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Property profile & analytics
FOR SALE
Retail space
133 Mason St Saugatuck, MI 49453
Individually Owned
9-yr Hold
Free & Clear
Property ID
US43-1925538
For Sale
1 / 55
$950,000
133 Mason St, Saugatuck, MI 49453
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Total area
2,300 SF
Lot
0.03 ac (1,133 SF)
Zoning code
CC-CITYCENT C1
APN
57-300-178-10
UPID
US43-1925538
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
-
Pink Patio Department Store
-
The Patio Boyz Clothing Store
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
Neil D Atherton · 9 yrs held
Neil D Atherton
since 2016
1 recorded transaction
Zoning & alternative use
CC-CITYCENT C1 · Saugatuck, 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 Saugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugatuck 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 2023Property tax & assessments
Tax year 2023
Assessed value
$192,900
Assessed 2024
Previous assessed
$175,700
+9.8% YoY
Assessed land
$21,600
Assessed improvement
$171,300
Land market value
$43,200
Improvement market value
$342,600
Total market value
$385,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1908
Heating
FORCED AIR
Buildings
1
Stories
3
Bathrooms
6
Total area
2,300 SF
Lot
0.03 ac (1,133 SF)
Zoning code
CC-CITYCENT C1
APN
57-300-178-10
UPID
US43-1925538
Jurisdiction
ALLEGAN
Zoning & alternative use
CC-CITYCENT C1 · Saugatuck, MI
Zoning CC-CITYCENT C1 · permitted uses
CC-CITYCENT C1 · Saugatuck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugatuck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1908
Heating
FORCED AIR
Stories
3
Buildings
1
Bathrooms
6
Lot
0.03 ac
Current owner
From public records · entity-resolved
Neil D Atherton
Individual
Free & Clear · 9 yrs held
Mailing address
651 SW ELM TREE LN, BOCA RATON, FL 33486-5621
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2016
—
Neil D Atherton
Neil D Atherton
Intrafamily Transfer
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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