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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Strip malls
132 Cedar St Mason, MI 48854-2401
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5001936
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
42,954 SF
Lot
3.11 ac (135,472 SF)
Zoning code
C2
APN
33-19-10-08-130-010
UPID
US43-5001936
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
-
Snap Fitness Mason Gym & Fitness Center
-
Marco's Pizza Restaurant
-
FedEx OnSite Postal Service Courier Service
-
HELEN LYNETTE BIERY Physician
-
Peak Performance Physical Therapy- Mason Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.24M
Owner & transaction history
South Main Street Investments LLC · 10 yrs held
South Main Street Investments LLC
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Mason, 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 Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason 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
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$29 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$66,540
Tax year 2021
Assessed value
$1,007,050
Assessed 2023
Previous assessed
$934,140
+7.8% YoY
Effective rate
6.61%
On assessed value
Assessed land
$215,910
Assessed improvement
$791,140
Land market value
$431,820
Improvement market value
$1,582,280
Total market value
$2,014,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Heating
YES
Stories
1
Total area
42,954 SF
Lot
3.11 ac (135,472 SF)
Zoning code
C2
APN
33-19-10-08-130-010
UPID
US43-5001936
Jurisdiction
INGHAM
Zoning & alternative use
C2 · Mason, MIZoning C2 · permitted uses
C2 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Heating
YES
Stories
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
South Main Street Investments LLC
Entity
Mailing address
2149 JOLLY RD STE #200, OKEMOS, MI 48864-6027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2020
—
South Main Street Invst LLC
—
Deed
related
$2,200,000 · Independent Bk
Jul 2, 2019
—
South Main Street Invs LLC
—
Loan Modification
related
$1,824,707 · Independent Bk
Apr 3, 2018
—
South Main Street Invs LLC
—
Deed
related
$1,824,707 · Independent Bk Waco Bosque
Nov 6, 2017
—
South Main Street Investments
—
Trustees Deed
related
$250,000 · Independent Bk
Jun 30, 2016
—
South Main Street Investments
—
Deed
related
$868,000 · Independent Bk
Oct 28, 2015
—
South Main Street Investments LLC
Feldpausch Realty LLC
Warranty Deed
$868,000 · Independent Bank
May 13, 2008
$1,500
Michigan Department Of Transporta
Feldpaush Realty LLC
Warranty Deed
related
—
Jun 21, 2007
—
Feldpausch Realty LLC
G & R Felpausch
Quit Claim Deed
related
—
—
—
South Main Street Investments
—
Loan Modification
related
$868,000 · Independent Bk
—
—
South Main Street Invs LLC
—
Loan Modification
related
$1,824,707 · Independent Bk Waco Bosque
—
—
South Main Street Invst LLC
—
Loan Modification
related
$2,200,000 · Independent Bk
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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