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Property profile & analytics
FOR SALE
Warehouses
1430 S 3Rd St, Niles, MI 49120
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-2851234
For Sale
1 / 22
$495,000
1430 S 3Rd St, Niles, MI 49120
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Property summary
AI-generated overview
This expansive industrial property, located at 1430 S 3rd in Niles, Michigan, sits on a sizable 4.6-acre lot and offers a unique opportunity for a variety of businesses. The property comprises two main buildings. Building 1, totaling approximately 1,800 square feet, includes a dedicated laboratory, well-appointed offices, and a convenient break room. Building 2, encompassing roughly 3,000 square feet, is equipped with heating systems and specialized growing equipment, making it ideal for cultivation-related operations. Adding to the property's versatility is over an acre of greenhouses, providing ample space for plant growth and cultivation. Security features are in place, including a comprehensive security camera and surveillance system, ensuring the safety and security of the premises. The entire property is fully fenced and secured with locked access
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
52,041 SF
Lot
4.6 ac (200,376 SF)
APN
14-0102-0002-09-7
UPID
US43-2851234
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
-
McNeilus Nursery Big Box & Wholesale Store
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
Ahmad Properties LLC · 5 yrs held
Ahmad Properties LLC
since 2021
Last sale
$150,000
3 recorded transactions
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)
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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,480
Tax year 2023
Assessed value
$102,900
Assessed 2024
Previous assessed
$101,500
+1.4% YoY
Effective rate
3.38%
On assessed value
Total market value
$205,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Stories
1
Total area
52,041 SF
Lot
4.6 ac (200,376 SF)
APN
14-0102-0002-09-7
UPID
US43-2851234
Jurisdiction
BERRIEN
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
Stories
1
Lot
4.6 ac
Current owner
From public records · entity-resolved
Ahmad Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8101 W 123RD STC, PALOS PARK, IL 60464-1992
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
$150,000
Ahmad Properties LLC
Twixwood Properties LLC
Warranty Deed
—
Mar 30, 2017
$130,000
Twixwood Properties LLC
Meric Mcneilus
Warranty Deed
—
Jun 20, 2005
—
Meric Mcneilus
Twixwood Properties LLC
Warranty Deed
$225,000 · Greenstone Farm Credit Services Flc
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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