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Property profile & analytics
OFF-MARKET
Warehouses
4200 Legion Dr Mason, MI 48854-1053
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-1950704
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
3,873 SF
Lot
5.53 ac (240,887 SF)
Zoning code
M1
APN
33-10-10-06-201-002
UPID
US43-1950704
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
-
Holt Products Co Industrial Manufacturer Production Facility
-
Applied Flooring, Inc. General Contractor Renovation Specialist
-
Apex Precision Solutions Industrial Manufacturer Production Facility
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
4200 Legion LLC · 9 yrs held
4200 Legion LLC
since 2017
6 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
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
$32,583
Tax year 2022
Assessed value
$702,250
Assessed 2023
Previous assessed
$597,150
+17.6% YoY
Effective rate
4.64%
On assessed value
Assessed land
$88,450
Assessed improvement
$613,800
Land market value
$176,900
Improvement market value
$1,227,600
Total market value
$1,404,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
SPACE
Buildings
7
Stories
1
Total area
3,873 SF
Lot
5.53 ac (240,887 SF)
Zoning code
M1
APN
33-10-10-06-201-002
UPID
US43-1950704
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
1958
Heating
SPACE
Stories
1
Buildings
7
Lot
5.53 ac
Current owner
From public records · entity-resolved
4200 Legion LLC
Entity
Mailing address
1882 CROMWELL ST, HOLT, MI 48842-1510
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
—
4200 Hunt LLC
—
Deed
related
$850,000 · Pnc Bank NA
Oct 14, 2024
—
4200 Hunt LLC
—
Deed
related
$1,280,000 · Pnc Bank NA
Jan 4, 2017
$1,037,000
4200 Legion LLC
4200 Legion LLC
Warranty Deed
related
$829,600 · Pnc Bank NA
Jul 15, 2011
—
4200 Legion LLC
Zions First National Bank
Other
$270,000 · Summit Community Bank
Sep 2, 2009
$2,052,387
Zions First Natl Bk
Sheriff Of Ingham County
Trustees Deed
related
—
—
—
Dennis L Thomas
—
Deed Of Trust
related
$2,015,000 · Zions First National 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.
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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