Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1313 Airport Rd Niles, MI 49120-9381
    Back to Search
    Property profile & analytics

    1313 Airport Rd Niles, MI 49120-9381

    View on Map
    • Industrial properties
    • 12.90 lot acres
    Off-Market
    Property ID
    US43-2073384
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Modineer Plant 3 / Metal Fabrication Plant / Factory
    • Northern Hardwoods / Warehouse & Storage
    • Praetorian Manufacturing Inc. / Film Production / Television Studio

    Property Details for 1313 Airport Rd

    Lot size
    12.90 lot acres
    Property type
    Industrial properties
    APN
    14-020-019-013-10
    APU
    1402001901310

    Description

    This 70,946-square-foot industrial building, located at 1313 Airport Rd Plant 3 in Niles, Michigan, presents a significant opportunity. Built in 1997 and renovated in 2001, this single-story facility sits on a spacious 12.9-acre lot and boasts a 19' to 22' 5" clear ceiling height. The property includes eight loading docks and three drive-in doors, ensuring efficient material handling. Power is supplied by a robust 1600A/480V/3Ph system. The building's features also include a 10-ton crane, air rotation, radiant tube heat, and a dust collection system. The property is zoned for manufacturing and benefits from city water and a private septic system. Conveniently located adjacent to the Niles Industrial Park, this site offers excellent accessibility, being within two miles of US-12 and three miles of M-60. The APN is 14-020-019-013-10. The entire 70,946 square feet is currently vacant and ready for immediate occupancy. This property is ideal for a variety of manufacturing and distribution needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cass
    State
    Michigan
    Longitude
    -86.221
    Latitude
    41.85
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-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
    2022
    $20,202
    $0.00
    $0.00
    $524,500
    -
    $0.00
    $0.00
    $1,049,000

    Comparable in this City

    • Value Estimation by Request
      79.55 Acres

      Barron Lk Rd

      INDUSTRIAL (GENERAL) • 79.55 Acres
      Barron Lk Rd, Niles, MI 49120
      View Details
    • Value Estimation by Request
      1.12 Acres

      290 Ft St

      INDUSTRIAL (GENERAL) • 1.12 Acres
      290 Ft St, Niles, MI 49120-3428
      View Details
    • Value Estimation by Request
      0.35 Acres

      Niles, MI 49120

      INDUSTRIAL (GENERAL) • 0.35 Acres
      Niles, MI 49120
      View Details
    • Value Estimation by Request
      1.64 Acres

      1535 Lk St

      INDUSTRIAL (GENERAL) • 1.64 Acres
      1535 Lk St, Niles, MI 49120-1235
      View Details
    • Value Estimation by Request
      41.17 Acres

      Mayflower Rd

      INDUSTRIAL (GENERAL) • 41.17 Acres
      Mayflower Rd, Niles, MI 49120
      View Details
    • Value Estimation by Request
      11.88 Acres

      2361 Reum Rd

      INDUSTRIAL (GENERAL) • 11.88 Acres
      2361 Reum Rd, Niles, MI 49120-5037
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,262 SF

      Versatile Industrial Building in Niles

      31,556 SF industrial building in Niles Industrial Park.
      2112 Industrial Dr, Niles, MI 49120
      View Details
    • Contact for pricing
      2.24 Acres

      Niles Industrial Park Land

      Prime Industrial Land, Michigan
      0 Industrial Dr, Niles, MI 49120
      View Details
    • $1,800,000
      1.93 Acres

      Versatile Commercial Property in Niles

      Over 12,000 sq ft on 2 acres in Niles Township.
      2534 S 11Th St, 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 St, Niles, MI 49120
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Versatile Industrial Building in Niles

      31,556 SF industrial building with premium power and rail proximity.
      2112 Industrial Dr, Niles, MI 49120
      View Details
    • Contact for pricing

      Industrial Building with Crane

      70,946 SF industrial space with crane for lease.
      1313 Airport Rd, Niles, MI 49120
      View Details
    • Contact for pricing

      Divisible Warehouse and Manufacturing Space

      497,091 SF industrial complex in Niles, Michigan for lease.
      901 Wayne St, Niles, MI 49120
      View Details
    • $3 SF/Yr
      31,656 SF

      Versatile Industrial Building in Niles

      31,556 SF industrial building in Niles Industrial Park.
      2112 Industrial Dr, Niles, MI 49120
      View Details
    • Contact for pricing

      Versatile Commercial Building in Niles

      7,280 SF mixed-use property with retail, office, and warehouse space.
      2314 N 5Th St, Niles, MI 49120
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru Potential

      3,000 SF end-cap with existing restaurant build-out.
      2726 S 11Th St, Niles, MI 49120
      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.
    1313 Airport Rd
    Niles, MI 49120-9381
    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
    1313 Airport 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!