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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office Spaces
11590 Mckinley Hwy Osceola, IN 46561-9507
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0328939
Property summary
AI-generated overview
This exceptional 0.82-acre commercial land parcel presents a prime opportunity for development. Situated at 11590 McKinley Highway in Osceola, Indiana, this property boasts a highly desirable location on a major thoroughfare. The zoning is designated C - Commercial District, allowing for a wide range of commercial uses. The lot size offers ample space for construction, and its frontage on McKinley Highway (old US 20) provides excellent visibility and accessibility. With an impressive Annual Average Daily Traffic (AADT) count of 15,465 vehicles, this location ensures significant exposure to potential customers. The property is classified as single-tenant land, providing flexibility for development. Located in St. Joseph County, Indiana, and conveniently accessible via McKinley Highway, this property offers a strategic advantage for businesses seeking high visibility and convenient access to a substantial customer base. The zip code is 46561. This is an ideal location for businesses seeking high traffic counts and excellent visibility. The property is ready for immediate development.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
WOOD
Total area
9,264 SF
Lot
5 ac (217,800 SF)
APN
71-10-05-326-012.000-031
UPID
US31-0328939
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
-
Justin Elias - State Farm Insurance Agent Insurance Agency
-
The Law Office of Christine A Majewski Law Firm Child Welfare Organization
-
Red Dot Storage Storage Facility
-
David Pirtle Alternative Medicine Practice
-
Edward Jones - Financial Advisor: Jon Rolon Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.19M
Owner & transaction history
Fam Self Storage IV 89 Dst Dalaware · 5 yrs held
Fam Self Storage IV 89 Dst Dalaware
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$835,000
+0.2%
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 Osceola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Osceola 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Current use
RETAIL STORES
$835,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$128 / 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
$15,152
Tax year 2023
Assessed value
$842,500
Assessed 2023
Previous assessed
$842,500
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$70,700
Assessed improvement
$771,800
Land market value
$70,700
Improvement market value
$771,800
Total market value
$842,500
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
2
Total area
9,264 SF
Lot
5 ac (217,800 SF)
APN
71-10-05-326-012.000-031
UPID
US31-0328939
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$835,000
RETAIL STORES
Est. value
$835,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2003
Construction
WOOD
Heating
NONE
Stories
2
Lot
5 ac
Current owner
From public records · entity-resolved
Fam Self Storage IV 89 Dst Dalaware
Individual
Mailing address
11590 MCKINLEY HWY, OSCEOLA, IN 46561-9507
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Fam Self Storage IV 89 LLC
—
Deed
related
$180,535,017 · Athene Annuity & Life Co
Dec 21, 2020
—
Fam Self Storage IV 89 Dst Dalaware
Red Dot Storage 89 LLC
Special Warranty Deed
—
Aug 23, 2017
—
Red Dot Storage 89 LLC
Infinity Holdings Of Indiana LLC
Deed
$75,000,000 · Texas Capital Bank NA
Jan 20, 2016
—
Mckinley Offices LLC
J & J Estate LLC
Warranty Deed
$318,352 · Centier Bank
Apr 21, 2015
—
J & J Estates LLC
Wells Fargo Bank NA
Warranty Deed
$187,500 · Centier Bank
Apr 25, 2011
$450,334
Wells Fargo Bank National Associati
Gast Development INC
Sheriffs Deed
related
—
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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