Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2570 Niles Rd Saint Joseph, MI 49085-3203

    • Medical offices
    • 4,839 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2872171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 2570 Niles Rd

    Year built
    2011
    Lot size
    0.69 lot acres
    Property size
    4,839 SF
    Zone code
    B2 - RET/SERV
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    18-0002-0044-04-2
    APU
    1800020044042

    Description

    This exceptional 4,500 square foot Class B executive office building, constructed in 2011, is ideally situated on Niles Road in St. Joseph, Michigan, within a high-traffic medical corridor. The property boasts excellent visibility and signage opportunities, making it perfect for a variety of professional businesses. Previously utilized as a medical office and appointment management center, the space offers a functional and adaptable layout. The building includes ample parking with 20 designated spaces, ensuring convenient access for staff and clients. Located in Berrien County, Michigan, with the address 2570 Niles Rd, zip code 49085, this property presents a compelling investment opportunity at an asking price of $1,850,000, translating to $411.11 per square foot. Its strategic location and existing infrastructure make it an attractive option for businesses seeking a well-established presence in a thriving medical community. The property's history as a medical facility suggests potential for continued use in the healthcare sector, or adaptation for other professional office uses. The ample parking further enhances its appeal to potential tenants or owners.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.4757
    Latitude
    42.0715
    CBSA code
    35660
    CBSA name
    NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,095
    $0.00
    $0.00
    $274,800
    -
    $0.00
    $0.00
    $549,600

    Comparable in this City

    • Value Estimation by Request
      4.42 Acres

      820 Lester Ave

      DENTAL BUILDING • 4.42 Acres
      820 Lester Ave, Saint Joseph, MI 49085-2521
      View Details
    • Value Estimation by Request
      2,562 SF

      3800th Hollywood Rd

      DENTAL BUILDING • 2,562 SF
      3800th Hollywood Rd, Saint Joseph, MI 49085-9550
      View Details
    • Value Estimation by Request
      4.42 Acres

      820 Lester Ave

      DENTAL BUILDING • 4.42 Acres
      820 Lester Ave, Saint Joseph, MI 49085-2521
      View Details
    • Value Estimation by Request
      1,284 SF

      2600 Morton Ave

      DENTAL BUILDING • 1,284 SF
      2600 Morton Ave, Saint Joseph, MI 49085-2141
      View Details
    • Value Estimation by Request
      5,155 SF

      2550 Niles Rd

      DENTAL BUILDING • 5,155 SF
      2550 Niles Rd, Saint Joseph, MI 49085-3270
      View Details
    • Value Estimation
      $410,000
      2,592 SF

      2640 Cleveland Ave

      DENTAL BUILDING • 2,592 SF
      2640 Cleveland Ave, Saint Joseph, MI 49085-3002
      View Details

    Similar Nearby for Sale

    • $1,500,000
      59,000 SF

      St. Joseph Office/Medical Building

      59,000 SF office/medical building on 4.4 acres near downtown.
      820 Lester Ave, St Joseph, MI 49085
      View Details
    • $1,500,000
      59,000 SF

      St. Joseph Medical Office Building

      Prime Medical Office, 59,000 SF, MI
      820 Lester Ave, St. Joseph, MI 49085
      View Details
    • $327,000
      2,046 SF

      Medical Office Suite For Sale

      Medical office suite available for sale or lease.
      3901 Stonegate Park, Saint Joseph, MI 49085
      View Details
    • $850,000
      6,490 SF

      St. Joseph Commercial Property For Sale

      High-visibility commercial property with income potential in a growing market.
      3830-3824 M-139, St Joseph, MI 49085
      View Details
    • $4,200,000
      31,476 SF

      St. Joseph Office Building - Sale/Lease

      31,476 sq ft, modern office space, MI
      2807 State St, St. Joseph, MI 49085
      View Details
    • Contact for pricing
      42,000 SF

      St. Joseph Office Space

      Office space in a great downtown location.
      830 Pleasant, St Joseph, MI 49085
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      10,222 SF

      Renovated Retail/Office Space Available

      Versatile, renovated retail/office spaces in high-visibility St. Joseph location.
      2603 S Cleveland Ave, St Joseph, MI 49085
      View Details
    • $10 SF/Yr
      50,000 SF

      St. Joseph Office/Medical Building

      50,000 SF office/medical building for lease or sale.
      820 Lester Ave, St Joseph, MI 49085
      View Details
    • New
      $18 SF/Yr
      3,220 SF

      St. Joseph Medical Office Suite

      Move-in ready medical suite in a well-maintained St. Joseph office park.
      3906 Stonegate Park, St Joseph, MI 49085
      View Details
    • $10 SF/Yr
      16,200 SF

      Prime St. Joseph Office Space

      16,200 SF Office Building, 2,700 SF Available
      1084 Miners Rd, St. Joseph, MI 49085
      View Details
    • $17 SF/Yr
      750 SF

      Corner Office Suite in St. Joe

      750 SF office suite near St. Joseph Courthouse.
      811 Ship St, Saint Joseph, MI 49085
      View Details
    • $13 SF/Yr
      4,000 SF

      Visible Commercial Suite Space

      Commercial suite available for lease in high-traffic area.
      4066 Red Arrow Hwy, Saint Joseph, MI 49085
      View Details
    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.
    2570 Niles Rd
    Saint Joseph, MI 49085-3203
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.