Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12004 Adams Rd Granger, IN 46530
    Back to Search
    Property profile & analytics

    12004 Adams Rd Granger, IN 46530

    View on Map
    • Commercial real estate
    • 4.17 lot acres
    Off-Market
    Property ID
    US31-1735086
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12004 Adams Rd

    Lot size
    4.17 lot acres
    Property type
    Commercial real estate
    APN
    71-05-17-101-001.000-011

    Description

    This 4.17-acre commercial land parcel in Granger, Indiana, presents a prime development opportunity. Located on heavily trafficked SR 23/Adams Road (16,000 cars daily), this R-zoned property boasts excellent visibility and accessibility. Its strategic location offers proximity to key amenities including Martin's Supermarket, Mary Frank Elementary School, and the State Line, all within a one-mile radius. Further advantages include its close proximity to IN-331/Capital Ave (3 miles), the Indiana Toll Road Interchange (just over 3 miles), University Park Mall (5 miles), Penn High School (5.5 miles), and the University of Notre Dame (8 miles). The property is served by the Penn-Harris-Madison school district and has nearby Granger sewer access. Currently featuring a 936 sq ft home and detached garage, the site is ideal for single-family, condominium, or multi-family development. The asking price is $395,000 ($94,724.22/acre), with annual property taxes of $2,488. APN: 71-05-17-101-001.000-011. This exceptional location and zoning make this a compelling investment for discerning developers.

    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
    Granger
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.100939737499
    Latitude
    41.753549820017

    Comparable in this City

    • Contact for pricing

      Retail Outlot in High-Traffic Area

      Retail outlot in a high-traffic area near University Park Mall.
      512 W Cleveland Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      Prime Land Near Saint Joseph Campus

      Land available in medical/office park near Saint Joseph Health Services.
      East Of The St Joseph Health Services Mishawaka Campus - Mishawaka -, Mishawaka, IN 46530
      View Details
    • Contact for pricing

      Granger Land Near Toll Road

      14.92 acres near Indiana Toll Road exit 83.
      52590 Evergreen Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      East of the St Joseph Health Services Mishawaka Campus - Mishawaka - Lot 7F, Mishawaka, IN 46530

      Commercial land
      East Of The St Joseph Health Services Mishawaka Campus - Mishawaka -, Mishawaka, IN 46530
      View Details
    • Contact for pricing

      Corner Parcel on Grape Road

      Commercial land parcel at the corner of Grape and Thrush.
      Grape Rd, Mishawaka, IN 46530
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Outlot in High-Traffic Area

      Retail outlot in a high-traffic area near University Park Mall.
      512 W Cleveland Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      Prime Land Near Saint Joseph Campus

      Land available in medical/office park near Saint Joseph Health Services.
      East Of The St Joseph Health Services Mishawaka Campus - Mishawaka -, Mishawaka, IN 46530
      View Details
    • Contact for pricing

      Granger Land Near Toll Road

      14.92 acres near Indiana Toll Road exit 83.
      52590 Evergreen Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      East of the St Joseph Health Services Mishawaka Campus - Mishawaka - Lot 7F, Mishawaka, IN 46530

      Commercial land
      East Of The St Joseph Health Services Mishawaka Campus - Mishawaka -, Mishawaka, IN 46530
      View Details
    • Contact for pricing

      Corner Parcel on Grape Road

      Commercial land parcel at the corner of Grape and Thrush.
      Grape Rd, Mishawaka, IN 46530
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Professional Office Building

      Newly constructed office building in high-traffic area.
      15615 Sr 23, Granger, IN 46530
      View Details
    • $16 SF/Yr
      1,754 SF

      Retail Center on University Drive

      Multi-tenant retail center with storefront visibility and easy access.
      1205-1245 E University Dr, Granger, IN 46530
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located in a dynamic commercial corridor near major universities.
      Toscana Blvd. & Gumwood Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      Unique Barn Style Retail Space

      Retail space in Granger with high ceilings and great visibility.
      12650 Adams Rd, Granger, IN 46530
      View Details
    • Contact for pricing
      2,063 SF

      Retail Space in Heritage Square

      Retail space available in a lifestyle shopping center.
      7220 Heritage Square Dr, Granger, IN 46530
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Granger, Indiana.
      12645 Sr 23 Hwy, Granger, IN 46530
      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.
    12004 Adams Rd
    Granger, IN 46530
    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
    12004 Adams Rd, Granger, IN, 46530
    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!