Back to Search
Property profile & analytics
OFF-MARKET
Assisted living facilities
911 3rd St Niles, MI 49120-3414
Entity Owned
~
Est. High Equity
Property ID
US43-2815557
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1969
Total area
32,207 SF
Lot
3.27 ac (142,354 SF)
Zoning code
MDR
APN
73-5450-0006-02-9
UPID
US43-2815557
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
-
Chalet Of Niles Nursing Home
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
Niles Care Center Propco LLC
Niles Care Center Propco LLC
since 2025
7 recorded transactions
Zoning & alternative use
MDR · 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
$40,932
Tax year 2023
Assessed value
$968,300
Assessed 2024
Previous assessed
$901,300
+7.4% YoY
Effective rate
4.23%
On assessed value
Total market value
$1,936,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1969
Stories
1
Total area
32,207 SF
Lot
3.27 ac (142,354 SF)
Zoning code
MDR
APN
73-5450-0006-02-9
UPID
US43-2815557
Jurisdiction
BERRIEN
Zoning & alternative use
MDR · Niles, MI
Zoning MDR · permitted uses
MDR · 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
Year built
1969
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Niles Care Center Propco LLC
Entity
Mailing address
6101 NIMTZ PKWY, SOUTH BEND, IN 46628-6111
Ownership since
2025
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
Aug 13, 2025
$2,650,000
Niles Care Center Propco LLC
911 South 3rd Street LLC
Warranty Deed
—
Apr 22, 2022
—
911 South 3rd Street LLC
—
Deed
related
$105,000,000 · Popular Bank
May 15, 2018
—
911 S 3rd St LLC
—
Deed
related
$239,317 · Mishmeret Trust Co Ltd
May 29, 2015
—
911 South Third Street LLC
Michigan Properties Healthcare Limi
Warranty Deed
—
Mar 21, 2013
—
Michigan Properties Healthcare Limi
Michigan Health Enterprises INC
Warranty Deed
—
May 2, 2012
—
Honor Vi Enterprises LLC
Michigan Health Enterprises INC
Land Contract
—
Apr 25, 2005
$3,000
City Of Niles
Michigan Health Enterprises INC
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 911 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
