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Property profile & analytics
OFF-MARKET
Retail space
202 Park St Mason, MI 48854-1635
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-4993037
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,516 SF
Lot
0.08 ac (3,485 SF)
Zoning code
O1
APN
33-19-10-08-232-003
UPID
US43-4993037
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
-
Ethos Real Estate West Real Estate Agency
-
Skincare by Julia Spa & Massage Center
-
E's Rose Clothes Clothing & Fashion Store
-
Gold Star Appraisals, Inc. Real Estate Agency
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
Elsagrco LLC · 5 yrs held
Elsagrco LLC
since 2021
Last sale
$135,000
2 recorded transactions
Zoning & alternative use
O1 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ict RS-3 district: High density single-family residential district R2F district: Two-family residential district RM district: 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: Genera…
Zone name
Office District
General category
COMMERCIAL
Zone area
76.53 ac
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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,076
Tax year 2022
Assessed value
$67,750
Assessed 2023
Previous assessed
$52,120
+30.0% YoY
Effective rate
6.02%
On assessed value
Assessed land
$3,330
Assessed improvement
$64,420
Land market value
$6,660
Improvement market value
$128,840
Total market value
$135,500
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
Heating
YES
Buildings
2
Stories
1
Total area
1,516 SF
Lot
0.08 ac (3,485 SF)
Zoning code
O1
APN
33-19-10-08-232-003
UPID
US43-4993037
Jurisdiction
INGHAM
Zoning & alternative use
O1 · Mason, MIZoning O1 · permitted uses
O1 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ict RS-3 district: High density single-family residential district R2F district: Two-family residential district RM district: 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 ma
Zone name
Office District
General category
COMMERCIAL
Zone area
76.53 ac
Building & site characteristics
From public records
Heating
YES
Stories
1
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Elsagrco LLC
Entity
Mailing address
202 S PARK ST, MASON, MI 48854-1635
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$135,000
Elsagrco LLC
Jamie Bailor
Warranty Deed
$95,900 · The Dart Bank
Jun 30, 2021
—
Elsagrco LLC
Gordon E Bailor
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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