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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
585 Jewett Rd Mason, MI 48854-8729
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US43-1580739
Property summary
AI-generated overview
This single-story, 6,200-square-foot office building at 585 Jewett Rd in Mason, Michigan, presents a compelling opportunity for businesses seeking flexible space. Built in 1968, the property is classified as Class C and sits on a generous 9.5-acre lot. The building features two suites, with a minimum divisible space of 3,100 square feet and a maximum contiguous space of 6,200 square feet, offering adaptability for various tenant needs. The zoning is M-1. The property's address is 585 Jewett Rd, Mason, MI 48854 (APN: 33-10-10-17-200-006). Its convenient location provides easy access to US-127, and is in close proximity to established businesses such as Meijer, Kavon's, and MSUFCU. The property includes a fenced play area, making it particularly suitable for businesses that cater to children or require outdoor space. This traditional office building offers a unique blend of space, location, and potential, making it an attractive option for a variety of businesses. The property is comprised of one building with a total of 6,200 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
6,100 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M1
APN
33-10-10-17-200-006
UPID
US43-1580739
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
-
Jessie M. Maynard, LLP Physician
-
Sharon A. Ledy, LLPC Counselor Doctor
-
Dr. Marion Dunn, DO Physician
-
Watson Barbara A Physician
-
Joshua Nnanji Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$545k
Owner & transaction history
Jemm Lc · 20 yrs held
Jemm Lc
since 2005
1 recorded transaction
Zoning & alternative use
M1 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$750,000
+32.1%
Restaurant
$710,000
+25.0%
Commercial (general)
$695,000
+22.4%
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
OFFICE BUILDING
$570,000
Current use
MEDICAL BUILDING
$750,000
Change: +32% · Conversion: Easy
RESTAURANT
$710,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$89 / 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
$7,953
Tax year 2019
Assessed value
$320,850
Assessed 2023
Previous assessed
$288,200
+11.3% YoY
Effective rate
2.48%
On assessed value
Assessed land
$15,200
Assessed improvement
$305,650
Land market value
$30,400
Improvement market value
$611,300
Total market value
$641,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
YES
Stories
1
Total area
6,100 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M1
APN
33-10-10-17-200-006
UPID
US43-1580739
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$570,000
MEDICAL BUILDING
Est. value
$750,000
RESTAURANT
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
YES
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Jemm Lc
Individual
Mailing address
538 W ASH ST, MASON, MI 48854-1554
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Sep 1, 2005
$185,000
Jemm Lc
Morrison Dev
Warranty Deed
$170,000 · Dart 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.
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