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    Property profile & analytics

    10801 Wicker Ave Saint John, IN 46373-7027

    • Office properties & Spaces
    • 9,835 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3178204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 10801 Wicker Ave

    Year built
    2019
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.06 lot acres
    Property size
    9,835 SF
    Property type
    Office properties & Spaces
    APN
    45-15-04-351-027.000-015
    APU
    451504351027000015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,035,000
      Market price range: $245k - $1.17M
      AI Estimate
      $744,000
      Market price range: $285k - $744k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      RETAIL STORES
      $745,000
      Change: +19% Conversion: Easy
      WAREHOUSE, STORAGE
      $735,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint John
    County
    Lake
    State
    Indiana
    Longitude
    -87.4693
    Latitude
    41.4225
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $35,075
    $467,000
    $1,109,200
    $1,576,200
    -
    $467,000
    $1,109,200
    $1,576,200

    Comparable in this City

    • Value Estimation
      $655,000
      6,664 SF

      10200 Wicker Ave

      OFFICE (GENERAL) • 6,664 SF
      10200 Wicker Ave, Saint John, IN 46373-9439
      View Details
    • Value Estimation
      $840,000
      14,337 SF

      10955 93rd Ave

      OFFICE (GENERAL) • 14,337 SF
      10955 93rd Ave, Saint John, IN 46373-7809
      View Details
    • Value Estimation by Request
      8,400 SF

      10115 Raven Wood Dr

      OFFICE (GENERAL) • 8,400 SF
      10115 Raven Wood Dr, Saint John, IN 46373-8030
      View Details
    • Value Estimation
      $1,060,000
      32,797 SF

      9321 Wicker Ave

      OFFICE (GENERAL) • 32,797 SF
      9321 Wicker Ave, Saint John, IN 46373-2300
      View Details
    • Value Estimation
      $1,255,000
      13,630 SF

      10681 Park Pl

      OFFICE (GENERAL) • 13,630 SF
      10681 Park Pl, Saint John, IN 46373-0556
      View Details
    • Value Estimation by Request
      15,330 SF

      8025 Wicker Ave

      OFFICE (GENERAL) • 15,330 SF
      8025 Wicker Ave, Saint John, IN 46373-9760
      View Details

    Similar Nearby for Sale

    • $259,000
      1,200 SF

      Schererville Office Condominium on US-41

      1,200 SF office condo with high visibility on US-41.
      8025 Wicker Ave, Schererville, IN 46373
      View Details
    • $514,000
      2,400 SF

      Office Condominiums Along US-41 Corridor

      Two adjacent office condos in St. John, near Schererville.
      8025 Wicker Ave, St John, IN 46373
      View Details
    • $259,000

      Office Condo on US-41

      1,200 SF office condo in Schererville, Indiana for sale.
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      View Details
    • $255,000

      St. John Office Condo For Sale

      1,200 SF office condo in high-visibility location.
      8025 Wicker Ave, St John, IN 46373
      View Details
    • $1,500,000
      4.81 Acres

      St. John Land For Sale

      4.81 acres of land ready for development in St. John.
      9125 Wicker Ave, St John, IN 46373
      View Details
    • $150,000
      0.51 Acres

      Lakefront Lot in Heron Lake

      Half-acre lakefront lot in St. John, build your dream home.
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    Similar Nearby for Lease

    • Contact for pricing

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      Single-story medical office building with convenient surface lot parking.
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    • Contact for pricing
      10,104 SF

      Medical Office Building For Lease

      Single-tenant medical office building with ample parking and scenic landscaping.
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    • $3,000 /Mo
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      Updated Office Space in St. John

      Modern office unit with high visibility, ready for immediate occupancy.
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      View Details
    • Contact for pricing
      2,100 SF

      Turnkey Office Space in Saint John

      High-end office space available in a well-maintained building.
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    • Contact for pricing

      New Construction Retail/Office Space

      New construction retail or office space with drive-thru available.
      10845 Parrish Ave, St John, IN 46373
      View Details
    • Contact for pricing

      Arcadia Center Retail/Office Space

      Retail or office space for lease in St. John.
      10081 Wicker Ave, St John, IN 46373
      View Details
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    Saint John, IN 46373-7027
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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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