Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Eyster Dr Angola, IN 46703

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Eyster Dr Angola, IN 46703

    View on Map
    • Commercial real estate
    • 2.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Eyster Dr

    Year built
    1800
    Lot size
    2.97 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.97-acre commercial property presents a remarkable investment opportunity in Angola, Indiana. Strategically situated in a thriving retail and restaurant corridor, this land boasts unparalleled visibility and accessibility. Neighboring prominent national brands like Menards, Kohl's, Applebee's, and Wendy's ensures high traffic counts and significant consumer exposure. The property's location guarantees a strong foundation for a diverse range of commercial ventures, from retail establishments and restaurants to service-oriented businesses. The expansive acreage offers ample space for development, allowing for flexibility in design and construction to meet specific business needs. This prime location offers significant potential for substantial return on investment. Furthermore, an adjacent 4.282-acre parcel is also available for purchase, providing an opportunity to expand the development footprint significantly (MLS 202412152). This combined acreage presents a unique chance to create a substantial commercial presence in a high-demand area of Angola. Don't miss this exceptional opportunity to secure a prime piece of commercial real estate in a bustling and growing community. The property is located on Eyster Drive in Angola, Indiana. The asking price for this 2.97-acre parcel is $799,900.

    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
    -85.0027
    Latitude
    41.6745

    Comparable in this City

    • Value Estimation by Request
      5.05 Acres

      Wohlert St

      Land • 5.05 Acres
      0 Wohlert St, Angola, IN 46703
      View Details
    • Value Estimation by Request

      595 Eyster Dr

      Land
      595 Eyster Dr, Angola, IN 46703
      View Details
    • Value Estimation by Request
      2,052 SF

      1108 Broad St

      COMMERCIAL (GENERAL) • 2,052 SF
      1108 Broad St, Angola, IN 46703-1316
      View Details
    • Value Estimation by Request
      5,148 SF

      314 Williams St

      COMMERCIAL (GENERAL) • 5,148 SF
      314 Williams St, Angola, IN 46703-1523
      View Details
    • Value Estimation by Request
      1,800 SF

      221 Maumee St

      COMMERCIAL (GENERAL) • 1,800 SF
      221 Maumee St, Angola, IN 46703-1424
      View Details
    • Value Estimation by Request
      4,870 SF

      210 Maumee St

      COMMERCIAL (GENERAL) • 4,870 SF
      210 Maumee St, Angola, IN 46703-1425
      View Details

    Similar Nearby for Sale

    • $310,000
      0.49 Acres

      Prime Angola Commercial Property

      Versatile building, high potential.
      107 Felicity St, Angola, IN 46703
      View Details
    • $399,900
      2.74 Acres

      Angola Commercial Property - High Growth Area

      Prime Commercial Building, High Visibility, Great Investment
      360 Eyster Dr, Angola, IN 46703
      View Details
    • $289,000
      1.50 Acres

      Prime Commercial Land in Angola

      High-visibility 1.5-acre commercial land near James Chain and Crooked Lake.
      2530 N 200 W, Angola, IN 46703
      View Details
    • $299,500
      21.21 Acres

      21.206 Acres Hunting/Home Site

      21.206 acres for hunting and building a dream home.
      E Metz Rd, Angola, IN 46703
      View Details
    • Contact for pricing

      Prime Land Near I-69

      Commercially zoned land with frontage on US 20.
      N Gerald Lett Ave, Angola, IN 46703
      View Details
    • Contact for pricing

      Mixed-Use Commercial Building For Sale

      Confidential mixed-use/commercial building in Angola, Indiana, available for purchase.
      100 W Maumee St, Angola, IN 46703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Near Major Anchors

      26,450 SF retail center with high visibility and access.
      3308 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing

      Country Fair Plaza Retail Space

      Premier shopping destination in Angola, Indiana with strong anchor tenants.
      1801 N Wayne St, Angola, IN 46703
      View Details
    • Contact for pricing
      48,330 SF

      Angola Warehouse Space Available

      48,330 SF warehouse space for lease in Angola, Indiana.
      701 W Mill St, Angola, IN 46703
      View Details
    • $800 /Mo
      6,580 SF

      Angola Office Space For Rent

      Office space available on a high visibility street in Angola.
      603 N Wayne St, Angola, IN 46703
      View Details
    • $16,438 /Mo
      17,280 SF

      Angola Industrial Warehouse with Loading

      Industrial warehouse space available for sublease in Angola, Indiana.
      300 Industrial Dr St, Angola, IN 46703
      View Details
    • $500 /Mo
      450 SF

      Office Space in Angola, Indiana

      Office space available in a high-traffic, visible location.
      603 N Wayne Ste 1B St, Angola, IN 46703
      View Details
    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.
    Eyster Dr
    Angola, IN 46703
    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!