1215 N Detroit St Warsaw, IN 46580
Property profile & analytics
1215 N Detroit St Warsaw, IN 46580
- Retail space
- 6,930 SF
- 0.83 lot acres
Property ID
US31-2271156
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.
Location Intelligence
Current Use by Public Records
- Tacos Jalisco / Restaurant
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
Property Details for 1215 N Detroit St
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.83 lot acres
- Property size
- 6,930 SF
- Zone code
- C-2 G
- Property type
- Retail space
- APN
- 43-11-05-300-284.000-032
- APU
- 431105300284000032
Description
This 7,000 sq ft Advance Auto Parts in Warsaw, IN, presents a compelling investment opportunity. Built in 2005, the property boasts a 10.1-year remaining lease term (expiring 12/31/2034) with a significant 21% rent increase in the first renewal option. The property sits on a 0.83-acre lot and enjoys a prime location on North Detroit Street (22,600 vehicles per day) near US Highway 30 (30,000 VPD). The strong tenant, Advance Auto Parts, a publicly traded company, has demonstrated long-term commitment to the site with multiple lease extensions. The property benefits from a high occupancy rate (100%), a substantial NOI of $74,970, and a 6.65% cap rate. The surrounding area features numerous national retailers and a strong demographic profile, with over 37,500 people within a five-mile radius and an average household income exceeding $98,299. The lease is a Net Lease (NNN) structure, minimizing landlord responsibilities. This investment offers a rare opportunity to acquire a well-located, high-performing retail property with a strong tenant and significant upside potential. The asking price is $1,127,368 ($161.05/sq ft). The lease includes three 5-year options.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $775,000
- ML approach
- $775,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,170,000
- 6.5%
- $1,080,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $652,000
- AI Estimate
- $779,000
Market price range: $223k - $652kMarket price range: $231k - $780k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Warsaw
- County
- Kosciusko
- State
- Indiana
- Longitude
- -85.8528
- Latitude
- 41.2502
- CBSA code
- 47700
- CBSA name
- WARSAW, IN MICROPOLITAN 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
2023
$16,245
$171,200
$487,200
$658,400
-
$171,200
$487,200
$658,400
