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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
1380 Cedar Rd Mason, MI 48854-9586
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US43-5246752
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
5,021 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
33-25-05-25-102-011
UPID
US43-5246752
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$570k
Owner & transaction history
D S Carl LLC · 15 yrs held
D S Carl LLC
since 2011
3 recorded transactions
Zoning & alternative use
C-2 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict: Multiple-family residential district MH district: Manufactured home park residential district O-1 district: General office district O-2 district: Specialized office district C-1 district: Central business district C-2 district: General commercial district C-3 district: Local commercial district -1 district: Light manufacturing district M-2 district: Ge…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
193.42 ac
Top alternative use upside
Medical building
$620,000
+55.4%
Restaurant
$585,000
+47.0%
Commercial (general)
$575,000
+44.0%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
MEDICAL BUILDING
$620,000
Change: +55% · Conversion: Difficult
RESTAURANT
$585,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$575,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$114 / 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
$17,364
Tax year 2022
Assessed value
$321,600
Assessed 2023
Previous assessed
$325,900
-1.3% YoY
Effective rate
5.40%
On assessed value
Assessed land
$12,800
Assessed improvement
$308,800
Land market value
$25,600
Improvement market value
$617,600
Total market value
$643,200
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
Off-Market
Year built
1991
Heating
YES
Buildings
3
Stories
1
Total area
5,021 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
33-25-05-25-102-011
UPID
US43-5246752
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Mason, MIZoning C-2 · permitted uses
C-2 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict: Multiple-family residential district MH district: Manufactured home park residential district O-1 district: General office district O-2 district: Specialized office district C-1 district: Central business district C-2 district: General commercial district C-3 district: Local commercial district -1 district: Light manufacturing district M-2 district: General manufacturing district PUD district: Planned unit development district (Ord.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
193.42 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$400,000
MEDICAL BUILDING
Est. value
$620,000
RESTAURANT
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1991
Heating
YES
Stories
1
Buildings
3
Lot
1 ac
Current owner
From public records · entity-resolved
D S Carl LLC
Entity
Mailing address
217 OKEMOS ST, MASON, MI 48854-1216
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2011
—
D S Carl LLC
Sport Shows Promotions LLC
Quit Claim Deed
related
$368,488 · Mason State Bank
—
—
Sport Shows Promotions LLC
—
Loan Modification
related
$5,298 · Mason State Bank
—
—
Sport Shows Promotions LLC
—
Loan Modification
related
$57,120 · Mason State Bank
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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