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Property profile & analytics
OFF-MARKET
Retail space
211 2nd St, Niles, MI 49120-2220
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-2881598
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,750 SF
Lot
0.02 ac (828 SF)
Zoning code
CB
APN
72-3920-0005-06-0
UPID
US43-2881598
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
-
Art on 2nd (Bike/Boat/Book/etc) 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
Trailhead Enterprises LLC · 6 yrs held
Trailhead Enterprises LLC
since 2019
6 recorded transactions
Zoning & alternative use
CB · Niles, MI
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
$2,290
Tax year 2023
Assessed value
$58,300
Assessed 2024
Previous assessed
$52,500
+11.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$116,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Stories
2
Total area
1,750 SF
Lot
0.02 ac (828 SF)
Zoning code
CB
APN
72-3920-0005-06-0
UPID
US43-2881598
Jurisdiction
BERRIEN
Zoning & alternative use
CB · Niles, MI
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Stories
2
Lot
0.02 ac
Current owner
From public records · entity-resolved
Trailhead Enterprises LLC
Entity
Mailing address
1506 BOND ST, NILES, MI 49120-4057
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
Trailhead Enterprises LLC
Brian A Mrotek
Warranty Deed
$64,000 · Inova FCU
Sep 18, 2013
$54,900
Steven L Bailey
John A O'brien
Warranty Deed
—
Sep 18, 2013
$50,000
Brian A Mrotek
Steven L Bailey
Warranty Deed
$43,200 · 1st Source Bank
May 12, 2011
—
John A O'brien
John A O'brien
Land Contract
—
Nov 22, 2010
—
John A O'brien
Susan D O'brien
Intrafamily Transfer
related
—
Sep 23, 2005
$15,000
John A O'brien
William R Shipperley SR.
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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