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Property profile & analytics
FOR LEASE
Strip malls
806 Hogsback Rd Mason, MI 48854
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1747488
For Lease
1 / 6
$19 SF/Yr
806 Hogsback Rd, Mason, MI 48854
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully occupied, four-unit executive office building situated on a 3.12-acre lot in Mason, Michigan. The property, known as Cedar View Professional Park, boasts 8,006 square feet and is anchored by a long-term tenant, the Secretary of State office, ensuring stable income. Built in 2010 at 806 Hogsback Rd, 48854, the property enjoys high visibility due to its prominent street frontage. The current occupancy rate is 100%, generating a substantial gross annual income of $129,960 and a net operating income (NOI) of $70,464, resulting in an attractive 7.6% capitalization rate. This multi-tenant property offers a secure and profitable investment with a strong tenant base and excellent location within Ingham County. The property's strategic location and consistent income stream make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request. This is a rare opportunity to acquire a high-performing commercial property in a thriving market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
8,006 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B-1
APN
33-06-06-31-151-007
UPID
US43-1747488
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
-
Capital Internal Medicine Associates, P.C. Medical Clinic
-
Motors INC Car Dealership
-
Secretary of State office Department Of Motor Vehicles Driver'S License Office
-
Cooper Jonathan S DO Pediatrician Physician
-
Motors Inc World's Smallest Car Dealer Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$695k
Owner & transaction history
Afm Mason Investment LLC · 1 yrs held
Afm Mason Investment LLC
since 2024
6 recorded transactions
Zoning & alternative use
B-1 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+92.1%
Restaurant
$935,000
+81.7%
Commercial (general)
$915,000
+78.0%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Current use
MEDICAL BUILDING
$985,000
Change: +92% · Conversion: Difficult
RESTAURANT
$935,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$805,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$635,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$525,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$87 / 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
$16,962
Tax year 2019
Assessed value
$494,400
Assessed 2023
Previous assessed
$407,700
+21.3% YoY
Effective rate
3.43%
On assessed value
Assessed land
$203,900
Assessed improvement
$290,500
Land market value
$407,800
Improvement market value
$581,000
Total market value
$988,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2009
Heating
YES
Stories
1
Total area
8,006 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B-1
APN
33-06-06-31-151-007
UPID
US43-1747488
Jurisdiction
INGHAM
Zoning & alternative use
B-1 · Mason, MIZoning B-1 · permitted uses
B-1 · Mason, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$515,000
MEDICAL BUILDING
Est. value
$985,000
RESTAURANT
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2009
Heating
YES
Stories
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
Afm Mason Investment LLC
Entity
Mailing address
800 S AURELIUS RD, MASON, MI 48854-9774
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 18, 2024
—
Afm Mason Investment LLC
Cedar View Professional Park LLC
Warranty Deed
$640,000 · Signature Bank NA
Dec 14, 2020
—
Orlando,jean A Trust
View Professional Park L Cedar
Quit Claim Deed
related
—
Oct 15, 2019
—
Cedar View Professional Park L L C
—
Deed
related
$675,000 · Eaton Fsb
Mar 22, 2010
—
Cedar View Prof Park LLC
—
Trustees Deed
related
$449,000 · Dart Bank
Jun 18, 2009
$150,000
Cedar View Prof Park LLC
Orlando,francesco & Jean
Warranty Deed
$296,000 · Dart Bank
—
—
Cedar View Prof Park LLC
—
Deed Of Trust
related
$130,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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