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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Auto shops
1261 9th St, Niles, MI 49120-3471
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3693723
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1945
Total area
5,316 SF
Lot
0.31 ac (13,721 SF)
Zoning code
RC
APN
73-8210-0132-03-7
UPID
US43-3693723
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
-
Knox Kustoms Auto Body & Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Ndependent Community Counsel LLC · 5 yrs held
Ndependent Community Counsel LLC
since 2021
Last sale
$475,000
4 recorded transactions
Zoning & alternative use
RC · Niles, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$785,000
+136.9%
Commercial (general)
$645,000
+94.7%
Office building
$545,000
+64.8%
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 Niles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niles 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
$590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$330,000
Current use
RESTAURANT
$785,000
Change: +137% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +95% · Conversion: Moderate
OFFICE BUILDING
$545,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$385,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $475k (Apr 27 2021)
Last sale anchor
$475k
Apr 27 2021
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
$97 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,379
Tax year 2023
Assessed value
$73,900
Assessed 2024
Previous assessed
$73,900
+0.0% YoY
Effective rate
4.57%
On assessed value
Total market value
$147,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1945
Stories
1
Total area
5,316 SF
Lot
0.31 ac (13,721 SF)
Zoning code
RC
APN
73-8210-0132-03-7
UPID
US43-3693723
Jurisdiction
BERRIEN
Zoning & alternative use
RC · Niles, MI
Zoning RC · permitted uses
RC · Niles, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$330,000
RESTAURANT
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$645,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES
Est. value
$385,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1945
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Ndependent Community Counsel LLC
Entity
Mailing address
1001 WILLOW LN, BIRMINGHAM, MI 48009-1252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2021
$475,000
Ndependent Community Counsel LLC
David William Knox JR
Warranty Deed
—
Apr 27, 2021
—
Independent Community Counsel LLC
David William Knox JR
Quit Claim Deed
related
—
Feb 10, 2021
$150,000
David William Knox JR
Slaam LLC
Warranty Deed
$104,000 · Country Heritage Cu
May 19, 2014
—
David William Know JR
Slaam LLC
Land Contract
—
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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