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    100 Maumee St Angola, IN 46703
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    100 Maumee St Angola, IN 46703

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    • Retail properties & Spaces
    • 30,000 SF
    • 0.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 100 Maumee St

    Year built
    1900
    Lot size
    0.34 lot acres
    Property size
    30,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use building, located in downtown Angola, Indiana, presents a unique investment opportunity. The property boasts a total area of 30,000 to 35,000 square feet, spread across three stories within a single building. Constructed in 1900 and renovated in 1975, this building offers a blend of historical charm and updated functionality. Currently operating at 100% occupancy, it provides immediate income potential. The property sits on a 0.34-acre lot and includes convenient on-site parking for six vehicles. Its storefront configuration is ideal for retail or commercial ventures, while the additional floors offer versatile space for various uses. The permitted zoning is DC, offering flexibility for a range of business types. This is a rare opportunity to acquire a substantial, fully occupied mixed-use property in a thriving Indiana community. The building's size, location, and existing occupancy make it an attractive investment for owner-users seeking a significant presence in Angola. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Steuben
    State
    Indiana
    Longitude
    -84.9995
    Latitude
    41.635

    Comparable in this City

    • Value Estimation by Request
      3,050 SF

      3725 In-127

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    • Value Estimation by Request
      0.19 Acres

      310 Wayne St

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      310 Wayne St, Angola, IN 46703-1550
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    • Value Estimation by Request
      591 SF

      9785 Us Hwy 20

      RETAIL STORES (PERSONAL SERVICES) • 591 SF
      9785 Us Hwy 20, Angola, IN 46703-9641
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    • Value Estimation by Request
      1,928 SF

      113 Wayne St

      RETAIL STORES (PERSONAL SERVICES) • 1,928 SF
      113 Wayne St, Angola, IN 46703-1933
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    • Value Estimation by Request
      5,160 SF

      2013 Wayne St

      RETAIL STORES (PERSONAL SERVICES) • 5,160 SF
      2013 Wayne St, Angola, IN 46703-9103
      View Details
    • Value Estimation
      $535,000
      7,225 SF

      512 Wayne St

      RETAIL STORES (PERSONAL SERVICES) • 7,225 SF
      512 Wayne St, Angola, IN 46703-1002
      View Details

    Similar Nearby for Sale

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      Mixed-Use Commercial Building For Sale

      Confidential mixed-use/commercial building in Angola, Indiana, available for purchase.
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      Mixed-Use Property Near Angola

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      Mixed-Use Building in Angola, Indiana

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    • $399,000
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      Corner Lot Mixed-Use Property

      Mixed-use property on a corner lot, ideal for development.
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    • $369,500
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      Mixed-Use Property in Angola, Indiana

      Mixed-use property with retail/service space available near university.
      124 N Mckinley St, Angola, IN 46703
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      2,880 SF

      Mixed-Use Building With Warehouse Space

      2880 SF mixed-use building featuring offices and warehouse space.
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    Similar Nearby for Lease

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      4,990 SF

      Turn-Key Restaurant Space Available

      Turn-key restaurant for lease in Angola, Indiana.
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    • $16 SF/Yr

      Retail Center Space for Lease

      Retail space available for lease in Angola, Indiana.
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      Country Fair Plaza Retail Space

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      Retail/Office Building Near I-69

      Multi-tenant building with retail and office spaces, I-69 access.
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      Retail Spaces Available for Lease

      Retail spaces with high visibility and ample parking.
      1651 N Wayne St, Angola, IN 46703
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    • Contact for pricing

      Retail or Office Location

      Retail or office suites with high visibility and traffic counts.
      1202 W Maumee St, Angola, IN 46703
      View Details
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    100 Maumee St
    Angola, IN 46703
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    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
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