Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grandstaff Dr Auburn, IN 46706
    Back to Search
    Property profile & analytics

    Grandstaff Dr, Auburn, IN 46706

    View on Map
    • Land
    • 1.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grandstaff Dr

    Lot size
    1.30 lot acres
    Property type
    Land

    Description

    This 1.3-acre commercial lot, located at N Grandstaff Dr, Auburn, IN 46706 (APN 18-06-30-326-013), is zoned C2- General Commercial and presents a unique investment opportunity. The property boasts a prime location offering high visibility and convenient access to major transportation routes, including I-69 and SR-8 (7th Street). Its strategic position within a thriving community places it in close proximity to established retailers, restaurants, and residential areas, ensuring high traffic and customer visibility. The ample space is suitable for a variety of commercial uses, including retail, office, food service, or entertainment establishments. This location is ideally situated just 30 miles south of the Michigan/Indiana border and 17 miles west of the Ohio/Indiana border, making it easily accessible to a wide customer base. The asking price for this exceptional property is $345,000. Don't miss this chance to secure a prominent location in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.0716
    Latitude
    41.3685

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      Ley Dr

      Land • 0.99 Acres
      0 Ley Dr, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      0.45 Acres

      1320 Grandstaff Dr

      Land • 0.45 Acres
      1320 Grandstaff Dr, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      3.23 Acres

      7Th St

      Land • 3.23 Acres
      0 7Th St, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      0.45 Acres

      Grandstaff Dr

      Land • 0.45 Acres
      0 Grandstaff Dr, Auburn, IN 46706
      View Details
    • Value Estimation by Request
      5.00 Acres

      00 I-69 & Crk 11A Rd

      Land • 5.00 Acres
      00 I-69 & Crk 11A Rd, Garrett, IN 46706
      View Details
    • Value Estimation by Request
      33.19 Acres

      Co. Rd 35

      Land • 33.19 Acres
      0 Co. Rd 35, Auburn, IN 46706
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Auburn

      Land available for sale in Auburn, Indiana.
      406 Smaltz Way, Auburn, IN 46706
      View Details
    • Contact for pricing

      24 Acres of Land Available

      Land available in two phases totaling 24 acres.
      W 7Th St, Auburn, IN 46706
      View Details
    • Contact for pricing

      Land Parcels Near I-69

      Land parcels available near I-69 and downtown Auburn.
      1318 S Grandstaff Dr, Auburn, IN 46706
      View Details
    • Contact for pricing
      0.66 Acres

      Residential Land in DeKalb County

      Land parcel with frontage on both sides of the road.
      Martz Dr, Auburn, IN 46706
      View Details
    • Contact for pricing

      Available Land in Auburn, Indiana

      24 acres of land available in Auburn, Indiana.
      1116 W 7Th St, Auburn, IN 46706
      View Details
    • $244,000
      6.10 Acres

      Agricultural Land Ideal Home Setting

      6.1 acre lot, ideal for a dream home.
      9000 North County Line - Lot 3 Rd, Auburn, IN 46706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,550 SF

      Prime Retail/Office Location Available

      Build-to-suit lots in Auburn Shoppes with high visibility.
      1077 Smaltz Way, Auburn, IN 46706
      View Details
    • Contact for pricing
      8,464 SF

      Prime Retail/Office Location in Auburn

      Build-to-suit lots in Auburn Shoppes with high visibility.
      1031 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
    • $7 SF/Yr
      24,000 SF

      New Industrial Building Pre-Leasing

      New 24,000 SF industrial building available for lease.
      1687 W Auburn Dr, Auburn, IN 46706
      View Details
    • 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
    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.
    Grandstaff Dr
    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
    Grandstaff Dr, 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!