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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Manufacturing properties
822 Kim Dr Mason, MI 48854-9366
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1123021
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
20,200 SF
Lot
1.73 ac (75,359 SF)
Zoning code
M2
APN
33-19-10-05-126-014
UPID
US43-1123021
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
-
NITREX INC. – Michigan Operations Factory Production Facility
-
Wilson's Restoration Co General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$1.30M
Owner & transaction history
Kim M Cook Stewart · 1 yrs held
Kim M Cook Stewart
since 2024
4 recorded transactions
Zoning & alternative use
M2 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+60.4%
Office building
$1.9M
+48.8%
Retail stores
$1.6M
+26.5%
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%
$1,905,000
6.5%
$1,760,000
7%
$1,635,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,265,000
Current use
AUTO REPAIR, GARAGE
$2,035,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$1,885,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$1,600,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,325,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$64 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$37,677
Tax year 2023
Assessed value
$584,630
Assessed 2024
Previous assessed
$584,630
+0.0% YoY
Effective rate
6.44%
On assessed value
Assessed land
$18,840
Assessed improvement
$565,790
Land market value
$37,680
Improvement market value
$1,131,580
Total market value
$1,169,260
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Heating
SPACE
Buildings
3
Stories
1
Total area
20,200 SF
Lot
1.73 ac (75,359 SF)
Zoning code
M2
APN
33-19-10-05-126-014
UPID
US43-1123021
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
1978
Heating
SPACE
Stories
1
Buildings
3
Lot
1.73 ac
Current owner
From public records · entity-resolved
Kim M Cook Stewart
Individual
Mailing address
815 DART RD, MASON, MI 48854-9355
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Kim M Cook Stewart
Kim M Cook Stewart
Intrafamily Transfer
related
—
Jun 13, 2024
—
Norman R Stewart
Kim M Cook Stewart
Deed
related
—
Mar 17, 2004
—
Cook,viola D Trust
Cook,viola D
Quit Claim Deed
related
—
—
—
Cook,viola D Trust
—
Deed Of Trust
related
$550,000 · 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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