Property profile

14955 State Rd 23 Granger, IN 46530

OFF-MARKET
Medical Office Space
Property ID
US31-2370989
6,392 SF 0.74 ac lot Built 1980
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction WOOD
Total area 6,392 SF
Lot 0.74 ac (32,078 SF)
APN 71-04-23-101-015.000-011
UPID US31-2370989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14955 State Rd 23 Granger, IN 46530-7564
Granger metro Census 11404 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
$670k
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k

Owner & transaction history

since 2020
Last sale
$585,000
2 recorded transactions
2020
$585,000
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $540,000 +83.6%
Restaurant $520,000 +75.9%
Apartment house (5+ units) $505,000 +70.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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