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Property profile & analytics
OFF-MARKET
Office buildings
35 Whittaker St New Buffalo, MI 49117-1825
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-3467440
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Total area
360 SF
Lot
0.22 ac (9,496 SF)
Zoning code
CBD
APN
62-0340-0341-00-7
UPID
US43-3467440
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
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
Victor Tieri · 2 yrs held
Victor Tieri
since 2023
3 recorded transactions
Zoning & alternative use
CBD · New Buffalo, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD - Central Business District. The CBD - Central Business District is intended to promote convenience retail and services, specialty retail, tourist-oriented retail and services, entertainment establishments, and professional offices in a concentrated format in the downtown along North Whittaker Street. This District is intended to serve City residents as…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
24.87 ac
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 New Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Buffalo 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
$905
Tax year 2023
Assessed value
$52,900
Assessed 2024
Previous assessed
$43,800
+20.8% YoY
Effective rate
1.71%
On assessed value
Total market value
$105,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Stories
1
Total area
360 SF
Lot
0.22 ac (9,496 SF)
Zoning code
CBD
APN
62-0340-0341-00-7
UPID
US43-3467440
Jurisdiction
BERRIEN
Zoning & alternative use
CBD · New Buffalo, MIZoning CBD · permitted uses
CBD · New Buffalo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD - Central Business District. The CBD - Central Business District is intended to promote convenience retail and services, specialty retail, tourist-oriented retail and services, entertainment establishments, and professional offices in a concentrated format in the downtown along North Whittaker Street. This District is intended to serve City residents as well as the vacationing public. Mixed-use development is encouraged and should feature first-floor commercial entertainment, restaurants, and retail uses and upper-floor residential or office uses. The District is further intended to preserve the architectural quality of downtown and ensure that new development complements the historic built pattern. 2.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
24.87 ac
Building & site characteristics
From public records
Year built
1945
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Victor Tieri
Individual
Mailing address
17584 MAPLEWOOD CT, LOWELL, IN 46356-9483
Ownership since
2023
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
Dec 18, 2023
—
Victor Tieri
Linda J Olson
Warranty Deed
—
Aug 17, 2023
—
Linda J Olson
Gerald A Olson
Intrafamily Transfer
related
—
Dec 29, 2015
—
Linda J Olson
Linda J Olson
Intrafamily Transfer
related
—
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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