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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Warehouses
566 Cedar St Mason, MI 48854-1033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1471977
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
21,400 SF
Lot
4.07 ac (177,289 SF)
Zoning code
M2
APN
33-19-10-05-327-019
UPID
US43-1471977
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
-
Community Mental Health-Mason Rural Outreach Crisis Center Medical Clinic
-
Your SEO Squad Marketing & Advertising
-
Mason Rural Outreach Program-Community Mental Health Authority Crisis Center Medical Clinic
-
Pest Control Solutions Garden Center
-
Kristine Brady, RN Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.40M
Owner & transaction history
Sroa 566 N Cedar Mi LLC · 3 yrs held
Sroa 566 N Cedar Mi LLC
since 2022
3 recorded transactions
Zoning & alternative use
M2 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+53.7%
Office building
$2.0M
+42.5%
Retail stores
$1.7M
+21.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,400,000
Current use
AUTO REPAIR, GARAGE
$2,155,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$1,995,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,695,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$65 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$31,866
Tax year 2021
Assessed value
$650,450
Assessed 2023
Previous assessed
$445,520
+46.0% YoY
Effective rate
4.90%
On assessed value
Assessed land
$177,290
Assessed improvement
$473,160
Land market value
$354,580
Improvement market value
$946,320
Total market value
$1,300,900
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
1979
Heating
SPACE
Stories
1
Total area
21,400 SF
Lot
4.07 ac (177,289 SF)
Zoning code
M2
APN
33-19-10-05-327-019
UPID
US43-1471977
Jurisdiction
INGHAM
Zoning & alternative use
M2 · Mason, MI
Zoning M2 · permitted uses
M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Heating
SPACE
Stories
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Sroa 566 N Cedar Mi LLC
Entity
Mailing address
324 S DATURA ST STE #338, WEST PALM BEACH, FL 33401-5417
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
Sroa 566 N Cedar Mi LLC
—
Deed
related
$106,500,000 · Tiaa Fsb Holdings INC
Sep 1, 2022
—
Sroa 566 N Cedar Mi LLC
Five Star Store It Mason LLC
Quit Claim Deed
$330,848,237 · Goldman Sachs Bank USA
Apr 25, 2018
—
Five Star Store It Mason LLC
N Cedar LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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