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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Retail space
8639 Mason Dr Newaygo, MI 49337-8815
Entity Owned
12-yr Hold
Free & Clear
Property ID
US43-3886774
Property summary
AI-generated overview
This exceptional commercial property, located at 8639 S Mason in Newaygo, Michigan, presents a unique investment opportunity. The main building offers over 3,000 square feet of versatile space, ideal for a variety of uses including office space, restaurant, or retail establishment. Its convenient location right off M37 ensures high visibility and accessibility. Adding to its appeal is a substantial 48x32 insulated and heated pole barn, perfect for storage or workshop space. The property also boasts a significant 9.1-acre lot, providing ample room for expansion or future development. A key feature contributing to strong passive income is a 150x30 self-service storage unit complex. This complex comprises 26 units measuring 10x15 feet and 12 units measuring 4x8 feet, currently generating a consistent monthly revenue stream. The property's diverse offerings, combined with its prime location and substantial size, make it an attractive investment for discerning buyers seeking a high-return commercial venture in a thriving Michigan community. The asking price is $1,500,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
9,098 SF
Lot
1.72 ac (74,880 SF)
Zoning code
LOCAL ZONE
APN
18-25-400-043
UPID
US43-3886774
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
$290k
Owner & transaction history
Smart Energy Group LLC · 12 yrs held
Smart Energy Group LLC
since 2014
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$32 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,935
Tax year 2022
Assessed value
$129,400
Assessed 2023
Previous assessed
$124,900
+3.6% YoY
Effective rate
4.59%
On assessed value
Total market value
$258,800
Applied tax rate
6,222.0000
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
3
Stories
1
Total area
9,098 SF
Lot
1.72 ac (74,880 SF)
Zoning code
LOCAL ZONE
APN
18-25-400-043
UPID
US43-3886774
Jurisdiction
NEWAYGO
Zoning & alternative use
LOCAL ZONE · Newaygo, MIZoning 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
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Smart Energy Group LLC
Entity
Free & Clear · 12 yrs held
Mailing address
8639 S MASON DR, NEWAYGO, MI 49337-8815
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
—
Green Leaf Holdings LLC
—
Deed
related
$230,000 · Chemical Bank
May 14, 2014
$200,000
Smart Energy Group LLC
Alvin R Marilyn V
Warranty Deed
—
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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