Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3730 Edison Lakes Pkwy Mishawaka, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Leased medical office space with long-term tenant commitment.

    Type:OFFICE
    Property size:
    6,706 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $132/SF
    Added:
    Sep 22, 2023
    Days on Market:
    950
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 3730 Edison Lakes Pkwy

    General Information

    Standard status
    Active
    Size
    6,706 SF
    Lot size
    1.22 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Kyle Mackulak

    Listing agent Kyle Mackulak

    Listing office Matthews Real Estate Investment Services

    Listing date Sep 22, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services

    Overview

    Mishawaka Medical Office Investment Opportunity

    This 6,706 square foot property is located at 3730 Edison Lakes Pkwy in Mishawaka, IN. The property is currently leased to a tenant in the autism spectrum disorder therapeutics market. The tenant has recently committed to a 5-year lease term, extending from January 2023 to December 2027, demonstrating a commitment to the location. Autism therapy practices tend to remain in place due to patient retention and moving costs.
    Location Intelligence

    Current Use by Public Records

    Shannan E. Szuba, ... Physician Lighthouse Autism Center ... Medical Clinic Courtney Steele Physician Courtney Schultz Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mishawaka Animal Care Center — 129 W Edison Rd, Mishawaka, IN 46545
    • Emergency Veterinary Care Centers — 5714 N Main St, Mishawaka, IN 46545
    • Magrane Pet Medical Center — 3945 Edison Lakes Pkwy, Mishawaka, IN 46545

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1801
    Latitude
    41.6948

    Nearby Similar for Sale

    • $3,676,400

      Mishawaka Industrial Facility For Sale

      Industrial facility with easy access, heavy power, and updated offices.
      1655 E 12th Street, Mishawaka, IN 46544
      View Details
    • $215,900
      3,116 SF

      Mishawaka Fourplex - Investor Special

      Fourplex in Mishawaka, Indiana, renovations started, selling as-is.
      550 Lincolnway, Mishawaka, IN 46544-1846
      View Details
    • $329,000

      Warehouse with Apartment in Mishawaka

      Warehouse with a one-bedroom apartment on Mishawaka's west side.
      1200 W 6Th Street, Mishawaka, IN 46544-1720
      View Details
    • $400,000
      4,834 SF

      Historic Dodge House For Sale

      Historic building suitable for office or residence with Queen Anne architecture.
      415 Lincolnway East, Mishawaka, IN, 46544
      View Details
    • $495,000
      3,120 SF

      Downtown Mishawaka Commercial Building For Sale

      Charming commercial building in downtown Mishawaka's central business district.
      110 Lincolnway E, Mishawaka, IN 46544
      View Details
    • $4,860,000
      36,531 SF

      Grocery Shadow Anchored Retail Center

      Retail center with value-add opportunities in Mishawaka, Indiana.
      316 N Bittersweet Rd, Mishawaka, IN 46544
      View Details
    • $169,000
      11,060 SF

      Versatile Commercial Mixed-Use Property

      High-traffic location, income potential, flexible warehouse space.
      2302 Lincolnway West, Mishawaka, IN 46544
      View Details
    • Contact for pricing
      6,490 SF

      Saltgrass Steak House For Sale

      American steakhouse chain restaurant property for sale in Mishawaka, Indiana.
      5126 N Main St, Mishawaka, IN 46545
      View Details
    • $2,250,000

      Class A Office Building For Sale

      Class A office building in Edison Lakes Corporate Park.
      3820 Edison Lakes Pkwy., Mishawaka, IN 46545
      View Details
    • $749,000
      6,100 SF

      Edison Lakes Class A Office

      Class A office building in Mishawaka's prime office park.
      3550 Park Pl W, Mishawaka, IN
      View Details
    • $320,000
      7,148 SF

      Mishawaka Retail/Industrial Opportunity

      Two-parcel property near McKinley Ave, suitable for retail/industrial use.
      55955 Hoosier Ave, Mishawaka, IN 46545
      View Details
    • $1,825,000
      15,000 SF

      Adaptable Building in High-Traffic Area

      Adaptable 15,000 SF building in high-traffic commercial corridor.
      5505 Grape Rd, Mishawaka, IN
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Leased medical office space with long-term tenant commitment.
    Where is this medical office space located?
    The property is located at 3730 Edison Lakes Pkwy Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $888,659.
    What are key features of this property?
    This property features: Tenant secured with a new 5‑year lease running through December 2027.; Autism Therapy practices rarely relocate, ensuring stable tenancy.; Patient retention challenges make relocation difficult for this type of business.
    (262) 672-8388 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Mackulak
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!