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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Bowling alleys
801 Cedar St Mason, MI 48854-2084
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US43-1824111
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1961
Total area
32,556 SF
Lot
6.52 ac (284,011 SF)
Zoning code
C2
APN
33-19-10-05-153-006
UPID
US43-1824111
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
-
Karen E. May, D.C., CCSP, CCIP Physician
-
Garner Corrine E DO Physician
-
Momentum Health Neuropathy Center Medical Clinic
-
Circle of Life Counseling Services Family Counselor
-
Sandspiker Courts Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Leisure Tyme LLC · 22 yrs held
Leisure Tyme LLC
since 2004
6 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$26 / 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
$51,315
Tax year 2021
Assessed value
$1,161,580
Assessed 2023
Previous assessed
$1,020,820
+13.8% YoY
Effective rate
4.42%
On assessed value
Assessed land
$603,520
Assessed improvement
$558,060
Land market value
$1,207,040
Improvement market value
$1,116,120
Total market value
$2,323,160
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1961
Heating
YES
Stories
1
Total area
32,556 SF
Lot
6.52 ac (284,011 SF)
Zoning code
C2
APN
33-19-10-05-153-006
UPID
US43-1824111
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.
Building & site characteristics
From public records
Year built
1961
Heating
YES
Stories
1
Lot
6.52 ac
Current owner
From public records · entity-resolved
Leisure Tyme LLC
Entity
Mailing address
801 N CEDAR, MASON, MI 48854
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Aug 20, 2019
—
Leisure Tyme LLC
—
Deed Of Trust
related
$1,205,300 · Independent Bk
Jun 18, 2009
—
Leisure Tyme LLC
—
Trustees Deed
related
$149,699 · Independent Bank
Feb 24, 2004
$575,000
Leisure Tyme LLC
Mason Bowling Center INC
Warranty Deed
related
$1,150,000 · Independent Bank South Mi
—
—
Leisure Tyme LLC
—
Loan Modification
related
$631,000 · Independent Bank South Mi
—
—
Leisure Tyme LLC
—
Deed Of Trust
related
$451,987 · Independent Bk
—
—
Leisure Tyme LLC
—
Loan Modification
related
$1,205,300 · Independent Bk
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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