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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Banks
322 Jefferson St 3 Mason, MI 48854-1631
Individually Owned
9-yr Hold
Free & Clear
Property ID
US43-1712717
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1900
Total area
3,300 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C1
APN
33-19-10-08-236-025
UPID
US43-1712717
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
-
Law Offices of Timothy M Williams J.D.P.C Law Firm
-
Neverland Event House Hotel & Motel Resort
-
National Elevator Industry Educational Program (NEIEP) Training Center Region 10 - Great Lakes Training Center Tutoring Service
-
Commercial Bank Bank Loan Service
-
Divine Energy Connection Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$535k
Owner & transaction history
Mason St Bk · 9 yrs held
Mason St Bk
since 2017
1 recorded transaction
Zoning & alternative use
C1 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$385,000
+3.3%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$370,000
Current use
RETAIL STORES
$385,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$162 / 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
$44,127
Tax year 2022
Assessed value
$753,490
Assessed 2023
Previous assessed
$612,810
+23.0% YoY
Effective rate
5.86%
On assessed value
Assessed land
$32,580
Assessed improvement
$720,910
Land market value
$65,160
Improvement market value
$1,441,820
Total market value
$1,506,980
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Buildings
4
Stories
2
Total area
3,300 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C1
APN
33-19-10-08-236-025
UPID
US43-1712717
Jurisdiction
INGHAM
Zoning & alternative use
C1 · Mason, MI
Zoning C1 · permitted uses
C1 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mason. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$370,000
RETAIL STORES
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$350,000
OFFICE BUILDING
Est. value
$340,000
FINANCIAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1900
Heating
YES
Stories
2
Buildings
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mason St Bk
Individual
Free & Clear · 9 yrs held
Mailing address
101 N PNE RIV ST, ITHACA, MI 48847-1039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Jan 5, 2017
—
Mason St Bk
Mason St Bk
Quit Claim 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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