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Property profile & analytics
OFF-MARKET
Industrial properties
1313 Airport Rd, Niles, MI 49120-9381
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-2073384
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
12.9 ac (561,924 SF)
APN
14-020-019-013-10
UPID
US43-2073384
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
-
Modineer Plant 3 Metal Fabrication Plant Factory
-
Northern Hardwoods Warehouse & Storage
-
Praetorian Manufacturing Inc. Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Store Capital Acquisitions LLC · 7 yrs held
Store Capital Acquisitions LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,202
Tax year 2022
Assessed value
$524,500
Assessed 2023
Previous assessed
$525,500
-0.2% YoY
Effective rate
3.85%
On assessed value
Total market value
$1,049,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
12.9 ac (561,924 SF)
APN
14-020-019-013-10
UPID
US43-2073384
Jurisdiction
CASS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
12.9 ac
Current owner
From public records · entity-resolved
Store Capital Acquisitions LLC
Entity
Mailing address
2102 S 11TH ST, NILES, MI 49120-4061
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2018
—
Store Capital Acquisitions LLC
Four Flags Leasing LLC
Deed
$10,000 · Citibank NA
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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