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Property profile & analytics
OFF-MARKET
Retail space
8474 Mason Dr Newaygo, MI 49337-8818
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4127780
Property summary
AI-generated overview
This exceptional 2,220-square-foot warehouse, located at 8474 Mason Dr in Newaygo, Michigan, presents a fantastic leasing opportunity. The property is situated in Newaygo County, zip code 49337, and offers a single-tenant occupancy. The building underwent a complete renovation in 2019, ensuring modern and efficient functionality. The warehouse boasts ample parking, a significant advantage for businesses requiring convenient access and loading/unloading capabilities. The property is classified as both retail and industrial, making it suitable for a variety of uses. The entire 2,220 square feet is currently vacant and ready for immediate occupancy. This presents a unique chance for a business to establish itself in a well-maintained space with modern amenities. The property's location in Newaygo offers access to local amenities and a growing community. Interested parties are encouraged to inquire further to explore the possibilities this versatile warehouse space offers. The property is available for lease.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
2,188 SF
Lot
0.45 ac (19,602 SF)
Zoning code
LOCAL ZONE
APN
19-30-160-025
UPID
US43-4127780
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Urby Lon Properties LLC · 12 yrs held
Urby Lon Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
LOCAL ZONE · Newaygo, 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 Newaygo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newaygo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,083
Tax year 2022
Assessed value
$115,000
Assessed 2023
Previous assessed
$112,200
+2.5% YoY
Effective rate
4.42%
On assessed value
Total market value
$230,000
Applied tax rate
6,216.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,188 SF
Lot
0.45 ac (19,602 SF)
Zoning code
LOCAL ZONE
APN
19-30-160-025
UPID
US43-4127780
Jurisdiction
NEWAYGO
Zoning & alternative use
LOCAL ZONE · Newaygo, MI
Zoning LOCAL ZONE · permitted uses
LOCAL ZONE · Newaygo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newaygo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Urby Lon Properties LLC
Entity
Mailing address
10070 W HARVEST PARK STE #100, DIMONDALE, MI 48821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2017
—
Urby Lon Properites LLC
—
Deed
related
$150,000 · Chemical Bank
Mar 18, 2014
$99,000
Urby Lon Properties LLC
William J Dean
Warranty Deed
$74,250 · Independent Bank
Jan 4, 2012
$130,000
William J Dean
Rsl Holdings LLC
Warranty Deed
$130,000 · Stephan R Lemmon Trustee
Jan 19, 2010
—
Rsl Holdings LLC
Justin Huisman
Quit Claim Deed
related
—
Dec 27, 2006
—
Mercantile Bank Mortgage Company Ll
Ricky Dale Beisiegel
Deed In Lieu Of Foreclosure
related
—
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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