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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
1155 Executive Dr Warsaw, IN 46580-8534
Entity Owned
16-yr Hold
Free & Clear
Property ID
US31-2806983
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
10,000 SF
Lot
1.66 ac (72,310 SF)
Zoning code
I-2 L
APN
43-07-31-200-013.000-017
UPID
US31-2806983
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dilling Group General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$535k
Owner & transaction history
Lab Investments INC · 16 yrs held
Lab Investments INC
since 2009
3 recorded transactions
Zoning & alternative use
I-2 L · Warsaw, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+153.5%
Retail stores
$770,000
+143.0%
Apartment house (5+ units)
$760,000
+140.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Change: +154% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +143% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$760,000
Change: +140% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +103% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$370,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,224
Tax year 2023
Assessed value
$491,900
Assessed 2023
Previous assessed
$491,900
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$103,600
Assessed improvement
$388,300
Land market value
$103,600
Improvement market value
$388,300
Total market value
$491,900
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
TYPE NOT SPECIFIED
Stories
1
Total area
10,000 SF
Lot
1.66 ac (72,310 SF)
Zoning code
I-2 L
APN
43-07-31-200-013.000-017
UPID
US31-2806983
Jurisdiction
KOSCIUSKO
Zoning & alternative use
I-2 L · Warsaw, IN
Zoning I-2 L · permitted uses
I-2 L · Warsaw, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warsaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$800,000
RETAIL STORES
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$670,000
MEDICAL BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$370,000
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
TYPE NOT SPECIFIED
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Lab Investments INC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 47, LOGANSPORT, IN 46947-0047
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2018
—
Off LLC
—
Deed
related
$1,784,400 · Salin Bank & Trust Co
Jul 22, 2009
—
Lab Investments INC
Myeeh Properties LLC
Deed
—
Mar 17, 2009
—
Myrrh Properties LLC
Quemecto Properties LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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