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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Medical Office Space
810 Hogsback Rd Mason, MI 48854-9394
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US43-1854810
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
7,686 SF
Lot
2.15 ac (93,654 SF)
Zoning code
B-1
APN
33-06-06-31-151-006
UPID
US43-1854810
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
-
Henry Ford Physical Rehabilitation - Mason Rehabilitation Center
-
Marcos Iza, MD Pediatrician Physician
-
Dana L Carl, NP Physician
-
Maria C Opolka, DO Pediatrician Physician
-
Ashley Meyer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.07M
Owner & transaction history
Wjme Properties LLC · 16 yrs held
Wjme Properties LLC
since 2009
2 recorded transactions
Zoning & alternative use
B-1 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Current use
RESTAURANT
$895,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$139 / 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
$25,322
Tax year 2019
Assessed value
$600,900
Assessed 2023
Previous assessed
$539,300
+11.4% YoY
Effective rate
4.21%
On assessed value
Assessed land
$140,500
Assessed improvement
$460,400
Land market value
$281,000
Improvement market value
$920,800
Total market value
$1,201,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
ZONE
Stories
1
Total area
7,686 SF
Lot
2.15 ac (93,654 SF)
Zoning code
B-1
APN
33-06-06-31-151-006
UPID
US43-1854810
Jurisdiction
INGHAM
Zoning & alternative use
B-1 · Mason, MI
Zoning 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
Mason. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$945,000
RESTAURANT
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$775,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
ZONE
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Wjme Properties LLC
Entity
Mailing address
205 NE AVE, JACKSON, MI 49201-1753
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
—
Wjme Properties LLC
—
Deed
related
$800,000 · Eaton Fsb
Aug 6, 2009
$163,000
Wjme Properties LLC
Cedar View Prof Park LLC
Warranty Deed
$1,022,000 · 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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