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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Retail space
980 Eden Rd Mason, MI 48854-9280
Entity Owned
11-yr Hold
Free & Clear
Property ID
US43-1003275
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2000
Total area
9,600 SF
Lot
7.29 ac (317,552 SF)
Zoning code
M1
APN
33-10-10-16-400-020
UPID
US43-1003275
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
-
Mid-Michigan Snow Equipment Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$975k
Owner & transaction history
Russell Holdings LLC · 11 yrs held
Russell Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
M1 · Mason, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+55.4%
Restaurant
$1.1M
+47.0%
Commercial (general)
$1.1M
+44.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
MEDICAL BUILDING
$1,185,000
Change: +55% · Conversion: Difficult
RESTAURANT
$1,120,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,095,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$965,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$630,000
Change: -17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$102 / 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
$29,635
Tax year 2022
Assessed value
$590,100
Assessed 2023
Previous assessed
$533,250
+10.7% YoY
Effective rate
5.02%
On assessed value
Assessed land
$29,850
Assessed improvement
$560,250
Land market value
$59,700
Improvement market value
$1,120,500
Total market value
$1,180,200
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
2000
Heating
YES
Buildings
3
Stories
1
Total area
9,600 SF
Lot
7.29 ac (317,552 SF)
Zoning code
M1
APN
33-10-10-16-400-020
UPID
US43-1003275
Jurisdiction
INGHAM
Zoning & alternative use
M1 · Mason, MIZoning M1 · permitted uses
M1 · 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
RETAIL STORES Current
Est. value
$760,000
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
OFFICE BUILDING
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
YES
Stories
1
Buildings
3
Lot
7.29 ac
Current owner
From public records · entity-resolved
Russell Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 640, MASON, MI 48854-0640
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2018
—
Russell Holdings LLC
—
Deed
related
$250,000 · First National Bank North
Oct 31, 2016
—
Russell Holdings LLC
—
Deed
related
$351,630 · The Dart Bank
Jul 1, 2015
—
Russell Holdings LLC
Russell,byron L & Cynthia L
Quit Claim Deed
related
—
Apr 27, 2015
—
Russell Holdings LLC
Russell Karen E
Quit Claim Deed
related
—
Oct 27, 2014
—
Timothy W Russell
Russell Theodore W
Quit Claim Deed
related
—
Oct 20, 2014
—
Russell Holdings LLC
Russell,timothy W
Quit Claim Deed
related
—
—
—
Byron Russell
—
Deed Of Trust
related
$450,000 · 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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