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Property profile & analytics
FOR LEASE
Distribution centers
4171 Legion Dr Mason, MI 48854
Entity Owned
14-yr Hold
Free & Clear
Property ID
US43-1946160
For Lease
1 / 7
$9.50 SF/Yr
4171 Legion Dr, Mason, MI 48854
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
16,536 SF
Lot
0.89 ac (38,551 SF)
Zoning code
M1
APN
33-10-10-06-204-017
UPID
US43-1946160
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
-
Esser Builders II Construction Company
-
USA Construction Construction Company
-
R-Value Insulation Co General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$530k
Owner & transaction history
Sah Ents LLC · 14 yrs held
Sah Ents LLC
since 2012
7 recorded transactions
Zoning & alternative use
M1 · Mason, 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 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$32 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$7,680
Tax year 2019
Assessed value
$157,350
Assessed 2023
Previous assessed
$146,750
+7.2% YoY
Effective rate
4.88%
On assessed value
Assessed land
$42,550
Assessed improvement
$114,800
Land market value
$85,100
Improvement market value
$229,600
Total market value
$314,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1985
Heating
YES
Stories
1
Total area
16,536 SF
Lot
0.89 ac (38,551 SF)
Zoning code
M1
APN
33-10-10-06-204-017
UPID
US43-1946160
Jurisdiction
INGHAM
Zoning & alternative use
M1 · Mason, MI
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1985
Heating
YES
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Sah Ents LLC
Entity
Free & Clear · 14 yrs held
Mailing address
3121 S PENNSYLVANIA AVE STE #11, LANSING, MI 48910-3404
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
$205,000
Sah Ents LLC
Oak Tree Investments LLC
Warranty Deed
—
Jan 6, 2011
—
Harty J Ausel
Oak Tree Investments LLC
Grant Deed
—
Dec 26, 2007
—
4171 Group LLC
Lamb,douglas & Kim
Grant Deed
—
Apr 7, 2006
—
Tower Lease Acquisition L Cell
—
Deed Of Trust
related
$200,000,000 · Cell Tower Lease Funding LLC
Feb 14, 2006
$232,500
B & H Industries Ltd
Lamb Harmon R Trust
Warranty Deed
—
Feb 14, 2006
—
Oak Tree Investments LLC
B & H Industries Ltd
Warranty Deed
$215,000 · Dart Bank
—
—
Sah Ents LLC
—
Deed Of Trust
related
$202,011 · Lucy Ausel
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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