Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Nimtz At Moreau Ct South Bend, IN 46628

    Property Lookup

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

    Nimtz At Moreau Ct South Bend, IN 46628

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

    Current Use by Public Records

    • Land

    Property Details for 0 Nimtz At Moreau Ct

    Lot size
    19.18 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 19.18-acre parcel, located at Nimtz Parkway and Moreau Court in South Bend, Indiana (APN: 71-03-29-100-002.000-009), presents a unique investment opportunity. Situated within the prestigious Blackthorn Corporate Office Park, this I-Industrial zoned land offers unparalleled access to major transportation arteries, including I-80/90 Toll Road, US 20/31 Bypass, and SR 933, providing seamless connectivity to national and regional markets. The property benefits from its proximity to South Bend International Airport, offering potential for direct hangar access and secured entry, and is ideally suited for warehousing, distribution, or corporate headquarters development. The Blackthorn Corporate Park boasts municipal utilities and access to a vendor-neutral dark fiber network ("ChoiceLight"), ensuring robust infrastructure support. Design guidelines and covenants are in place to maintain the high quality of construction within the park. St. Joseph County's strategic location in north-central Indiana, coupled with its strong workforce, low utility costs, competitive tax structure, real estate tax abatement, and Foreign Trade Zone designation, further enhances the property's appeal. The county's prominence in over-the-road distribution, with major carriers like UPS, FedEx, and DHL having facilities at the nearby South Bend Regional Airport (a significant multimodal transportation hub including South Shore Railroad access to Chicago), underscores the exceptional logistical advantages of this location. The asking price is $863,100, representing a land value of $45,000 per acre. This property is perfect for businesses seeking a strategic location with superior infrastructure and access to a skilled workforce.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.3232
    Latitude
    41.7284

    Comparable in this City

    • Value Estimation by Request

      1.73 Ac Outlot Sr 19 Hwy

      Land
      0 1.73 Ac Outlot Sr 19 Hwy, South Bend, IN 46628
      View Details
    • Value Estimation by Request
      100.00 Acres

      Area B Nimtz Pkwy

      Land • 100.00 Acres
      Area B Nimtz Pkwy, South Bend, IN 46628
      View Details
    • Value Estimation by Request
      7.84 Acres

      Nimtz Pkwy

      Land • 7.84 Acres
      0 Nimtz Pkwy, South Bend, IN 46628
      View Details
    • Value Estimation by Request
      11.32 Acres

      26905 Us-20 Business

      Land • 11.32 Acres
      26905 Us-20 Business, South Bend, IN 46628
      View Details
    • Value Estimation by Request
      800,000 SF

      Cleveland Rd And Didam Blvd

      Land • 800,000 SF
      0 Cleveland Rd And Didam Blvd, South Bend, IN 46628
      View Details
    • Value Estimation by Request
      83.89 Acres

      Nimtz Pkwy

      Land • 83.89 Acres
      0 Nimtz Pkwy, South Bend, IN 46628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,724,380 SF

      85.5 Acres Development Opportunity

      85.5 acres of land with high visibility on US-31.
      53438 Olive St, South Bend, IN 46628
      View Details
    • Contact for pricing

      Prime Northwest Location Land Parcels

      10.09 acres with quick access to major routes.
      4403 Brick Rd, South Bend, IN 46628
      View Details
    • Contact for pricing

      Corner Lot Near North Chain Lake

      Corner lot near downtown South Bend and Notre Dame.
      54000 Whitesell Dr, South Bend, IN 46628
      View Details
    • Contact for pricing

      Land in Augustine Lake Estates

      Land in picturesque community with easy highway access.
      26037 Lesser Scaup Trl, South Bend, IN 46628
      View Details
    • Contact for pricing

      Large Multi-Parcel Land Available

      Acreage near South Bend, close to amenities and bypass.
      26912 Us Highway 20, South Bend, IN 46628
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Industrial/Warehouse Building For Lease

      Flex industrial/warehouse building with office space available for lease.
      3605 Gagnon St, South Bend, IN 46628
      View Details
    • $4 SF/Yr
      100,000 SF

      South Bend Warehouse Space Available

      100,000 SF warehouse with docks and grade-level door.
      3310 William Richardson Dr, South Bend, IN 46628
      View Details
    • Contact for pricing

      Warehouse Space Near Airport

      Well-located warehouse space with immediate connectivity to transportation corridors.
      2301 N Bendix Dr, South Bend, IN 46628
      View Details
    • Contact for pricing
      24,600 SF

      Manufacturing and Warehouse Facility Available

      Clean, well-maintained manufacturing/warehouse facility with renovated office space for lease.
      24355 Edison Rd, South Bend, IN 46628
      View Details
    • Contact for pricing

      Flex Industrial/Warehouse Building with Office

      Flex industrial/warehouse building with office space available for lease.
      3605 Gagnon St, South Bend, IN 46628
      View Details
    • $9 SF/Yr
      2,400 SF

      Industrial Space Available For Lease

      16,200 SF industrial space with dock and grade doors.
      3409 Voorde Dr, South Bend, IN 46628
      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.
    Nimtz At Moreau Ct
    South Bend, IN 46628
    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

    Nimtz At Moreau Ct, South Bend, IN, 46628

    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!