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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1265 11th St Niles, MI 49120-3408

    • Hotels
    • 31,932 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4138891
    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

    • Quality Inn & Suites Niles / Hotel

    Property Details for 1265 11th St

    Year built
    2000
    Lot size
    0.90 lot acres
    Property size
    31,932 SF
    Zone code
    RC
    Property type
    Hotels
    APN
    73-8210-0117-00-3
    APU
    7382100117003

    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
    Niles
    County
    Berrien
    State
    Michigan
    Longitude
    -86.2472
    Latitude
    41.8137
    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
    $52,307
    $0.00
    $0.00
    $1,263,600
    -
    $0.00
    $0.00
    $2,527,200

    Comparable in this City

    • Value Estimation by Request
      42,840 SF

      1000 Moore St

      HOTEL • 42,840 SF
      1000 Moore St, Niles, MI 49120-4456
      View Details
    • Value Estimation by Request
      78,980 SF

      930 11th St

      HOTEL • 78,980 SF
      930 11th St, Niles, MI 49120-3410
      View Details
    • Value Estimation by Request
      14,487 SF

      1446 11th St

      HOTEL • 14,487 SF
      1446 11th St, Niles, MI 49120-4202
      View Details
    • Value Estimation by Request
      31,047 SF

      404 Main St

      HOTEL • 31,047 SF
      404 Main St, Niles, MI 49120-2333
      View Details
    • Value Estimation by Request
      5,324 SF

      2138 11th St

      MOTEL • 5,324 SF
      2138 11th St, Niles, MI 49120-4061
      View Details
    • Value Estimation by Request
      6,674 SF

      3113 11th St

      MOTEL • 6,674 SF
      3113 11th St, Niles, MI 49120-4735
      View Details

    Similar Nearby for Sale

    • $1,200,000
      9.17 Acres

      Niles Commercial Land - $1.2M

      9.17 Acres, Prime Niles Location
      0 M-51, Niles, MI 49120
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    • $179,900
      6,070 SF

      Niles Landmark Building - Huge Potential

      Prime Niles location, 6,070 sq ft, many uses.
      424 15Th St, Niles, MI 49120
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    • $399,000
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      Versatile Commercial Building in Niles

      3,600+ sq. ft. commercial building in downtown Niles, MI
      920 Lambert St, Niles, MI 49120
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    • $975,000
      11,696 SF

      Historic Niles Building with Gym

      Fully occupied historic building in downtown Niles with steady income.
      115 E Main St, Niles, MI 49120
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    • $90,000
      1,040 SF

      Home in Silverbrook Estates Community

      1040 sqft home with community amenities in Niles, MI.
      81 E Wildflower, Niles, MI 49120
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    • $31,000
      0.20 Acres

      Residential Land in Niles, MI

      Affordable lot ready for construction in Niles, Michigan.
      1123 N 9Th St, Niles, MI 49120
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      497,091 SF

      Simplicity Building: Niles, MI Industrial Space

      497,091 SF Warehouse/Manufacturing Space Available
      901 Wayne St, Niles, MI 49120
      View Details
    • $15 SF/Yr
      15,800 SF

      Niles, MI Office Suites Available

      Downtown Niles office space, flexible sizes.
      306 Main St, Niles, MI 49120
      View Details
    • $19 SF/Yr
      3,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with high traffic and drive-thru potential.
      2726 S 11Th St, Niles, MI 49120
      View Details
    • $5 SF/Yr
      25,000 SF

      Industrial Space Available for Lease

      25,000 square foot industrial property for lease.
      2232 South 11Th St, Niles, MI 49120
      View Details
    • $19 SF/Yr
      3,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with high traffic and national co-tenants.
      2714 S 11Th St, Niles, MI 49120
      View Details
    • $35 SF/Yr
      200 SF

      Downtown Niles Private Office Suite

      Private office suite available in downtown Niles, all utilities included.
      306 E Main St, Niles, MI 49120
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      754
    • Avg Time on site
      501 min
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    1265 11th St
    Niles, MI 49120-3408
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    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
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