Storage Condominium
For Sale
$67,500
10208 N ST RD 13 #55, Syracuse, IN 46567
COMMERCIAL, Syracuse, IN
Property Size800 SF
Price / SF$84.38
Days on Market35
Property Features for 10208 N ST RD 13 #55
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Fencing
Chain Link
Lot features
Rural
Directions
ST RD 13 JUST PAST WAWASEE MIDDLE SCHOOL
Subdivision
Kosciusko County
Standard status
Active
APN
43-04-22-200-328.000-025
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIT 55 WAWASEE STORAGE CONDOMINIUMS PHASE III BLDG D & .83% INT IN COMMON AREA
Tax Annual Amount
548
Legal Description
UNIT 55 WAWASEE STORAGE CONDOMINIUMS PHASE III BLDG D & .83% INT IN COMMON AREA
Building Details
Year built
2000
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
ERA Crossroads
(574) 457-4417
Listed By:
Kay Young · License #RB14019200
(574) 528-1400
Added: Sep 3
Changed: Sep 30
Last Checked: Oct 7 at 9:06AM
MLS# 202636438
Copyright © 2026 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self-storage condominium unit measures 20 by 40 feet and was built in 2000. It has concrete flooring and an overhead door opener. The storage complex is enclosed by chain-link fencing, and off-street parking is available.
The property is situated between Syracuse and North Webster, near Lake Wawasee, Dewart Lake, and Papakeechie.
The property is situated between Syracuse and North Webster, near Lake Wawasee, Dewart Lake, and Papakeechie.
Key Highlights
- 20 by 40‑foot storage unit
- Chain‑link fencing encloses the storage complex
- Overhead door opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,946
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,920
$98.9K
Cap Rate 7%
$70,657
$70.7K
Cap Rate 9%
$54,956
$55.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$7.7K $9.60/SF
− Vacancy
−$614 −$0.77/SF
EGI
$7.1K $8.83/SF
− OpEx
−$2.1K −$2.65/SF
NOI
$4.9K $6.18/SF
Area
Kosciusko County, IN
Vacancy
8.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,920
Cap Rate 7%
$70,657
Cap Rate 9%
$54,956
Alternative Uses
Best Use
Self Storage
$70.7K
$61.8K – $82.4K
NOI $4,946 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$54.8K
$47.9K – $63.9K
NOI $3,835 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$139.4K
$122.0K – $162.6K
NOI $9,756 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 46567, IN
9,773
Population
5,849
Households
1.7
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
57.3 sq mi
ZIP Area
171
Density / Sq Mi
$73,277
Median Household Income
$46,327
Median Earnings
$964
Median Rent
$228,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - An overhead door opener serves the unit inside a chain-link-fenced storage complex.
Where is this self storage facility located?
The property is located at 10208 N ST RD 13 #55 Syracuse, IN.
What is the asking price?
The asking price for this property is $67,500.
What are key features of this property?
This property features: 20 by 40‑foot storage unit; Chain‑link fencing encloses the storage complex; Overhead door opener
