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Property profile & analytics
OFF-MARKET
Manufacturing properties
2232 11th St, Niles, MI 49120-4410
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2887264
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1953
Total area
42,396 SF
Lot
3.61 ac (157,426 SF)
APN
14-2360-0028-02-0
UPID
US43-2887264
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
-
ABN Financial Services Financial Advisor
-
South Bend Tribune Publishing House Newspaper & Magazine
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
Nines Commercial Equity LLC · 5 yrs held
Nines Commercial Equity LLC
since 2021
Last sale
$340,000
7 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
$20,556
Tax year 2023
Assessed value
$571,500
Assessed 2024
Previous assessed
$526,300
+8.6% YoY
Effective rate
3.60%
On assessed value
Total market value
$1,143,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1953
Stories
1
Total area
42,396 SF
Lot
3.61 ac (157,426 SF)
APN
14-2360-0028-02-0
UPID
US43-2887264
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
Year built
1953
Stories
1
Lot
3.61 ac
Current owner
From public records · entity-resolved
Nines Commercial Equity LLC
Entity
Mailing address
PO BOX 1110, MISHAWAKA, IN 46546-1110
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$340,000
Nines Commercial Equity LLC
Dew Real Estate Holdings LLC
Warranty Deed
$550,000 · First State Bank Of Middlebury
Mar 30, 2021
—
Niles Commercial Equity LLC
—
Deed
related
$550,000 · First State Bank Of Middlebury
Jun 15, 2020
—
Dew Real Estate Holdings LLC
First State Bank Of Middlebury
Warranty Deed
—
Jul 12, 2019
$699,500
First State Bank Of Middlebury Fsb
Delivery Service LLC
Deed In Lieu Of Foreclosure
related
—
Jun 18, 2012
$1,044,000
Najco Management LLC
M & T Family Enterprises LLC
Warranty Deed
$835,000 · First State Bank Of Middlebury
Jan 12, 2009
—
M & T Family Enterprises LLC
Majco Management LLC
Quit Claim Deed
related
$800,000 · The Huntington National Bank
Mar 30, 2006
—
Majco Management LLC
M & T Family Enterprises LLC
Warranty Deed
$1,125,000 · Lasalle Bank Midwest 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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