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Financial
Distress signals
Property profile

251 Mason Rd Howell, MI 48843

OFF-MARKET
Other industrial properties
Property ID
US43-0943073
43,040 SF 14.12 ac lot Built 1988
Last sale May 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 6.5-acre commercial land parcel located at 251 Mason Rd in Howell, Michigan, with direct access to I-96, Michigan Avenue, and Grand River. It is approved for development as a self-storage facility totaling 65,525 SF, consisting of 15,125 SF of climate-controlled storage units and 50,400 SF of non-climate-controlled storage units, with the potential to increase the climate-controlled portion. A separate retail pad fronts Michigan Avenue, providing an additional development component on the site. Public utilities are available at the property.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value · 2024$1,000k
Effective rate2.96%

Value estimate

· Oct 2026
$640k
$576k – $704k
Submarket $/SF estimate$1.62M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$37 – $80

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-1
I-1, Light Industrial Districts are designed so as to primarily accommodate wholesale activities, warehouses and industrial operations wh...
General categoryINDUSTRIAL
JurisdictionLIVINGSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store10.3
Storage Facility10.3
Parking Facility9.8

Location

251 Mason Rd Howell, MI 48843-2533
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1300 Packard, Howell, MI 48843-9548 $2,250,000 Jun 2025 24,000 SF
1240 Packard, Howell, MI 48843-7339 $2,383,000 Sep 2022 39,327 SF
1492 Old Us 23, Howell, MI 48843-9036 $1,394,400 Mar 2022 23,240 SF
1265 Grand Oaks, Howell, MI 48843-8578 $1,800,000 Jan 2022 23,360 SF
1033 Sutton, Howell, MI 48843-1714 $1,425,000 Aug 2021 34,484 SF
1212 Fendt, Howell, MI 48843-7594 $1,750,000 May 2020 62,680 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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