Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity in Mason, Michigan, presents two buildings totaling 12,600 square feet on a 4.17-acre lot. The property is zoned C2, offering versatility for various commercial uses. One building, a former auto showroom (9,400 SF), was built in 1974 and later converted to retail space. The second building (3,200 SF) was originally an auto repair center. Both are well-maintained and situated on a large parcel providing ample parking and potential for expansion or development. The prime Mason location ensures strong visibility and accessibility, attracting significant customer traffic. This property is ideal for retail businesses, free-standing operations, or adaptive reuse projects. Its established location, combined with the substantial land area and flexible zoning, makes it a prime investment opportunity in a thriving commercial market. The property offers excellent proximity to key transportation routes and local amenities. Additional income potential exists from the extra land, suitable for outdoor seasonal storage. The asking price is $795,000. The lease type is NNN, and the tenancy is single.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1974
Total area
9,400 SF
Lot
4.17 ac (181,645 SF)
Zoning code
C2
APN
33-19-10-05-328-003
UPID
US43-0192186
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Decor Store (Bike/Boat/Book/etc) Store
-
Discount Store Party Supply Store
-
(Bike/Boat/Book/etc) Store
-
Home Decor Store Department Store
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$490k
Owner & transaction history
since 2025
1 recorded transaction
Zoning & alternative use
C2 · Mason, MI
Top alternative use upside
Medical building
$1.2M
+22.5%
Restaurant
$1.1M
+15.9%
Commercial (general)
$1.1M
+13.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$490k
Value range
$441k – $539k
±10% around blend
Estimated value / SF
$52 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$441k
blend $490k
$539k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,400 SF
Lot area
4.17 ac
Year built
1974
Stories
1
APN
33-19-10-05-328-003
Zoning
C2
Assessed value
$355,020
Annual tax
$25,289
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.07M
Range $519k – $1.53M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$490k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 70 sales
$101
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $52/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+22%
vs current-use indication
Restaurant
Commercial (general)
Auto Repair, Garage · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$355k
Move the market yield to see immediate price impact.
Value / SF
$38
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$447k
$320k
$249k
$25k
$497k
$355k
$276k
$27k
$547k
$391k
$304k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$25,289
Tax year 2022
Assessed value
$355,020
Assessed 2023
Previous assessed
$358,470
-1.0% YoY
Effective rate
7.12%
On assessed value
Assessed land
$127,150
Assessed improvement
$227,870
Land market value
$254,300
Improvement market value
$455,740
Total market value
$710,040
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1974
Heating
SPACE
Buildings
2
Stories
1
Total area
9,400 SF
Lot
4.17 ac (181,645 SF)
Zoning code
C2
APN
33-19-10-05-328-003
UPID
US43-0192186
Jurisdiction
INGHAM
Zoning & alternative use
C2 · Mason, MIZoning C2 · permitted uses
C2 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
SPACE
Stories
1
Buildings
2
Lot
4.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Mason, MI
Recorded code
C2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Mason, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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