Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    920 500 Berne, IN 46711

    Sponsored
    For Sale
    $1,075,000
    Property size:
    10,000 SF
    Added:
    Dec 11, 2024
    Days on Market:
    407

    Property Features for 920 500

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,000 SF
    Lot Size
    278,348 SF

    Building Details

    Year Built
    2008
    Stories
    1

    We can help!

    Listing Contact
    Dave Stemen
    Dave Stemen

    Learn more

    Property Insight Report

    HighLights

    • 5,000 SF of available space.
    • 6.386‑acre site.
    • C‑2 (Commercial Rural Business) zoning.
    • 10,000 SF total building size.
    • 6.386‑acre land parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Berne
    County
    Adams
    State
    Indiana
    Longitude
    -84.9543634
    Latitude
    40.6717028

    Nearby Comparable

    • $1,075,000
      10,000 SF

      Berne, IN Shopping Center

      10,000 SF shopping center on major thoroughfare, Hwy 27.
      920 W 500 S, Berne, IN 46711
      View Details
    • New
      $179,900
      3,318 SF

      Berne Six-Plex Investment Opportunity

      Six-unit apartment building in Berne, Indiana, with investment potential.
      260 S Jefferson St, Berne, IN 46711
      View Details
    • $1,700,000
      41,486 SF

      630 High St

      Distribution properties • 41,486 SF
      630 High St, Geneva, IN 46740
      View Details
    • $196,000
      0.11 Acres

      Downtown Geneva Mixed-Use Investment

      High-traffic corner lot, dual businesses.
      105 Main St, Geneva, IN 46740
      View Details
    • $79,900
      0.21 Acres

      Geneva Commercial Building - Move-In Ready

      Prime Geneva location, 1700+ sq ft, fenced parking.
      100 Mill St, Geneva, IN 46740
      View Details
    • $59,900
      0.18 Acres

      Geneva Commercial Building - $59,900

      Prime Geneva location, versatile commercial space.
      695 Schackley St, Geneva, IN 46740
      View Details
    • $554,000
      27.70 Acres

      Wells County Agricultural Land Opportunity

      27 acres of fertile land in Eastern Wells County.
      E 200 N, Bluffton, IN 46714
      View Details
    • New
      $387,000
      3,692 SF

      Decatur Duplex with Pole Building

      Duplex with move-in-ready units and a large pole building.
      5020 N 400 W, Decatur, IN 46733
      View Details
    • $409,264

      32-Acre Industrial Land Ready

      32.01 acres of shovel-ready industrial land for sale.
      450 West St, Decatur, IN 46733
      View Details
    • $3,500,000
      4.83 Acres

      Decatur Industrial Building with Outlots

      Industrial building with office space and additional outlots for sale.
      1236 Patterson St, Decatur, IN 46733
      View Details

    Nearby Similar for Sale

    • New
      $179,900
      3,318 SF

      Berne Six-Plex Investment Opportunity

      Six-unit apartment building in Berne, Indiana, with investment potential.
      260 S Jefferson St, Berne, IN 46711
      View Details
    • $1,075,000
      10,000 SF

      Berne, IN Shopping Center

      10,000 SF shopping center on major thoroughfare, Hwy 27.
      920 W 500 S, Berne, IN 46711
      View Details

    FAQs

    Where is this lifestyle center located?
    The property is located at 920 500 Berne, IN.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: 5,000 SF of available space.; 6.386-acre site.; C-2 (Commercial Rural Business) zoning.
    Request Owner's contact information
    920 500 Berne, IN 46711
    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.
    920 500
    Berne, IN 46711
    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
    920 500 Berne, IN 46711
    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

    We can help!
    Listing Contact
    Dave Stemen
    Dave Stemen
    Real Estate License ID: RB14036604
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.