Financial
Distress signals
Property profile

1215 N Detroit St Warsaw, IN 46580

FOR SALE
Retail space
Property ID
US31-2271156
6,930 SF 0.83 ac lot Built 2005
Last sale Aug 2024 · $775,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 7,000-square-foot retail building historically occupied by Advance Auto Parts. It is situated along North Detroit Street and is positioned near US Highway 30, in an area with surrounding retail uses including national and regional retailers such as Meijer, Lowe’s, Walmart, Menards, Starbucks, Buffalo Wild Wings, Sherwin-Williams, and O’Reilly Auto Parts. The location is several minutes from Lutheran Kosciusko Hospital (72-bed) and Warsaw Municipal Airport, and it lies within a

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$658k
Assessed land$171k
Assessed improvement$487k
Effective rate2.47%

Value estimate

· Sep 2026
$775k
$698k – $853k
AI approach$775k
CAP approach$1.08M
Submarket $/SF estimate$652k
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$4k
Operating expenses−$30k
NOI · 6.86% cap applied$71k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$63/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$32 – $94

Cap rate analysis

How does the asset earn?
6.86%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2 G
JurisdictionKOSCIUSKO

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon10.0
Electrical Service10.0
Dental Office9.8

Location

1215 N Detroit St Warsaw, IN 46580
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
618 Detroit, Warsaw, IN 46580-3009 $134,425 Dec 2023 4,936 SF
114 Buffalo, Warsaw, IN 46580-2856 $450,000 Sep 2023 8,712 SF
306 Argonne, Warsaw, IN 46580-3808 $330,000 Oct 2020 5,600 SF
307 Market, Warsaw, IN 46580-2858 $170,000 Sep 2020 5,825 SF
3030 Frontage, Warsaw, IN 46580-3916 $154,000 Jul 2020 5,650 SF
970 Lk, Warsaw, IN 46580-2528 $31,584 Jul 2020 5,372 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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