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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Automotive properties
525 Cedar St, Mason, MI 48854-1014
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0192186
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Timeless Treasures of Mason Home Decor Store (Bike/Boat/Book/etc) Store
-
Phantom Fireworks Tent Discount Store Party Supply Store
-
CoCo Blue (Bike/Boat/Book/etc) Store
-
KellaChic Home Decor Store Department Store
-
El Oasis Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$800k
Owner & transaction history
525 N Cedar LLC · 1 yrs held
525 N Cedar LLC
since 2025
1 recorded transaction
Zoning & alternative use
C2 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+22.5%
Restaurant
$1.1M
+15.9%
Commercial (general)
$1.1M
+13.5%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$945,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +22% · Conversion: Difficult
RESTAURANT
$1,095,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$875,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$85 / 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
$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
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
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, MI
Zoning C2 · permitted uses
C2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$945,000
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RESTAURANT
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
1974
Heating
SPACE
Stories
1
Buildings
2
Lot
4.17 ac
Current owner
From public records · entity-resolved
525 N Cedar LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11108 EDEN TRL, EAGLE, MI 48822-9626
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 3, 2025
—
525 N Cedar LLC
Sevor Properties Limited Liability
Warranty 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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