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Financial
Distress signals
Property profile

123 W Center St Warsaw, IN 46580

FOR SALE
Retail space
Property ID
US31-1845840
8,712 SF 0.07 ac lot Built 1888
Last sale Jun 2026 · $356,440
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 123 W Center Street in the heart of Downtown Warsaw, Indiana, presents a unique investment opportunity. Situated on a 0.07-acre corner lot, this building boasts high visibility and traffic, ensuring maximum exposure for any retail business. The ground floor offers versatile retail space, ideal for a variety of uses. Above the retail space is a currently leased apartment, providing a consistent rental income stream. A second apartment, also…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$237k
Assessed land$35k
Assessed improvement$202k
Effective rate2.47%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$125k
Vacancy & credit loss−$5k
Operating expenses−$54k
NOI · 17.17% cap applied$66k

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?
17.17%
$66k 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-4 C
JurisdictionKOSCIUSKO

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy9.7
Plumbing Service9.5
Electrical Service9.5

Location

123 W Center St Warsaw, IN 46580
County assessor Recorded deeds · 3 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1215 Detroit, Warsaw, IN 46580-2920 $775,000 Aug 2024 6,930 SF
123 Buffalo, Warsaw, IN 46580-2802 $350,000 Feb 2024 9,900 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
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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