Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1016 7Th St Auburn, IN 46706
    Back to Search
    Property profile & analytics

    1016 7Th St, Auburn, IN 46706

    View on Map
    • Neighborhood centers
    • 32,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pelmear's Cake Creations / Bakery / Specialty Food Shop
    • Sears Appliance Repair / Home Appliance Store
    • Lauer Communications / Electronics & Wireless Store
    • Becky's Skin Care Plus / Medical Clinic / Skin Care Clinic
    • Sitting Pretty Pet Salon / Pet Grooming Service

    Property Details for 1016 7Th St

    Year built
    1972
    Property size
    32,600 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    WestEdge, a single-story, 32,600 square foot Class B retail strip center in DeKalb County, Georgia, presents an exceptional opportunity for businesses seeking high-visibility locations. Built in 1972 and situated on a 4.39-acre lot, this property boasts ample parking and is strategically located in Auburn's main retail corridor, less than a minute from Interstate 69. Currently, 12,350 square feet of space is available, divisible into units as small as 2,400 square feet and up to a contiguous 12,350 square feet. The property features three total suites, with the flexibility to configure vacant spaces as "white box" to meet individual tenant needs. This prime location benefits from its proximity to major transportation arteries and a strong anchor tenant, Planet Fitness, ensuring high foot traffic and brand recognition. The property offers a unique blend of established presence and adaptable space, making it ideal for a variety of retail businesses seeking a prominent location in a thriving community. The available space provides a significant opportunity for businesses to establish or expand their presence in this high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.0751
    Latitude
    41.3684

    Comparable in this City

    • Value Estimation
      $3,665,000
      24,069 SF

      1218 15th St307

      SHOPPING CENTER, STRIP CENTER • 24,069 SF
      1218 15th St307, Auburn, IN 46706-2070
      View Details
    • Value Estimation
      $2,560,000
      16,960 SF

      531 Grandstaff Dr, Unit 581

      SHOPPING CENTER, STRIP CENTER • 16,960 SF
      531 Grandstaff Dr, Auburn, IN 46706-1682
      View Details
    • Value Estimation
      $2,100,000
      13,869 SF

      217 219221st N Main 107115th W 5th St

      SHOPPING CENTER, STRIP CENTER • 13,869 SF
      217 219221st N Main 107115th W 5th St, Auburn, IN 46706
      View Details
    • Value Estimation
      $4,850,000
      32,600 SF

      1030 7th St

      SHOPPING CENTER, STRIP CENTER • 32,600 SF
      1030 7th St, Auburn, IN 46706-2015
      View Details
    • Value Estimation by Request
      16,246 SF

      209 Duesenberg Dr

      Retail properties & Spaces • 16,246 SF
      209 Duesenberg Dr, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      10,640 SF

      3560 In-8

      Individual retail properties • 10,640 SF
      3560 In-8, Auburn, IN 46706
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Auburn, Indiana

      Land and retail investment opportunity in a growing area.
      N Grandstaff Dr, Auburn, IN 46706
      View Details
    • Contact for pricing
      12,480 SF

      Dollar General Market For Sale

      Upgraded 12,480 SF Dollar General Market in Auburn, IN.
      1218 State Road 8, Auburn, IN 46706
      View Details
    • $475,000
      708 SF

      Auburn Mixed-Use Commercial Opportunity

      Mixed-use property with auto bays, warehouse, and storefront.
      1712 South Wayne Ave, Auburn, IN 46706
      View Details
    • $662,360
      16.56 Acres

      Agricultural Land in Leo, Indiana

      16.559 acre lot ideal for building a dream home.
      18930 Hull Rd - Lot 7 Rd, Leo, IN 46706
      View Details
    • $99,114
      0.49 Acres

      Residential Land in Auburn, IN

      Residential land with community pool, tennis, and pickleball courts.
      2050 Albatross Way, Auburn, IN 46706
      View Details
    • $126,667
      0.46 Acres

      Residential Land in Bridgewater Reserve

      Residential land with community amenities in a private cul-de-sac.
      2051 Links Ln, Auburn, IN 46706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Kroger Plaza

      Retail spaces available in Kroger anchored Auburn Plaza.
      1015-1047 W 7Th St, Auburn, IN 46706
      View Details
    • Contact for pricing
      4,816 SF

      Retail Space Near I-69

      Professionally managed retail space with ample parking and signage.
      1016 W 7Th St, Auburn, IN 46706
      View Details
    • Contact for pricing
      1,140 SF

      Retail Space in Updated Center

      Retail space available in well-maintained shopping center near downtown.
      201-293 N Duesenberg Dr, Auburn, IN 46706
      View Details
    • Contact for pricing

      115,974 SF Shopping Center

      115,974 square foot shopping center available for rent.
      346 North Grandstaff Dr, Auburn, IN 46706
      View Details
    • Contact for pricing
      3,168 SF

      Retail Space Near I-69

      Retail space in well-trafficked corridor near I-69 and major retailers.
      1031-1077 Smaltz Way, Auburn, IN 46706
      View Details
    • $12 SF/Yr

      Retail/Warehouse Space Available For Rent

      4,816 SF suite with retail and warehouse space.
      253 N Grandstaff Dr, Auburn, IN 46706
      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.
    1016 7Th St
    Auburn, IN 46706
    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

    Thank You for Inquiry
    1016 7Th St, Auburn, IN, 46706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!