Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Logistics Property For Sale Title is generated by Realmo AI

    833 Carberry Rd, Niles, MI 49120

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7,200 SF logistics property with cross-dock potential and expansion space.

    Type:Industrial
    Property size:
    7,200 SF
    Lot size:
    4.50 Acres
    Price / SF:
    $55/SF
    Added:
    May 6, 2025
    Days on Market:
    376
    Last Refresh:
    Mar 20 at 8:27 pm

    Property Features for 833 Carberry Rd

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    4.50 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    R. Kyle Grooters

    Listing agent R. Kyle Grooters License #MI

    Listing office Bradley Company Grand Rapids

    Listing date May 6, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Grand Rapids

    HighLights

    • Prime location near US‑12 & M‑60 interchange, ideal for logistics.
    • Existing infrastructure of 22 dock frames (currently covered) from former cross‑dock facility.
    • 1,900 SF of office space.
    • 4.5 acres of land suitable for potential trailer parking.
    • Impressive 600 amps power capacity.
    • Potential for expansion and versatile operations.

    Overview

    This 7,200 square foot property is located near the US-12 and M-60 interchange, offering a location suitable for logistics operations. The property was formerly a cross-dock facility and retains the infrastructure of 22 dock frames, currently covered. It includes 1,900 square feet of office space and 4.5 acres of land that allows for potential trailer parking. The property has a 600 amp power capacity. The property is suited for businesses involved in transportation or warehousing. There are 10 dock doors on the north and south sides of the building. Forty-foot concrete pads extend from the dock door locations. The infrastructure for the cross-dock use is still in place and has been covered with insulation and siding. The potential to return this property to its former use is high.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Garden City Products ... General Contractor

    Suggested Use

    Real Estate Agency Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Grocery & Convenience Store Electronics & Wireless Store Computer & Electronic Repair Storage Facility Tech Support Center Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.214898
    Latitude
    41.814979

    Nearby Similar for Sale

    • $460,000
      8,500 SF

      Niles Commercial Property For Sale

      Well-maintained commercial property with showroom, greenhouse, and residential home.
      1521 E Main Street, Niles, MI 49120
      View Details
    • $435,000
      720 SF

      Niles Commercial Property on M-51

      Commercial property in Niles, MI, with high traffic flow.
      2142 S 11th Street, Niles, MI 49120
      View Details
    • $510,000
      3,200 SF

      Versatile Commercial Property on High-Traffic Street

      40x80 commercial property with live/work space and ample parking.
      2604 S 11th Street, Niles, MI 49120
      View Details
    • $85,000
      1,010 SF

      Commercial Property on High-Traffic Street

      Fixer-upper with business or home-based business potential near Indiana.
      2919 S 11th Street, Niles, MI 49120
      View Details
    • $1,300,000
      3,140 SF

      Retail Property on High-Traffic Corridor

      Retail property in Niles' primary commercial area with high visibility.
      1295 S 11th Street, Niles, MI 49120
      View Details
    • $341,000
      6,000 SF

      Turnkey Industrial Facility on 4.3 Acres

      6,000 SF industrial facility with advanced indoor agriculture setup.
      1760 Renaissance Drive, Niles, MI 49120
      View Details
    • $950,000
      5,280 SF

      Adaptable Office/Medical Space Near Downtown

      Updated office/medical space near downtown Niles and the hospital.
      122 Grant Street, Niles, MI 49120
      View Details
    • $399,000
      3,680 SF

      Versatile Commercial Building in Niles

      3,600+ sq. ft. commercial building in downtown Niles, MI
      920 Lambert Street, Niles, MI 49120
      View Details
    • $149,000

      Niles Duplex: Investment Opportunity

      Well-located Niles duplex, updated, ideal for investors or owner-occupants.
      527 Howard St., Niles, MI 49120
      View Details
    • $344,000
      6,000 SF

      Turnkey Industrial Facility For Sale

      6,000 SF industrial facility with advanced indoor agriculture setup.
      1760 Renaissance Dr, Niles, MI 49120
      View Details
    • $695,000
      16,000 SF

      Downtown Niles Multi-Tenant Commercial Space

      Multi-tenant commercial space in downtown Niles, Michigan.
      306 E Main St, Niles, MI 49120
      View Details
    • $399,000
      3,600 SF

      Versatile Commercial Building in Niles

      3,600+ sq. ft. commercial building in downtown Niles, MI.
      920 Lambert Street, Niles, MI 49120
      View Details

    FAQs

    What type of property is this?
    Distribution center - 7,200 SF logistics property with cross-dock potential and expansion space.
    Where is this distribution center located?
    The property is located at 833 Carberry Rd Niles, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Prime location near US‑12 & M‑60 interchange, ideal for logistics.; Existing infrastructure of 22 dock frames (currently covered) from former cross‑dock facility.; 1,900 SF of office space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    R. Kyle Grooters
    Real Estate License ID: MI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    833 Carberry Rd, Niles, MI 49120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!