,000 sf of warehouse space: Provides substantial storage or operational area.; Fenced property: Enhances security and defines boundaries.
